Titan Mining Corporation Closes on EXIM MMIA Feasibility Financing for Domestic Graphite Project
Titan Mining Corporation announced that its subsidiary, Empire State Mines, LLC, has entered into an amended credit agreement with the Export-Import Bank of the United States (U.S. EXIM) for up to US$5.5 million in non-dilutive financing. This funding, provided under EXIM’s Make More in America Initiative (MMIA), will support feasibility work at the Company’s Kilbourne Graphite Project in upstate New York. This marks the first feasibility study support issued by U.S. EXIM under MMIA for a domestic critical minerals project, underscoring federal support for U.S. graphite supply chains. The financing features a competitive interest rate of approximately 6.26% and matures in September 2032, with interest-only payments for the first 24 months. This facility will accelerate resource drilling, metallurgical testing, and engineering programs, advancing the Kilbourne project towards construction readiness and strengthening Titan Mining's critical minerals platform in the U.S.