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Titan Delivers Sturdy Q3 Outcomes and Nears Development Completion of Graphite Facility

EditorialBy EditorialNovember 5, 2025No Comments13 Mins Read

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Titan Mining Company (TSX: TI,OTC:TIMCF, OTCQB: TIMCF (1) ) (“Titan” or the “Firm”), an current zinc focus producer in upstate New York and an rising pure flake graphite producer, a key element within the broader uncommon earths and important minerals ecosystem, at present introduced robust monetary and operational outcomes for the three months ended September 30, 2025.

HIGHLIGHTS ( 2 ) :

Working and Monetary Efficiency:

  • Zinc manufacturing : 14.6 million payable kilos for the quarter, representing a rise of over 76% from Q3 2024; 45.5 million lbs yr so far
  • Revenues : $16.8 million, up 102% from Q3 2024
  • Money Prices: C1 money prices of $1.01/lb, (-23% YoY), AISC of $1.13/lb (-16% YoY)
  • Working money movement : $5.0 million in Q3, $7.1 million year-to-date
  • Security: Continued robust security efficiency with zero misplaced time accidents
  • Exploration : Accomplished 35 drill holes totaling 12,803 toes throughout underground and floor applications

Strategic and Company Developments:

  • US EXIM Financing Milestone: Secured $15.8 million US EXIM Financial institution credit score facility underneath the Make Extra in America program , the company’s first direct mining funding supporting ESM’s enlargement and important minerals improvement
  • Graphite Undertaking Momentum:
    • Impartial testing, demonstrating Kilbourne graphite meets specs for battery-grade (99.99% purity spherical graphite), industrial, and protection functions
    • Obtained Letter of Curiosity from US EXIM Financial institution for as much as $120 million for the development of 40,000 tonne-per-year business graphite facility at Kilbourne
    • Graphite demonstration facility commissioning initiated; on monitor for This autumn 2025 completion and buyer qualification in Q1 2026
  • Germanium Alternative : Recognized important concentrations of Germanium on the Empire State Mine throughout the current zinc-processing circuit, with preliminary plant-feed at 21 g/t enriched to 77 g/t pre-float
  • Capital Markets: Obtained NYSE American pre-clearance in October 2025, a key step in increasing U.S investor entry

(1) OTCQB image briefly modified to “TIMCD” attributable to consolidation per FINRA guidelines; anticipated to revert to “TIMCF” after 20 enterprise days except NYSE American itemizing turns into efficient first.
(2) Until famous in any other case, all financial figures are expressed in U.S. {dollars}.

Rita Adiani, President and Chief Govt Officer, commented: ” This quarter marks a serious inflection level for Titan. We’re delivering zinc manufacturing whereas advancing our transition into different essential minerals. Our graphite has been independently validated for high-spec battery, industrial, and protection markets, and commissioning is now underway at our demonstration facility, the primary end-to-end pure graphite manufacturing within the U.S. in over 70 years. The US EXIM Letter of Curiosity for as much as $120 million, a considerable portion of the anticipated preliminary development capital, offers a transparent, capital-efficient path to business manufacturing, aligning Titan with U.S. supply-chain and defense-industrial priorities. With NYSE pre-clearance now in hand, we’re properly positioned to broaden our shareholder base and seize the subsequent section of development .”

TABLE 1 Monetary and Working Highlights

2025
Q3 Q2 Q1 YTD
Working
Payable zinc produced mlbs 14.64 15.51 15.37 45.52
Payable zinc bought mlbs 13.81 16.04 15.57 45.42
Common Realized Zinc Value $/lb 1.29 1.20 1.29 1.26
C1 Price (1) $/lb 1.01 0.90 0.91 0.93
AISC (1) $/lb 1.13 0.90 0.96 0.99
Monetary
Income $m 16.78 16.34 16.02 49.14
Web Revenue (loss) after tax $m 0.08 0.54 0.35 0.97
Earnings (loss) per share- primary $/sh 0.00 0.00 0.01 0.01
Money Movement from Working Actions earlier than adjustments in non-cash working capital $m 2.15 2.36 2.69 7.20
Money Movement from Working Actions after adjustments in non-cash working capital $m 5.02 1.82 0.20 7.05
Monetary Place
Money & Money Equivalents $m 4.3 8.1 12.2 4.30
Web Debt (1) $m 25.1 24.2 23.1 25.10

(1) C1 Money Price, All-In Sustaining Price (“AISC”) and Web Debt are non-GAAP measures. Accordingly, these monetary measures usually are not standardized monetary measures underneath IFRS and won’t be similar to related monetary measures disclosed by different issuers. These monetary measures have been calculated on a foundation per historic intervals. Info explaining these non-GAAP measures is offered under underneath “Non-GAAP Efficiency Measures”.

