Titan Mining Closes on First-of-Its-Kind EXIM MMIA Feasibility Financing for Domestic Graphite Project
Titan Secures Federal Backing to Bridge the Graphite Gap as Kilbourne Moves to Feasibility
On December 23, 2025, Titan Mining announced the closing of a US$5.5 million credit facility from the Export-Import Bank of the United States (EXIM) under the "Make More in America" initiative. This specific facility is dedicated to funding the Feasibility Study (FS) for the Kilbourne Graphite Project in New York. The funds will cover resource drilling, metallurgical testing, and engineering, with the FS targeted for completion in 2026. This follows a US$15 million institutional private placement closed on December 18, 2025, at US$2.25 per unit.
The news is Material - Positive as it represents the first-ever EXIM financing for a domestic critical minerals feasibility study. While the US$5.5 million amount is relatively small compared to the company’s market cap, the implications are significant: - Non-Dilutive Capital: The facility provides essential development capital without further diluting shareholders, following the recent US$15 million equity raise. - Federal De-risking: This is the third major show of support from EXIM (following a US$15.8M zinc loan and a US$120M Letter of Interest for construction). It signals that the U.S. government is deeply committed to Kilbourne as a strategic domestic asset. - Path to Construction: Completion of the FS is the prerequisite for activating the US$120 million LOI for full-scale commercial construction. - Strategic Validation: By funding the FS, the federal government is effectively subsidizing the technical de-risking of a project that aims to supply 50% of U.S. natural graphite demand.
Titan Mining operates the Empire State Mine (ESM) in New York, a producing zinc mine. Its flagship growth asset is the Kilbourne Graphite Project, located adjacent to the ESM infrastructure. - Kilbourne Project: A near-surface graphite discovery with an Inferred resource of 22.4 million tons at 2.91% Cg. - Integrated Strategy: Titan intends to use its existing 5,000 tpd mill and permitted footprint to fast-track graphite production, aiming for 40,000 tonnes per annum of concentrate. - Tier-1 Jurisdiction: All operations are in New York, USA, providing a "Made in America" advantage amid tightening Chinese export restrictions.