STOCK TITAN

Kilbourne Graphite Project Advances Through Key Permitting Milestones

Titan advances Kilbourne’s permitting, secures EXIM backing, and targets 40,000 tonnes of annual domestic graphite output by 2028.

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Titan Mining (TII) reports key federal and state permitting progress for the Kilbourne Graphite Project at Empire State Mine in New York, which targets commercial-scale natural flake graphite production in 2028.

Under the FAST‑41 schedule, all federal permits are targeted for issuance by no later than August 2027. The U.S. Army Corps of Engineers has substantially completed the public comment period for the Section 404 Clean Water Act permit, moving the project into the next phase of federal review. Archaeological review plans have been submitted to the New York State Historic Preservation Office, and biological field work for Endangered Species Act review is complete, with a Biological Assessment being finalized ahead of U.S. Fish and Wildlife Service consultation expected to begin in October.

At the state level, Titan has submitted a Joint Application to the New York State Department of Environmental Conservation for wetlands and water quality approvals, and ongoing engineering has cut Kilbourne’s wetland impact footprint by about 50% since April 2026, supported by a hybrid tailings design. Baseline environmental field work is substantially complete. EXIM has provided $5.5 million for feasibility work and issued a $120 million Letter of Interest in potential project financing. Kilbourne is designed to produce about 40,000 metric tonnes of natural graphite per year as a domestic critical mineral source.

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Positive

  • FAST‑41 schedule targets all federal permits by August 2027
  • Public comment on Section 404 permit substantially complete, advancing federal review phase
  • Wetland impact footprint reduced by approximately 50% since April 2026 through design optimization
  • EXIM support includes $5.5 million for feasibility work and a $120 million financing Letter of Interest
  • Planned output of approximately 40,000 metric tonnes of natural graphite annually from Kilbourne

Negative

  • None.

Market Context

On Aug 5, TII's prior Kilbourne supply-agreement announcement was followed by a 6.94% 24-hour gain; ...
Analysis

On Aug 5, TII's prior Kilbourne supply-agreement announcement was followed by a 6.94% 24-hour gain; the current update extended that project's commercialization record with permitting milestones.

Key Figures

Federal permit deadline: August 2027 Commercial production target: 2028 Wetland impact reduction: approximately 50% +3 more
Federal permit deadline
August 2027
FAST-41 permitting schedule
Commercial production target
2028
Commercial-scale natural flake graphite production
Wetland impact reduction
approximately 50%
Reduction since April 2026
Feasibility support
$5.5 million
Funding provided by EXIM
Potential project financing
$120 million
EXIM Letter of Interest
Annual graphite production
approximately 40,000 metric tonnes
Designed commercial-scale production capacity

Historical Context

4 past events · Latest: Aug 12
4 events
  1. Aug 12

    Kilbourne financing progress

    24h Move
    +10.5%

    Reported EXIM financing support and advanced the Kilbourne feasibility study.

  2. Aug 05

    Kilbourne supply agreement

    24h Move
    +6.9%

    Signed conditional RHI Magnesita supply agreement after graphite met refractory specifications.

  3. Jul 15

    Kilbourne processing results

    24h Move
    +2.3%

    Validated concentrator and purification flowsheets, including battery-grade graphite production results.

  4. Jul 29

    Kilbourne aerospace LOI

    24h Move
    -1.0%

    Entered non-binding aerospace and defense graphite supply LOI supporting customer qualification.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

