Tillkännagivande • Jul 15

Titan Mining Corporation Validates Kilbourne Graphite Concentrator Flowsheet and Achieves Battery-Grade Purity

Titan Mining Corporation announced positive results across its full graphite processing chain for the Kilbourne Graphite Project, from ore concentration through to battery-grade spherical graphite. The results confirm the Company's Preliminary Economic Assessment (PEA) design assumptions at the concentrator and demonstrate battery-grade purity and above-average yields at the downstream pilot stage. Locked-cycle testing produced a 95.9% C(t) graphite concentrate at 91.4% recovery, exceeding the PEA design basis of 95% concentrate grade and 90% recovery. Metallurgical test work selected for the preferred purification flowsheet for the Feasibility Study, consistently producing battery-grade purified graphite (99.90% Fixed Carbon). Approximately 66% of concentrate converted into spherical graphite products, exceeding the industry average of approximately 50%. Engineering of both the concentrator and Secondary Transformation Plant continues to advance as part of the Feasibility Study. Ongoing production at plant with design capacity of 1,200 mt per annum, is generating representative Kilbourne concentrate for downstream pilot campaigns, customer qualification and commercial-scale engineering. Titan completed a metallurgical optimization program at SGS Lakefield to refine the concentrator design for the Kilbourne Graphite Project. The optimized flowsheet closely aligns with the PEA design, requiring only minor refinements to further improve performance. Locked-cycle flotation testing produced a 95.9% C(t) graphite concentrate at 91.4% graphite recovery, exceeding the PEA design basis of 95% concentrate grade and 90% recovery. Flake size distribution also closely matched PEA assumptions, providing further confidence in the concentrator design. Variability testing across representative ore types is ongoing to support the final engineering design. Engineering of the concentrator continues to advance, with vendor testing underway to finalize equipment sizing. The Empire State Mine demonstration plant continues producing graphite concentrate to support downstream pilot campaigns and customer qualification activities. Metallurgical test work has confirmed the preferred purification flowsheet for the Secondary Transformation Plant, consistently producing 99.90% Fixed Carbon purified micronized graphite (PMG). A thermal pretreatment step combined with the selected purification process achieved 99.99% Fixed Carbon for spherical purified graphite (SPG), supporting its suitability for lithium-ion battery applications. The program also demonstrated an approximate 66% conversion of graphite concentrate into spherical graphite products, significantly above the industry average of approximately 50%. Representative SPG products have been dispatched for specialist coating and electrochemical testing as part of ongoing customer qualification activities. Three tonnes of representative Kilbourne graphite concentrate are being prepared for shipment to Dorfner Anzaplan in Germany for the next pilot-scale production campaign. Engineering of the Secondary Transformation Plant and evaluation of its preferred site location continue as part of the Feasibility Study. The Company also continues to progress the evaluation of the preferred site location for the Secondary Transformation Plant, as outlined in its June 25, 2026 news release. The scientific and technical information contained in this news release (other than in respect of the secondary transformation site) has been reviewed and approved by Oliver Peters, P.Eng., M.Sc., MBA, a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The scientific and technical information contained in this news release related to the secondary transformation site has been reviewed and approved by Derick de Wit, FAusIMM, a Qualified Person as defined by NI 43-101. The Qualified Person has verified the metallurgical data disclosed in this news release, including sampling information, laboratory test procedures, analytical results, calculations, and interpretations underlying the technical information presented. Verification activities included a review of sample selection and compositing procedures, chain-of-custody records, laboratory certificates, test protocols, analytical methodologies, mass balance calculations, and the reported metallurgical results. The Qualified Person also reviewed the consistency of the reported results with the underlying laboratory data and confirmed that the conclusions presented are supported by the testwork completed. The metallurgical testwork program was conducted under a quality assurance and quality control ("QA/QC") program designed by SGS Lakefield to ensure the reliability of the results. Test procedures were developed and executed in accordance with industry-standard laboratory practices. Equipment calibration, procedural checks, duplicate analyses, and internal laboratory quality control measures were utilized, where appropriate, throughout the program. Sample preparation, handling, and testing were conducted under controlled laboratory conditions, and all analytical results were reviewed for reasonableness and internal consistency. The metallurgical samples utilized for testing were selected to be representative of the mineralization and material types under evaluation; however, metallurgical performance can vary throughout a deposit due to changes in mineralogy, grade, weathering, and other geological factors. As with all laboratory-scale testwork, the results reported herein may not be fully representative of future plant-scale performance. Factors that may materially affect the accuracy or reliability of the reported results include sample representativity, variability in feed characteristics, analytical precision, test conditions, scale-up assumptions, and process operating parameters. The metallurgical testwork was conducted by SGS in Lakefield, Ontario, Canada. The laboratory is independent of the Company. Testing was performed on a Master composite weighing approximately 200 kg. The test program included comminution testing and laboratory flotation testing. Analytical determinations were completed using industry-standard methods appropriate for the material and products under evaluation, including carbon analysis, sulphur analysis, ICP-OES, XRF, and particle size analysis. The Qualified Person considers the analytical and metallurgical procedures used in the program to be appropriate for the objectives of the testwork and the nature of the mineralization being evaluated.