ZINC OPERATIONS REVIEW
Mining through the quarter continued within the Mahler, New Fold, and Mud Pond zones on the #4 mine. A haul truck incident and subsequent mechanical downtimes on two others briefly decreased haulage availability within the N2D zone; nevertheless, operations had been rapidly stabilized. A brand new 40-ton underground haul truck was delivered and commissioned early in This autumn, with a second unit anticipated in late November, enabling manufacturing from N2D to renew in Q1 2026. Extraction of high-grade pillars in Decrease Mahler and longhole stoping in New Fold delivered above-target grades in September of 8.3%, offsetting decrease grades earlier within the quarter. Mining will proceed in these key excessive grade zones by This autumn 2025 as haulage capability constraints are addressed.

GRAPHITE UPDATE
Development of the Kilbourne graphite demonstration plant continued by the quarter, with commissioning actions initiated and first focus anticipated in This autumn 2025. The power, which can course of Kilbourne ore to supply flake graphite focus for downstream qualification, would be the first to supply pure flake graphite end-to-end within the U.S. in over 70 years. The demonstration pit was absolutely permitted in Q2, and mining started in Q3 with 15,000 tons of ore damaged, 8,000 tons hauled to stockpile, and 500 tons crushed for preliminary plant feed.

EXPLORATION UPDATE
A complete of 12,803 ft of exploration drilling was accomplished comprising of underground exploration drilling and floor drilling at Pork Creek. The drill rig has been mobilized to the Parish prospect for This autumn drilling. At Kilbourne, step out drilling has been initiated to check the outer conceptual pit limits.

Scientific and Technical Info (Zinc)
The scientific and technical info contained on this information launch associated to the Firm’s zinc operations has been reviewed and authorized by Donald R. Taylor, MSc., PG, Vice Chair of the Board of Administrators of the Firm. Mr. Taylor is a certified individual for the needs of NI 43-101. Mr. Taylor has greater than 25 years of mineral exploration and mining expertise and is a Registered Skilled Geologist by the SME (Registered Member #4029597).

Mr. Taylor has a fulsome workers of consultants on-site that completely overview and confirm ESM technical zinc information regularly. Seek advice from the Firm’s technical report dated titled “Empire State Mines 2024 NI 43-101 Technical Report Replace” with an efficient date of December 3, 2024, for extra info on information verification procedures. For that reason, Mr. Taylor has relied fully on such verification procedures for verifying the scientific and technical zinc information on this information launch.

Scientific and Technical Info (Graphite and Germanium)
Seek advice from the Firm’s information launch titled, “Titan Mining Graphite Testwork Demonstrates Product Meets Battery, Industrial and Protection Specs” dated August 28, 2025, for extra info concerning the Firm’s graphite testwork.

Seek advice from the Firm’s information launch titled, “Titan Mining Finds Vital Concentrations of Germanium at its Empire State Mine in New York” dated October 25, 2025, for extra info concerning the Firm’s germanium discovery.

Non-GAAP Efficiency Measures
This doc contains non-GAAP efficiency measures, mentioned under, that would not have a standardized which means prescribed by IFRS. The efficiency measures might not be similar to related measures reported by different issuers. The Firm believes that these efficiency measures are generally utilized by sure traders, along with standard GAAP measures, to boost their understanding of the Firm’s efficiency. The Firm makes use of these efficiency measures extensively in inner decision-making processes, together with to evaluate how properly the Empire State Mine is performing and to help within the evaluation of the general effectivity and effectiveness of the mine web site administration workforce. The tables under present a reconciliation of those non-GAAP measures to probably the most straight comparable IFRS measures as contained throughout the Firm’s issued monetary statements.

C1 Money Price Per Payable Pound Bought
C1 money price is a non-GAAP measure. C1 money price represents the money price incurred at every processing stage, from mining by to recoverable metallic delivered to clients, together with mine web site working and normal and administrative prices, freight, remedy and refining prices.

The C1 money price per payable pound bought is calculated by dividing the full C1 money prices by payable kilos of metallic bought.

All-in Sustaining Prices
AISC measures the estimated money prices to supply a pound of payable zinc plus the estimated capital sustaining prices to take care of the mine and mill. This measure contains the C1 money price and capital sustaining prices divided by kilos of payable zinc bought. AISC doesn’t embrace depreciation, depletion, amortization, reclamation and exploration bills.

Q3 2025 Q3 2024
$ $/lb $ $/lb
Kilos of payable zinc bought (hundreds of thousands) 13.8 8.2
Working bills and promoting prices $ 12,188 $ 0.88 $ 9,206 $ 1.12
Focus smelting and refining prices $ 1,752 $ 0.13 $ 1,665 $ 0.20
Complete C1 money price $ 13,940 $ 1.01 $ 10,871 $ 1.32
Sustaining capital expenditures $ 1,663 $ 0.12 $ 226 $ 0.03
AISC $ 15,603 $ 1.13 $ 11,137 $ 1.35


Web Debt

Web debt is calculated because the sum of the present and non-current parts of long-term debt, web of the money and money equal steadiness as on the steadiness sheet date. A reconciliation of web debt is offered under.

