Titan Mining Validates Kilbourne Graphite Concentrator Flowsheet and Achieves Battery-Grade Purity
Titan Mining Validates Kilbourne Graphite Concentrator Flowsheet and
Achieves Battery-Grade Purity
GOUVERNEUR, N.Y., July 15, 2026 -- Titan Mining Corporation ( NYSE-A:TII, TSX:TI ), (“Titan” or the “Company”), a U.S.-
focused critical minerals producer and developer, today announced positive results across its full graphite processing chain for
the Kilbourne Graphite Project, from ore concentration through to battery-grade spherical graphite. The results confirm the
Company's Preliminary Economic Assessment (“PEA”) design assumptions at the concentrator and demonstrate battery-
grade purity and above-average yields at the downstream pilot stage, supporting the ongoing Feasibility Study and Titan's plan
to build the first fully integrated U.S. graphite supply chain in over 70 years.
HIGHLIGHTS
• Concentrator flowsheet validated: Locked-cycle testing produced a 95.9% C(t) graphite concentrate at 91.4%
recovery, exceeding the PEA design basis of 95% concentrate grade and 90% recovery.
• Preferred commercial purification process confirmed: Metallurgical test work selected for the preferred purification
flowsheet for the Feasibility Study, consistently producing battery-grade purified graphite (≥99.90% Fixed Carbon).
• Industry-leading spherical graphite yield: Approximately 66% of concentrate converted into spherical graphite
products, exceeding the industry average of approximately 50%.
• Engineering progressing across the value chain: Engineering of both the concentrator and Secondary
Transformation Plant continues to advance as part of the Feasibility Study.
• Demonstration plant supporting commercialization: Ongoing production at plant with design capacity of 1,200 mt
per annum, is generating representative Kilbourne concentrate for downstream pilot campaigns, customer qualification
and commercial-scale engineering.
"These results confirm two things: our concentrator performs as designed in the PEA, and our downstream process turns that
concentrate into battery-grade material at yields well above the industry average. Together, they de-risk the Kilbourne
Feasibility Study from the mine face through to the finished product. We're now focused on completing customer qualification
and advancing toward construction," said Rita Adiani, President and Chief Executive Officer of Titan.
As part of the ongoing Feasibility Study, Titan completed a metallurgical optimization program at SGS Lakefield to refine the
concentrator design for the Kilbourne Graphite Project. The optimized flowsheet closely aligns with the PEA design, requiring
only minor refinements to further improve performance.
Figure 1: Concentrator Design Flowsheet
Locked-cycle flotation testing produced a 95.9% C(t) graphite concentrate at 91.4% graphite recovery, exceeding the PEA
design basis of 95% concentrate grade and 90% recovery. Flake size distribution also closely matched PEA assumptions,
providing further confidence in the concentrator design. Variability testing across representative ore types is ongoing to support
the final engineering design.
Engineering of the concentrator continues to advance, with vendor testing underway to finalize equipment sizing. In parallel,
the Empire State Mine demonstration plant continues producing graphite concentrate to support downstream pilot campaigns
and customer qualification activities.
Table 1: Locked Cycle Flotation Test Mass Balance
Product Weight Assays, %, Dist. %
% C(t) C(t)
11th Cleaner Concentrate 2.81 95.9 91.4
Combined Cleaner Tails 22.0 0.56 4.15
9th Cleaner Tail 0.14 5.22 0.25
6th Cleaner Tail 0.57 12.6 2.42
3rd Cleaner Tail 3.04 0.35 0.35
1st Cleaner Tail 18.3 0.18 1.13
Rougher Tail 75.2 0.18 4.48
Head 100 2.96 100
Table 2: Size Fraction Analysis on Combined Concentrate
Size Fraction Weight Assays, % % Distr.
% C(t) C(t)
+48 mesh 0.0 0.0 0.0
+80 mesh 3.2 91.4 3.0
+100 mesh 3.6 94.0 3.5
+200 mesh 33.3 96.3 33.5
+325 mesh 30.5 97.0 30.8
+400 mesh 10.6 96.8 10.7
-400 mesh 19.0 91.5 18.4
Total Concentrate 100.0 95.9 100.0
The downstream engineering program continues to advance in parallel with the Kilbourne Feasibility Study.
Metallurgical test work has confirmed the preferred purification flowsheet for the Secondary Transformation Plant, consistently
producing ≥99.90% Fixed Carbon purified micronized graphite (PMG). A thermal pretreatment step combined with the selected
purification process achieved 99.99% Fixed Carbon for spherical purified graphite (SPG), supporting its suitability for lithium-
ion battery applications.
The program also demonstrated an approximate 66% conversion of graphite concentrate into spherical graphite products,
significantly above the industry average of approximately 50%, further enhancing the project's economics.
Representative SPG products have been dispatched for specialist coating and electrochemical testing as part of ongoing
customer qualification activities. In parallel, three tonnes of representative Kilbourne graphite concentrate are being prepared
for shipment to Dorfner Anzaplan in Germany for the next pilot-scale production campaign. Engineering of the Secondary
Transformation Plant and evaluation of its preferred site location continue as part of the Feasibility Study.
