Titan Mining Begins U.S. Graphite Production at New York Facility

Dow Jones Newswires

By Connor Hart

Titan Mining has begun producing natural flake graphite concentrate at a facility in upstate New York, a move the company said marks the first step toward re-establishing a domestic graphite supply chain for the first time in more than 70 years.

The start of production comes after the White House issued an executive order calling for increased domestic mining of processed critical minerals and their derivative products, including natural graphite.

"Titan is aligned with the federal government's clear policy direction: rebuilding secure, end-to-end U.S. supply chains for critical minerals," Chief Executive Rita Adiani said Monday.

Titan said the Kilbourne demonstration facility, located within its existing Empire State Mine infrastructure, is designed to produce about 1,200 metric tons of graphite concentrate annually. Initial production will be used for customer and government qualification programs as the company advances toward commercial-scale output.

The company is developing the Kilbourne Graphite Project with a long-term target production rate of about 40,000 metric tons a year, which it said could supply a substantial portion of current U.S. natural graphite demand.

Titan added that it continues discussions with the Export Import Bank of the U.S. regarding a previously disclosed nonbinding letter of interest for a $120 million loan facility to support project development. The company said it is also engaged with other federal agencies on potential complementary funding.

Write to Connor Hart at connor.hart@wsj.com

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Canada Net Change Percentage Gainers & Losers

Dow Jones Newswires

Galaxy Digital Inc. Class A Common Stock

Titan Mining Corporation

-5.43%

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Titanium Transportation     TTNM      2.18     0.60     37.97       525,897 
Titan Mining                  TI      5.61     1.22     27.68       900,665 
Lucara Diamond               LUC     0.255     0.06     27.50     4,473,779 
Conifex Timber               CFF      0.15     0.02     15.38       396,007 
Novo Resources               NVO      0.16     0.02     14.29       798,833 
Haivision Systems            HAI      6.45     0.76     13.36       162,053 
Galaxy Digital              GLXY     43.83     4.71     12.04       739,565 
NextSource Materials        NEXT      0.53     0.06     11.58       245,009 
Enthusiast Gaming Hldgs     EGLX      0.05     0.01     11.11        24,340 
Profound Medical             PRN     11.71     0.99      9.24        16,989 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Belo Sun Mining              BSX      0.47    -0.25    -34.72     4,650,093 
Bengal Energy                BNG      0.01    -0.01    -33.33        26,836 
Velan                        VLN     14.95    -3.84    -20.44       153,528 
Corus Entertainment Cl B   CJR.B     0.035    -0.01    -12.50       249,860 
Aya Gold & Silver            AYA     22.33    -1.85     -7.65     2,318,877 
Satellos Bioscience         MSCL      0.88    -0.07     -7.37       102,631 
Galiano Gold                 GAU      3.77    -0.29     -7.14       338,418 
Alamos Gold                  AGI     55.63    -4.05     -6.79       735,050 
iFabric                      IFA      1.80    -0.13     -6.74         4,962 
Avicanna                    AVCN     0.215    -0.02     -6.52       110,000 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data

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Titan Mining Gets $15 Million Investment to Accelerate Graphite Development in New York

Dow Jones Newswires

Titan Mining Corporation

-5.43%

By Robb M. Stewart

Titan Mining landed $15 million from an investor to strengthen its balance sheet and position the miner to fast-track completion next year of a feasibility study for its critical-minerals project in upstate New York.

The funding from an institutional equity investor adds to the further $5.5 million the company recently secured from Export Import Bank of the U.S. for development of Titan's Kilbourne graphite project.

Titan said the fresh investment will be completed through a private placement of about 5.7 million special warrants at a price equal to $2.25, or 3.10 Canadian dollars, apiece. Each warrant, exercisable for up to three years, will entitle the holder to receive one share of the company plus one common warrant.

The Kilbourne development is projected to produce an average of 40,000 metric tons a year of graphite concentrate, which represents nearly 50% of current U.S demand.

Titan, which last month added a listing on the NYSE American boards alongside trading in Toronto, recently began graphite processing at its Kilbourne graphite demonstration facility.

Write to Robb M. Stewart at robb.stewart@wsj.com

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Titan Mining Begins U.S. Graphite Production at New York Facility

Canada Net Change Percentage Gainers & Losers

Titan Mining Gets $15 Million Investment to Accelerate Graphite Development in New York

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