As at
September 30, 2025
As at
December 31, 2024
Present portion of debt $ 7,578 $ 32,081
Non-current portion of debt 21,768 –
Complete debt $ 29,346 $ 32,081
Much less: Money and money equivalents (4,285 ) (10,163 )
Web debt $ 25,061 $ 21,918


About Titan Mining Company

Titan is an Augusta Group firm which produces zinc focus at its 100%-owned Empire State Mine positioned in New York state. Titan can also be an rising pure flake graphite producer and concentrating on to be the USA’s first finish to finish producer of pure flake graphite in 70 years. Titan’s purpose is to ship shareholder worth by operational excellence, improvement and exploration. Now we have a robust dedication in the direction of creating essential minerals property which improve the safety of the home provide chain. For extra info on the Firm, please go to our web site at www.titanminingcorp.com

Media & Investor Contact

Irina Kuznetsova
Director, Investor Relations
Cellphone: (778) 870-7735
E mail: data@titanminingcorp.com

Cautionary Word Concerning Ahead-Wanting Info

Sure statements and knowledge contained on this new launch represent “forward-looking statements”, and “forward-looking info” throughout the which means of relevant securities legal guidelines (collectively, “forward-looking statements”). These statements seem in plenty of locations on this information launch and embrace statements concerning our intent, or the beliefs or present expectations of our officers and administrators, together with that the US EXIM Letter of Curiosity for as much as $120 million, a considerable portion of the anticipated preliminary development capital, offers a transparent, capital-efficient path to business manufacturing, aligning Titan with U.S. supply-chain and defense-industrial priorities; with NYSE pre-clearance now in hand, we’re properly positioned to broaden our shareholder base and seize the subsequent section of development; a second haul truck is anticipated in late November, enabling manufacturing from N2D to renew in Q1 2026; mining will proceed in the important thing excessive grade zones of Decrease Mahler and New Fold by This autumn 2025 as haulage capability constraints are addressed; first graphite focus anticipated in This autumn 2025; the power, which can course of Kilbourne ore to supply flake graphite focus for downstream qualification, would be the first to supply pure flake graphite end-to-end within the U.S. in over 70 years; and the character and timing of future exploration drilling. When used on this information launch phrases comparable to “to be”, “will”, “deliberate”, “anticipated”, “potential”, and related expressions are supposed to determine these forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements and/or info are cheap, undue reliance shouldn’t be positioned on forward-looking statements for the reason that Firm can provide no assurance that such expectations will show to be appropriate. These statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes or occasions to fluctuate materially from these anticipated in such forward-looking statements, together with dangers referring to price will increase for capital and working prices; dangers of shortages and fluctuating prices of kit or provides; dangers referring to fluctuations within the worth of zinc and graphite; the inherently hazardous nature of mining-related actions; potential results on our operations of environmental rules in New York State; dangers attributable to authorized proceedings; dangers that the Firm is not going to qualify for NYSE itemizing; financing approval dangers; and dangers associated to operation of mining tasks usually and the dangers, uncertainties and different elements recognized within the Firm’s periodic filings with Canadian securities regulators. Such forward-looking statements are based mostly on varied assumptions, together with assumptions made with regard to our forecasts and anticipated money flows; our projected capital and working prices; our expectations concerning mining and metallurgical recoveries; mine life and manufacturing charges; that legal guidelines or rules impacting mining actions will stay constant; our authorized enterprise plans; our mineral useful resource estimates and outcomes of our technical research; our expertise with regulators; political and social help of the mining business in New York State; our expertise and data of the New York State mining business and our expectations of financial circumstances and the worth of zinc and graphite; demand for graphite; exploration outcomes; the flexibility to safe satisfactory financing (as wanted); the Firm sustaining its present technique and goals; assumptions that the Firm will qualify for NYSE American itemizing; assumptions that the Firm and EXIM will conform to financing phrases; and the Firm’s skill to attain its development goals. Whereas the Firm considers these assumptions to be cheap, based mostly on info presently out there, they might show to be incorrect. Besides as required by relevant legislation, we assume no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained herein to mirror precise outcomes, future occasions or developments, adjustments in assumptions or adjustments in different elements affecting the forward-looking statements. If we replace any a number of forward-looking statements, no inference needs to be drawn that we are going to make extra updates with respect to these or different forward-looking statements. You shouldn’t place undue significance on forward-looking statements and mustn’t depend on these statements as of another date. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.

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