Titan Mining Posts Record Q2 Growth on Zinc Surge and Graphite Advances
Event summary
- Q2 revenue surged 57% YoY to $25.7M, with Adjusted EBITDA up 272% to $9.6M.
- Zinc production rose 13% YoY to 17.5M payable pounds, ahead of mine plan.
- Secured two graphite customer agreements post-quarter, advancing Kilbourne project commercialization.
- Net debt reduced by 47% YoY to $12.8M, with available liquidity at $29.1M.
The big picture
Titan's Q2 results highlight the growing strategic importance of domestic critical minerals supply chains, particularly for defense and industrial applications. The company's operational improvements in zinc production—coupled with federal support and commercial graphite advances—position it as a key player in U.S. mineral security. However, execution risks remain tied to project financing and customer qualification timelines.
What we're watching
- Commercial Momentum
- Whether Titan can convert conditional graphite agreements into long-term contracts.
- Cost Discipline
- The pace at which declining C1 cash costs ($0.88/lb) will sustain profitability amid rising zinc prices.
- Strategic Financing
- How EXIM Bank's potential $120M financing will shape Kilbourne project timelines and scale.
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