Kilbourne Graphite Project Advances Through Key Permitting Milestones
Titan’s Kilbourne project remains on track for a 2028 start date despite ongoing permitting milestones, execution risks, and potential dilution.
Titan Mining Corporation announced significant progress in federal and state permitting for its Kilbourne Graphite Project in New York. The company confirmed a 50% reduction in wetland impact footprint since April 2026 through design optimization and a hybrid tailings approach.
Federal permitting is advancing under the FAST-41 schedule, targeting issuance by August 2027. The U.S. Export-Import Bank (EXIM) provided $5.5 million for feasibility work and issued a $120 million Letter of Interest for potential project financing.
Commercial-scale production is targeted for 2028, with a planned capacity of approximately 40,000 metric tonnes of natural graphite annually. The release reaffirms the company's commitment to environmental mitigation and regulatory coordination to maintain the 2028 production timeline.
Titan Mining Corporation (TI) reported routine positive developments regarding permitting progress and wetland footprint reductions, which are expected to serve as milestones on the path to a 2028 construction decision. The market has already priced in this trajectory, with the stock rallying approximately 20% since the Q2 earnings release on August 12, 2026.
There was no new financial guidance, production beat, or capital return announced.
Titan Mining Corporation (TI) operates the Empire State Mines (ESM), a 100%-owned underground zinc mine in Gouverneur, New York, which serves as the company’s primary cash flow driver. The firm is also advancing the Kilbourne Graphite Project, located less than one mile from the ESM mill. The project has progressed through pre-economic studies, a feasibility study, and demonstration plant phases, with a target of reaching 40,000 tonnes per annum of commercial production by 2028.
Additionally, Titan Mining has identified district-wide germanium enrichment in zinc ore bodies and historic tailings. The company has entered into a cooperation agreement with Teck Resources to evaluate recovery pathways for the material. On the strategic front, Titan Mining holds U.S. Army Enhanced Use Lease (EUL) agreements for graphite purification facilities at the Pine Bluff Arsenal in Arkansas and the Anniston Army Depot in Alabama.