Titan Mining receives $15M (U.S.) investment

Ms. Rita Adiani reports TITAN MINING RECEIVES US$15 MILLION INVESTMENT FROM A LEADING INSTITUTIONAL INVESTOR TO ACCELERATE U.S GRAPHITE DEVELOPMENT IN NEW YORK Titan Mining Corp. has obtained a $15-million (U.S.) investment from a leading institutional equity investor, strengthening the company's balance sheet and accelerating development of its Kilbourne graphite project in New York state. The investment, together with the previously announced $5.5-million (U.S.) U.S. EXIM Bank support, positions Titan to fast track completion of the Kilbourne graphite feasibility study in 2026 and advance the project toward construction. Highlights $15-million (U.S.) strategic investment by way of private placement of special warrants from a leading institutional investor at $2.25 (U.S.)/$3.10 per special warrant; Accelerates feasibility and development of one of the most advanced United States natural graphite projects; Structured to align investor upside with a meaningful increase in Titan's share price; Warrants exercisable in two equal tranches at 35-per-cent and 65-per-cent premiums to the issue price; Company-controlled features designed to optimize further access to funding as valuation advances. "This investment from a top-tier institutional investor is a clear endorsement of Titan's strategy to re-establish a domestic graphite supply chain," said Rita Adiani, president and chief executive officer of Titan. "With this support, we can accelerate development of the Kilbourne graphite project and advance our mission of strengthening U.S. critical minerals security." The investment will be completed through a private placement of 6,666,666 special warrants at a price equal to $2.25 (U.S.)/$3.10 per special warrant. Each special warrant will entitle the holder, for no additional consideration and upon the satisfaction of certain conditions, to receive one common share of the company and one common share purchase warrant. Maxim Group LLC is acting as the exclusive placement agent in connection with the offering. The warrants will be exercisable for up to three years in two tranches with 50 per cent of the warrants exercisable at a 35-per-cent premium to the issue price and the remaining warrants exercisable at a 65-per-cent premium to the issue price. The company may call the warrants if its common shares trade at greater than 150 per cent of the applicable exercise price for 15 trading days within any 30-day period, upon 30 days of prior notice. Following a call notice, holders must exercise the warrants or forfeit them. About Titan Mining Corp. Titan is an Augusta Group company which produces zinc concentrate at its 100-per-cent-owned Empire State mine located in New York state. Titan is also an emerging natural flake graphite producer and targeting to be the U.S.'s first end to end producer of natural flake graphite in 70 years. Titan's goal is to deliver shareholder value through operational excellence, development and exploration. The company has a strong commitment toward developing critical minerals assets which enhance the security of the domestic supply chain. We seek Safe Harbor.