fast-41, section 404, endangered species act, biological assessment
4 terms
fast-41 regulatory
"Kilbourne remains on track under the FAST-41 permitting schedule"
A FAST-41 designation comes from a U.S. law that sets up a coordinated, time-lined review process for large federal infrastructure projects, aiming to reduce delays by having agencies work together and meet clear deadlines. For investors, it matters because projects with FAST-41 oversight are likelier to reach permits and construction on schedule, reducing the risk of costly hold-ups much like a traffic controller clearing lanes so a convoy can move without unexpected stops.
section 404 regulatory
"Section 404 (Clean Water Act): U.S. Army Corps of Engineers"
A provision of the U.S. Sarbanes‑Oxley Act that requires a public company’s management to assess and report on the effectiveness of the company’s internal controls over financial reporting, with an independent auditor also providing an opinion on that assessment. It matters to investors because it creates a documented “checklist and independent inspection” of the systems that produce financial statements, helping users judge whether reported results are reliable and whether a company meets regulatory disclosure standards.
endangered species act regulatory
"Endangered Species Act: Biological field work complete"
A law that protects species at risk of extinction and their habitats by restricting activities that could harm them, such as development, resource extraction, or land conversion. For investors, it matters because protected species or designated critical habitat can delay or block projects, add permit requirements and cleanup or mitigation costs, and create legal and regulatory risk—similar to safety rules that can pause or reshape a construction site if a protected animal is found.
biological assessment regulatory
"Biological Assessment being finalized ahead of formal consultation"
A biological assessment is a formal review of biological data to judge how a drug, medical product, laboratory activity, or industrial action affects living systems—people, animals, or ecosystems. Like a mechanic inspecting a car before a long trip, it compiles lab and field study results to summarize safety, efficacy, or environmental risk; regulators and investors use the findings to gauge approval chances, potential liabilities, and commercial outlook.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Completion of USACE Public Comment Stage Marks Key Step in Federal Review as State and Environmental Workstreams Progress

GOUVERNEUR, N.Y., Sept. 09, 2026 (GLOBE NEWSWIRE) -- Titan Mining Corporation (NYSE-A:TII, TSX:TI), (“Titan” or the “Company”), a U.S.-focused critical minerals producer and developer, today announced significant progress across the federal and state permitting programs for its Kilbourne Graphite Project at the Empire State Mine in St. Lawrence County, New York (“Kilbourne”). Kilbourne remains on track toward the Company’s target of commercial-scale natural flake graphite production in 2028.

“Titan is committed to a robust and expeditious permitting and environmental review process in close coordination with regulators and the nearby community,” said Rita Adiani, President and CEO of Titan Mining. “We’re progressing through important federal and state permitting milestones, working with our stakeholders and ensuring we tailor the project to meet environmental regulations. This work is keeping us on target for commercial production in 2028.”

FEDERAL PERMITTING

Kilbourne remains on track under the FAST-41 permitting schedule, with all federal permits targeted for issuance by no later than August 2027.

  • Section 404 (Clean Water Act): U.S. Army Corps of Engineers has substantially completed the public comment period on Kilbourne's Section 404 permit application, advancing the Project into the next phase of federal agency review and technical coordination toward a permitting decision.
  • Cultural resources: Phase IA archaeological review and Phase IB field investigation plan for federal permits submitted to the New York State Historic Preservation Office.
  • Endangered Species Act: Biological field work complete; Biological Assessment being finalized ahead of formal U.S. Fish and Wildlife Service consultation, targeted to begin in October.

STATE PERMITTING

At the state level, the Company has submitted its Joint Application to the New York State Department of Environmental Conservation covering freshwater wetlands and water quality approvals, while advancing the remaining state permitting studies and environmental review in coordination with New York State Department of Environmental Conservation as engineering progresses.

Importantly, ongoing engineering and environmental work continues to reveal opportunities to reduce the potential environmental footprint of the Project. Since April 2026, design optimization has reduced the Project’s wetland impact footprint by approximately 50%. Titan has also selected a hybrid tailings approach, materially reducing the overall tailings footprint and associated wetland impacts. Baseline environmental field work is now substantially complete across the key study areas.

Kilbourne’s strategic, national importance has been recognized through federal support, including participation in the FAST-41 permitting process and support from the Export-Import Bank of the United States (“EXIM”), which has provided $5.5 million for feasibility work and issued a $120 million Letter of Interest in potential project financing.

Kilbourne is designed to produce approximately 40,000 metric tonnes of natural graphite annually, establishing a significant domestic source of a critical mineral essential to U.S. defense, advanced manufacturing and energy storage, while strengthening U.S. supply-chain resilience and reducing dependence on foreign supply.

The project is also expected to generate significant economic benefits for New York’s North Country through construction activity and hundreds of long-term, permanent jobs, reinforcing Titan's role as a major employer in upstate New York and a driver of the region's economic base.

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York State. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The Company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan’s goal is to deliver shareholder value through operational excellence, development, and exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain. For more information on the Company, please visit our website at www.titanminingcorp.com.

