Titiminas Unlocks Historic Peru Mine with Key Community Deal

LIMA, Peru – April 24, 2026 – By Matthew Richardson

Titiminas Silver Inc. has secured a landmark agreement with the Jajachaca community in central Peru, unlocking access to a historic, high-grade molybdenum mine that has lain dormant for over 80 years. The multi-year surface access framework, formally ratified by the Jajachaca Community General Assembly, paves the way for the first-ever systematic modern exploration of the past-producing Janchiscocha mine, a site with tantalizing historical records and over two kilometers of existing underground tunnels.

This breakthrough is more than a simple access permit; it represents a significant achievement in a country where relationships between mining companies and local communities are often fraught with tension. For Titiminas, it validates a strategy of patient, trust-based engagement and opens a new strategic front for the company, potentially diversifying its portfolio beyond silver into a critical industrial metal.

A Partnership Forged in Trust

The agreement with the Jajachaca community is the culmination of months of careful negotiation and what the company calls a “genuine reset” of the relationship. This success stands in stark contrast to the broader landscape of Peruvian mining, where social conflicts, often rooted in environmental concerns and disputes over benefit-sharing, remain a primary operational risk. Peru’s Prior Consultation Law, designed to align with international standards, mandates community dialogue but has not eliminated such conflicts.

Titiminas’ approach appears to have set a different precedent. The company successfully negotiated a similar comprehensive agreement with the neighboring Yauli community for its Madre Sierra Silver Project, a pact recently extended to 2032. That agreement includes provisions for local employment and infrastructure development, establishing a model of mutual benefit that the Jajachaca leadership has reportedly expressed interest in emulating.

“The acceptance we have earned from the Jajachaca community is a significant milestone,” said Luis Goyzueta, Chairman and CEO of Titiminas Silver, in a statement. “It reflects months of patient work by our team and, above all, a genuine reset of the relationship with the community after years of distance. Our job now is to apply today's tools to a historic asset and to do so in a way that continues to honour the trust the community has placed in us.”

The formalization of the framework into a definitive surface access agreement is expected in the coming months, providing the operational certainty needed to launch an ambitious exploration program.

Waking a Sleeping Giant: The Janchiscocha Molybdenum Mine

With community access secured, attention now turns to the prize itself: the Janchiscocha mine. Operated by Perú Molibdeno S.A. during the 1940s, the mine has a well-documented history of high-grade mineralization. A 1940 Peruvian government geological report, archived at the national geological institute (INGEMMET), described molybdenite grades fluctuating between 0.7% and 1.2%—exceptionally high for this type of deposit.

Molybdenum is a critical metal, essential for producing high-strength, corrosion-resistant steel used in everything from pipelines and skyscrapers to automotive parts. It is also a key component in catalysts for the energy sector and is increasingly important for renewable energy technologies like wind turbines.

The historical operators developed an extensive network of underground workings spanning more than two kilometers across multiple veins, including the principal Proveedora vein. Yet, since operations were suspended decades ago, the site has never been evaluated with modern techniques. Titiminas plans to change that.

The company is designing the first systematic modern exploration program for Janchiscocha. This will involve:

• Systematic Mapping and Sampling: Using modern geochemical analysis and strict QA/QC protocols to create a detailed geological model of the known vein systems.
• Verifying Historical Data: Re-logging accessible historical tunnels to correlate modern observations with the 1940s records.
• Geotechnical Assessment: Ensuring the existing workings are safe and preparing priority areas for further exploration and potential drilling.
• Broader Geological Context: Evaluating whether the vein system is part of a larger porphyry-style mineralizing system, which could indicate a much larger deposit.

While the company cautions that historical grades have not yet been verified by a qualified person and cannot be treated as current mineral resources, they provide a powerful indication of the site's potential. Initial inspections have confirmed that some underground workings are accessible and in competent rock, providing a crucial head start for the exploration team.

Strategic Pivot and Market Momentum

The Janchiscocha acquisition is a pivotal moment for Titiminas Silver. Recently listed on the TSX Venture Exchange, the company has positioned itself as a silver developer focused on its Madre Sierra project. The addition of a high-potential molybdenum asset signals a broader, multi-asset growth strategy aimed at transforming the company into a mid-tier producer.

This strategic diversification is supported by recent financial and corporate maneuvers. The company went public in early April 2026 through a reverse takeover and secured over CAD$19 million in financing, with prominent resource investor Eric Sprott among the backers, signaling strong market confidence in its assets and management team. This capital provides the runway needed to aggressively advance both the Madre Sierra and Janchiscocha projects.

Further bolstering its market presence, Titiminas announced it has engaged Independent Trading Group (ITG) as a market maker. This move is designed to improve the trading liquidity and stability of the company's shares on the TSXV, a common and prudent step for a newly listed junior resource company seeking to build a solid investor base.

By successfully navigating Peru’s complex social landscape to unlock a historically significant asset, Titiminas has not only added a promising project to its portfolio but has also demonstrated a blueprint for responsible resource development. The coming months will be critical as its technical teams begin the work of applying 21st-century science to this 20th-century mine, aiming to confirm whether Janchiscocha’s past promise can become a future reality.