Titan Mining Corp Dossier
Qualitative Analysis
Business overview
Titan Mining Corporation (NYSE-A: TII, TSX: TI) is an established natural resource company focused on critical minerals production and development in the United States. The company's primary operating asset is the 100%-owned Empire State Mines (ESM) complex, located in upstate New York, which produces high-grade zinc concentrate. In addition to its core zinc operations, Titan has rapidly expanded its critical minerals platform to include natural flake graphite. It operates the Kilbourne Graphite Project, co-located within the active permit area of ESM, making Titan the only end-to-end producer of natural flake graphite in the United States. Furthermore, the company is actively evaluating the recovery of germanium, another critical mineral, from its existing mine waste and process streams under a cooperation agreement with Teck Resources.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Fast-tracking the development of the co-located Kilbourne Graphite Project at the Empire State Mine complex. The initiative includes the operation of a 1,200 tonnes per annum demonstration facility (commissioned in late 2025 with production starting in early 2026) to serve as a platform for customer qualification, and the execution of a Feasibility Study for a commercial-scale 40,000 tonnes per annum integrated operation.
Expected impact: Establishes Titan as the first end-to-end producer of natural flake graphite in the United States since 1956, targeting a commercial-scale operation with robust economics (PEA outlined a $513M NPV and 37% IRR).
Evaluating the recovery of germanium from existing process and waste streams (pre-float and scavenger tailings) at the Empire State Mines process plant in collaboration with Teck Resources.
Expected impact: Unlocks incremental cash flow from material already being processed, with an initial review indicating the potential for approximately 13,000 kg/year of contained germanium, supporting the domestic supply of critical minerals for defense and semiconductors.
Executing an integrated drilling program designed to maximize capital efficiency by advancing both graphite and zinc exploration concurrently. The graphite-bearing Unit UM2 horizon acts as a structural proxy for underlying units associated with zinc mineralization, allowing the generation of zinc targets alongside graphite delineation.
Expected impact: Supports resource expansion, longer mine life, and increased development flexibility across the 120,000-acre land package, including targets like Bend, Moss Ridge, and Bostwick.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
High. Collaborates with North America's only commercial-scale facility capable of recovering germanium from primary sources (Teck's Trail Operations) to evaluate and process germanium-bearing feedstock from ESM.
Terms: The agreement contemplates the evaluation of ESM process streams for potential commercial recovery; specific financial terms of the processing and sales arrangements are subject to the outcome of the evaluation.