Tillkännagivande • Jul 07

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.

Räntetäckningsgrad	4.2x
Kontanter	US$13.82m
Eget kapital	US$18.67m
Summa skulder	US$57.92m
Totala tillgångar	US$76.59m

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/07/19 19:52
Aktiekurs vid dagens slut	2026/07/17 00:00
Intäkter	2026/03/31
Årlig intjäning	2025/12/31

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

Analytiker	Institution
Dalton Baretto	Canaccord Genuity
Heiko Ihle	H.C. Wainwright & Co.
Tate Sullivan	Maxim Group

Titan Mining Balansräkning Hälsa

Finansiell hälsa kriterier kontrolleras 4/6

Viktig information

Nya uppdateringar om finansiell hälsa

Here's Why Titan Mining (TSE:TI) Can Manage Its Debt Responsibly

Does Titan Mining (TSE:TI) Have A Healthy Balance Sheet?

Titan Mining Corporation Auditor Raises 'Going Concern' Doubt

Is Titan Mining (TSE:TI) Using Debt Sensibly?

Is Titan Mining (TSE:TI) A Risky Investment?

Titan Mining (TSE:TI) Has A Somewhat Strained Balance Sheet

Recent updates

Titan Mining Corporation Validates Kilbourne Graphite Concentrator Flowsheet and Achieves Battery-Grade Purity

Titan Mining Corporation Provides Update on Germanium Evaluation Program At Empire State Mines

Titan Mining Corporation Announces Chief Financial Officer Changes

Titan Mining Corporation Announces CFO Changes

First quarter 2026 earnings released: US$0.14 loss per share (vs US$0.004 profit in 1Q 2025)

Titan Mining Corporation to Report Q1, 2026 Results on May 13, 2026

Titan Mining Corporation Extends Kilbourne Graphite Mineralization and Advances Germanium and the 2026 Multi-Commodity Exploration Strategy

Titan Mining Corporation, Annual General Meeting, Jun 25, 2026

Full year 2025 earnings released: US$0.001 loss per share (vs US$0.072 profit in FY 2024)

Titan Mining Corporation Commences Shipping of First Graphite Product and Launches Feasibility Study for Kilbourne Graphite Project

Investor sentiment improves as stock rises 25%

Executive Chairman recently bought CA$115k worth of stock

Titan Mining Corporation Announces U.S. Imposes Duties on Chinese Graphite, Boosting Domestic Natural Graphite Production

Titan Mining Corporation Provides Production Guidance for the Full Year 2026

Investor sentiment deteriorates as stock falls 19%

Titan Mining Corporation has filed a Follow-on Equity Offering in the amount of $50 million.