Media & Investor Contact

Irina Kuznetsova
Director, Investor Relations
Phone: (778) 870-7735
Email: info@titanminingcorp.com

Cautionary Note Regarding Forward-Looking Information

Certain statements and information contained in this news release constitute “forward-looking statements”, and “forward-looking information” within the meaning of applicable securities laws (collectively, “forward-looking statements”). These statements appear in a number of places in this news release and include, but are not limited to, statements regarding Kilbourne remains on track toward the Company’s target of commercial-scale natural flake graphite production in 2028; Kilbourne remains on track under the FAST-41 permitting schedule, with all federal permits targeted for issuance by no later than August 2027; Kilbourne is designed to produce approximately 40,000 metric tonnes of natural graphite annually, establishing a significant domestic source of a critical mineral essential to U.S. defense, advanced manufacturing and energy storage, while strengthening U.S. supply-chain resilience and reducing dependence on foreign supply; the project is also expected to generate significant economic benefits for New York’s North Country through construction activity and hundreds of long-term, permanent jobs, reinforcing Titan's role as a major employer in upstate New York and a driver of the region's economic base. When used in this news release words such as “to be”, “believe”, “targeted”, “could”, “will”, “planned”, “expected”, “potential”, and similar expressions are intended to identify these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to vary materially from those anticipated in such forward-looking statements, including risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of zinc and graphite; the inherently hazardous nature of mining-related activities; potential effects on our operations of environmental regulations in New York State; risks due to legal proceedings; and risks related to operation of mining projects generally; and the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators and the United States Securities and Exchange Commission. Such forward-looking statements are based on various assumptions, including assumptions made with regard to our forecasts and expected cash flows; our projected capital and operating costs; our expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mining activities will remain consistent; our approved business plans; our mineral resource estimates and results of the preliminary economic assessment; our experience with regulators; political and social support of the mining industry in New York State; our experience and knowledge of the New York State mining industry and our expectations of economic conditions and the price of zinc and graphite; demand for graphite; exploration results; the ability to secure adequate financing (as needed); the Company maintaining its current strategy and objectives; study results; permitting progress; and the Company’s ability to achieve its growth objectives. While the Company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.


FAQ

What federal environmental and cultural reviews has the Kilbourne Graphite Project completed or advanced?

For federal permitting, the U.S. Army Corps of Engineers has substantially completed the public comment period on Kilbourne’s Section 404 Clean Water Act permit, moving the project into the next review phase. A Phase IA archaeological review and a Phase IB field investigation plan have been submitted to the New York State Historic Preservation Office for cultural resource requirements. Biological field work for Endangered Species Act review is complete, and a Biological Assessment is being finalized ahead of formal U.S. Fish and Wildlife Service consultation, which is targeted to begin in October.

What permitting steps has Titan Mining taken at the New York State level for Kilbourne?

Titan has submitted a Joint Application to the New York State Department of Environmental Conservation covering freshwater wetlands and water quality approvals. The company is advancing remaining state permitting studies and environmental review in coordination with the agency as engineering progresses. Baseline environmental field work is now substantially complete across key study areas.

How has the project design affected Kilbourne’s environmental footprint?

Since April 2026, engineering and environmental work have identified ways to reduce the project’s potential environmental footprint. Design optimization has cut the wetland impact footprint by approximately 50%, and Titan has selected a hybrid tailings approach that materially reduces the overall tailings footprint and associated wetland impacts.

What kind of financial support has Kilbourne received from the Export-Import Bank of the United States?

The Export-Import Bank of the United States has provided $5.5 million to support feasibility work for Kilbourne and has issued a $120 million Letter of Interest in potential project financing under its Make More in America Initiative.

What broader economic and strategic role is Kilbourne expected to play?

Kilbourne is designed to produce about 40,000 metric tonnes of natural graphite annually, providing a domestic source of a critical mineral used in U.S. defense, advanced manufacturing, and energy storage. The project is expected to generate significant economic benefits for New York’s North Country through construction activity and hundreds of long-term, permanent jobs, while strengthening U.S. supply-chain resilience and reducing dependence on foreign supply.

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