Titan Mining Secures $15M to Revive U.S. Graphite Production

GOUVERNEUR, NY – December 18, 2025 – In a move poised to reshape the American critical minerals landscape, Titan Mining Corporation has successfully closed a US$15 million financing deal aimed directly at ending the nation's 70-year absence from natural graphite production. The capital infusion is set to accelerate the development of its Kilbourne Graphite Project, a pivotal step in establishing a domestic supply chain for a material indispensable to the electric vehicle (EV) and renewable energy sectors.

This financing positions Titan, an established New York-based zinc producer, to become a central player in the urgent national push for supply chain security. With the U.S. currently 100% reliant on imports for natural graphite—a key component in lithium-ion batteries—the company's initiative represents a significant stride toward mineral independence and a more resilient domestic manufacturing base.

Fueling a Domestic Graphite Renaissance

The US$15 million private placement provides Titan with the financial runway to aggressively pursue its U.S. graphite strategy. The offering was completed through the issuance of 6,666,666 special warrants, priced at US$2.25 each, to institutional investors, with Maxim Group LLC acting as the exclusive placement agent. These special warrants will automatically convert into common shares and purchase warrants upon meeting certain conditions, signaling strong investor confidence in the company's vision.

“This financing puts Titan in a strong position to move Kilbourne forward with clarity and momentum,” said Rita Adiani, President & CEO of Titan Mining, in a statement accompanying the announcement. “With this capital supporting the next phase, our priority is advancing feasibility work and continuing to build a scalable, U.S.-based natural graphite platform aligned with critical supply-chain needs.”

The funds are specifically earmarked for advancing the Kilbourne Graphite Project. This involves critical next steps such as detailed engineering, environmental permitting, and finalizing economic assessments—the foundational work required to transition the project from a promising resource into a fully operational mine. For a project of this national significance, securing this capital is a de-risking event that propels it from concept to near-term reality.

The High-Stakes Race for a Critical Mineral

The strategic importance of Titan's endeavor cannot be overstated. Graphite is designated a critical mineral by the U.S. government for good reason. It is the single largest component by weight in EV batteries, with each vehicle requiring approximately 100 kilograms of high-purity coated graphite for its anode. With global demand projected to surge by as much as 600% over the next decade, securing a stable supply is a matter of economic and national security.

Currently, the U.S. is acutely vulnerable. The nation imports all of its natural graphite, with China dominating the global market, accounting for an estimated 78% of production and nearly all of the downstream processing required to create battery-grade anode material. This concentration has created a precarious dependency, which recent geopolitical tensions and Chinese export controls have brought into sharp focus.

In response, Washington has enacted powerful incentives through policies like the Inflation Reduction Act (IRA) and the Defense Production Act (DPA) to encourage and fund the onshoring of critical mineral supply chains. By aiming to be the first domestic, end-to-end producer of natural flake graphite in seven decades, Titan is directly aligning its corporate strategy with this national imperative. The company's claim is substantiated by historical data from the U.S. Geological Survey, which confirms no significant natural graphite has been mined on U.S. soil since the 1950s.

From Zinc to ZEVs: A Strategic Pivot

For Titan Mining, this move represents a calculated and transformative pivot. Already an established operator through its 100%-owned Empire State Mine in upstate New York, which produces zinc concentrate, the company is leveraging its mining expertise to enter the high-growth battery materials market. This diversification from a traditional base metal into a critical mineral essential for the green energy transition is a strategic shift toward the future of industrial demand.

The company’s ambition to be an “end-to-end” producer is particularly significant. This implies not only extracting graphite ore from the ground at the Kilbourne project but also processing it domestically into the high-purity, coated spherical graphite required by battery manufacturers. This vertical integration is a crucial differentiator from competitors who may focus only on mining or, conversely, on processing imported raw materials. An integrated U.S. supply chain, from mine to anode material, would offer automakers and battery producers an invaluable, tariff-free, and geopolitically stable source of IRA-compliant material.

The Kilbourne Promise in a Competitive Field

Titan is not entering an empty field. A race is underway across North America to build a viable graphite supply chain outside of China. Companies like Graphite One are developing a large-scale project in Alaska with significant government backing, while Westwater Resources is advancing its own plans in Alabama. Other firms are focused on building processing capacity or producing synthetic graphite, an alternative but more energy-intensive material.

However, the Kilbourne project appears to be at an advanced stage. Recent reports indicate the facility achieved initial ore-feeding operations in December 2025, positioning it for production qualification runs with potential customers. This milestone suggests Titan is on the cusp of bridging the 70-year production gap. Projections for the Kilbourne project suggest it could have the potential to meet nearly half of the current U.S. demand for natural graphite, a game-changing contribution to the domestic supply chain.

The successful US$15 million financing provides the catalyst to build on this initial progress. As Titan advances its feasibility studies and moves toward commercial expansion, it is not just building a mine; it is laying the groundwork for a cornerstone of America's future industrial and energy independence.