お知らせ • 4h
Titan Mining Corporation Provides Update on Germanium Evaluation Program At Empire State Mines
Titan Mining Corporation provided an update on its germanium (Ge) evaluation program at its 100%-owned Empire State Mines property. A property-wide reconnaissance program has confirmed elevated germanium across the Balmat-Edwards mineral system, in both primary zinc ore and historic tailings, establishing district-wide enrichment as a characteristic of the system rather than a localized occurrence. Sampling across six underground ore bodies and two historic tailings facilities confirmed elevated germanium across the Balmat-Edwards zinc system. Priority targets identified include 18.8 million short tons (internal engineering estimate) at Number 4 tailings, with five samples ranging from 18.1 to 31.3 ppm; 4.97 million short tons (based on historical mill production records) at Edwards tailings facility, with two samples ranging from 30.1 to 44.7 ppm; and 600,000 short tons in the current mineral resource estimate at Mud Pond Main, with three samples ranging from 4.5 to 85.6 ppm. Enrichment was confirmed across all sampled zones: individual characterization sample results by zone are summarized as follows: Upper Mahler (MWD) 26.1 32.3; Lower Mahler (LMA) 11.4 81.1; New Fold 8.7 49.7; N2D 5.0 20.6; Mud Pond Apron 4.6 18.1; Mud Pond Main 4.5 85.6; Number 4 Tailings 18.1 31.3; Edwards Tailings 30.1 44.7. Current germanium prices are approximately USD 6,000/kg (USD 6/g; 1 ppm = 1 g/t), with demand expected to benefit from growth in semiconductor, AI, defense and fiber optic technologies. The Company has completed a targeted characterization sampling program across six underground ore bodies within the Empire State Mines zinc Mineral Resource Estimate to evaluate the potential for germanium as a recoverable by-product element. Three samples were collected from within the defined mineralized domain of each ore body and analyzed for germanium. Additionally, five samples were collected by auger sampling of the upper horizon of the Number 4 Tailings, and two auger samples were collected from the upper horizons of the Edwards Tailings. Table 1 summarizes germanium assay results by ore body. Table 2 summarizes germanium assay results from the Company's historic tailings facilities. Table 1: Zinc Mineral Resource Estimate and Germanium Assay Results by Ore Body: Upper Mahler (MWD) Indicated 142.1 16.95 32.3 ppm 30.4 ppm 26.1 ppm; Inferred 306.8 15.52; Lower Mahler (LMA) Measured 104.3 19.51 81.1 ppm 14.3 ppm 11.4 ppm; Indicated 389.2 19.44; Inferred 608.4 16.32; New Fold Measured 111.4 19.71 49.7 ppm 22.2 ppm 8.7 ppm; Indicated 218.4 17.04; Inferred 354.3 17.39; N2D Measured 66.1 9.61 20.6 ppm 14.0 ppm 5.0 ppm; Indicated 115.8 10.98; Inferred 598.2 9.37; Mud Pond Apron Indicated 98.3 13.86 18.1 ppm 6.2 ppm 4.6 ppm; Inferred 128.5 12.3; Mud Pond Main Indicated 42.1 10.21 85.6 ppm 74.2 ppm 4.5 ppm; Inferred 555.9 10.54. Table 2: Historic Tailings Facilities - Internal Estimates and Germanium Assay Results: Number 4 Tails ~18,824,000 Internal engineering estimate (Kilbourne PEA) 31.3 ppm 25.8 ppm 22.5 ppm 21.4 ppm 18.1 ppm; Edwards Tails ~4,970,000 Historical mill production records 44.7 ppm 30.1 ppm. The Company has completed a targeted characterization sampling program across six underground ore bodies within the Empire State Mines zinc Mineral Resource Estimate to evaluate the potential for germanium as a recoverable by-product element. Three samples were collected from within the defined mineralized domain of each ore body and analyzed for germanium. Additionally, five samples were collected by auger sampling of the upper horizon of the Number 4 Tailings, and two auger samples were collected from the upper horizons of the Edwards Tailings. Having now confirmed germanium across multiple ore bodies and tailings facilities, the Company's germanium program advances to: 1. Prioritization, based on existing data and running concurrently with deportment studies to focus resources on bodies and process streams showing the strongest germanium values. 2. Mineral deportment and mineralogical studies, to identify the specific host mineral phases for germanium within respective settings. 3. Recovery test work, to evaluate processing options best suited to the mineralogy of the host mineral phase, with continued evaluation of scavenger and pre-float tailings streams progressing in parallel under the Teck cooperation agreement announced May 13, 2026. Deportment and mineralogical studies are underway to determine the most capital-efficient recovery pathway. The Company expects to provide further updates on the program as results from this work become available. Samples were collected by Empire State Mines' personnel following documented chain of custody procedures and submitted to ALS, an accredited independent laboratory, for analysis. Germanium and multi-element contents were determined by sodium peroxide fusion with an inductively coupled plasma mass spectrometry (ICP-MS) finish (method ME-MS89L), with a rare earth element package added to the analytical suite. ALS inserted certified reference materials (AMIS0341, AMIS0684, GTA-05, OREAS 146, and SY-5 for SD26171672; AMIS0341, AMIS0684, and SY-5 for SD26193076), blanks, and pulp duplicates as part of its standard laboratory QC program. All reference materials returned values within certified acceptance limits for germanium, with the exception of OREAS 146 in batch SD26171672, which returned germanium below the detection limit against a certified range of 4.6 7.2 ppm. Given the REE-concentrate matrix of OREAS 146 and the consistent performance of the remaining four reference standards, the Company considers this result to reflect a matrix-compatibility limitation of that standard rather than an analytical error.