The Company also continues to progress the evaluation of the preferred site location for the Secondary Transformation Plant,
as outlined in its June 25, 2026 news release.
Qualified Persons
The scientific and technical information contained in this news release (other than in respect of the secondary transformation
site) has been reviewed and approved by Oliver Peters, P.Eng., M.Sc., MBA, a Qualified Person as defined by National
Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
The scientific and technical information contained in this news release related to the secondary transformation site has been
reviewed and approved by Derick de Wit, FAusIMM, a Qualified Person as defined by NI 43-101.
The Qualified Person has verified the metallurgical data disclosed in this news release, including sampling information,
laboratory test procedures, analytical results, calculations, and interpretations underlying the technical information presented.
Verification activities included a review of sample selection and compositing procedures, chain-of-custody records, laboratory
certificates, test protocols, analytical methodologies, mass balance calculations, and the reported metallurgical results. The
Qualified Person also reviewed the consistency of the reported results with the underlying laboratory data and confirmed that
the conclusions presented are supported by the testwork completed.
The metallurgical testwork program was conducted under a quality assurance and quality control ("QA/QC") program designed
by SGS Lakefield to ensure the reliability of the results. Test procedures were developed and executed in accordance with
industry-standard laboratory practices. Equipment calibration, procedural checks, duplicate analyses, and internal laboratory
quality control measures were utilized, where appropriate, throughout the program. Sample preparation, handling, and testing
were conducted under controlled laboratory conditions, and all analytical results were reviewed for reasonableness and internal
consistency.
The metallurgical samples utilized for testing were selected to be representative of the mineralization and material types under
evaluation; however, metallurgical performance can vary throughout a deposit due to changes in mineralogy, grade, weathering,
and other geological factors. As with all laboratory-scale testwork, the results reported herein may not be fully representative of
future plant-scale performance. Factors that may materially affect the accuracy or reliability of the reported results include
sample representativity, variability in feed characteristics, analytical precision, test conditions, scale-up assumptions, and
process operating parameters.
The metallurgical testwork was conducted by SGS in Lakefield, Ontario, Canada. The laboratory is independent of the
Company. Testing was performed on a Master composite weighing approximately 200 kg. The test program included
comminution testing and laboratory flotation testing. Analytical determinations were completed using industry-standard
methods appropriate for the material and products under evaluation, including carbon analysis, sulphur analysis, ICP-OES,
XRF, and particle size analysis. The Qualified Person considers the analytical and metallurgical procedures used in the
program to be appropriate for the objectives of the testwork and the nature of the mineralization being evaluated.
About Titan Mining Corporation
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New
York State. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing
graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The Company has also received
support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan’s goal is to deliver
shareholder value through operational excellence, development, and exploration. We have a strong commitment towards
developing critical minerals assets which enhance the security of the domestic supply chain. For more information on the
Company, please visit our website at www.titanminingcorp.com
Investor Relations Contact
Irina Kuznetsova
Director, Investor Relations
Phone: (778) 870-7735
Email: [email protected]
Media Relations Contact
KCSA Strategic Communications
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Cautionary Note Regarding Forward-Looking Information
Certain statements and information contained in this news release constitute “forward-looking statements”, and “forward-
looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). These
statements appear in a number of places in this news release and include, but are not limited to, statements regarding Titan's
plan to build the first fully integrated U.S. graphite supply chain in over 70 years; that we're now focused on completing
customer qualification and advancing toward construction; and future potential results of the Feasibility Study. When used in
this news release, words such as “to be”, “believe”, “targeted”, “could”, “will”, “planned”, “expected”, “potential”, and similar
expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations
reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward
-looking statements since the Company can give no assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary
materially from those anticipated in such forward-looking statements, including risks relating to cost increases for capital and
operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of
zinc and graphite; the inherently hazardous nature of mining-related activities; potential effects on our operations of
environmental regulations in New York State; risks due to legal proceedings; and risks related to operation of mining projects
generally; risks that the new antidumping and countervailing duties do not receive final affirmative determination by the ITC; and
the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators and
the United States Securities and Exchange Commission. Such forward-looking statements are based on various assumptions,
including assumptions made with regard to our forecasts and expected cash flows; our projected capital and operating costs;
our expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations
impacting mining activities will remain consistent; our approved business plans; our mineral resource estimates and results of
the preliminary economic assessment; our experience with regulators; political and social support of the mining industry in
New York State; our experience and knowledge of the New York State mining industry and our expectations of economic
conditions and the price of zinc and graphite; demand for graphite; exploration results; the ability to secure adequate financing
(as needed); the Company maintaining its current strategy and objectives; study results; permitting progress; and the
Company’s ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based
on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no
obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to
reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-
looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make
additional updates with respect to those or other forward-looking statements. You should not place undue importance on
forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements
contained in this news release are expressly qualified in their entirety by this cautionary statement.
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