Titan Mining Launches Made-In-America Graphite Production as U.S. Moves to Secure Critical Minerals

Investor sentiment improves as stock rises 33%

Titan Mining Corporation's (TSE:TI) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Investor sentiment improves as stock rises 16%

Titan Mining Corporation announced that it has received CAD 20.666665 million in funding

Titan Mining Corporation announced that it expects to receive CAD 20.666665 million in funding

Titan Mining Commences Graphite Processing At Empire State Mines in New York

Titan Mining Corporation Announces Positive Results from Its Preliminary Economic Assessment for the Kilbourne Graphite Project

Investor sentiment improves as stock rises 19%

Under The Bonnet, Titan Mining's (TSE:TI) Returns Look Impressive

Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.054 loss in 3Q 2024)

Here's Why Titan Mining (TSE:TI) Can Manage Its Debt Responsibly

Investor sentiment improves as stock rises 20%

Titan Mining Corporation Announces the Discovery of Significant Concentrations of Germanium

Investor sentiment improves as stock rises 34%

Titan Mining Corporation (TSE:TI) Stock Catapults 27% Though Its Price And Business Still Lag The Industry

Titan Mining Announces Commissioning Readiness of U.S. Graphite Facility with Support From Federal and State Leaders

Executive Chairman exercised options to buy CA$212k worth of stock.

Investor sentiment improves as stock rises 16%

Titan Mining Corporation Announces Board Changes

Titan Mining Graphite Testwork Demonstrates Product Meets Battery, Industrial and Defense Specifications

Investor sentiment deteriorates as stock falls 15%

Second quarter 2025 earnings released: EPS: US$0.004 (vs US$0.019 in 2Q 2024)

CEO & Director exercised options to buy CA$109k worth of stock.

Investor sentiment improves as stock rises 36%

Titan Mining Corporation Provides an Update on the Construction of Its Graphite Processing Facility for Its Kilbourne Graphite Project At Empire State Mines Llc

Does Titan Mining (TSE:TI) Have A Healthy Balance Sheet?

There's No Escaping Titan Mining Corporation's (TSE:TI) Muted Revenues Despite A 27% Share Price Rise

Shareholders Would Enjoy A Repeat Of Titan Mining's (TSE:TI) Recent Growth In Returns

First quarter 2025 earnings released: EPS: US$0.003 (vs US$0.019 loss in 1Q 2024)

Titan Mining Corporation Provides Exploration Update

Titan Mining Corporation Announces Chief Financial Officer Changes

New major risk - Financial position

Titan Mining Corporation, Annual General Meeting, Jun 25, 2025

Titan Mining Corporation Auditor Raises 'Going Concern' Doubt

New minor risk - Financial position

Full year 2024 earnings released: EPS: US$0.048 (vs US$0.074 loss in FY 2023)

Improved Revenues Required Before Titan Mining Corporation (TSE:TI) Shares Find Their Feet

Titan Mining Corporation Provides Production Guidance for the Full Year 2025

Titan Mining Announces Phase III Metallurgy Results and Outlines Plans for Natural Flake Graphite Processing Facility in New York State

Titan Mining Corporation Announces District Scale Exploration Plans and Extended Life of Mine Plan At Its 100% Owned Empire State Mines

Titan Mining Corporation Announces Maiden Mineral Resource Estimate for 100% Owned Kilbourne Graphite Project At the Empire State Mine

There Is A Reason Titan Mining Corporation's (TSE:TI) Price Is Undemanding

Price target increased by 40% to CA$0.35

Insufficient new directors

Titan Mining Corporation Appoints Rita Adiani as President from Mid-October 2024

Titan Mining Corporation Suspends ESM Operations Following Flooding from Tropical Storm Debby

Titan Mining Corporation Completes Phase I Drilling at the Kilbourne Graphite Project, Additional Assays Returned Including 3.6% Graphitic Carbon

Lacklustre Performance Is Driving Titan Mining Corporation's (TSE:TI) 33% Price Drop

New major risk - Share price stability

First quarter 2024 earnings released: US$0.019 loss per share (vs US$0.008 profit in 1Q 2023)

New minor risk - Share price stability

Titan Mining Corporation, Annual General Meeting, Jun 25, 2024