Titan Mining to Start Shipping First Graphite Product and Feasibility Study Underway for 40,000 tpa Integrated Kilbourne Graphite Project

Rhea-AI Summary

Titan Mining (NYSE-A:TII) began shipping graphite concentrate from its demonstration plant and launched a fully funded Feasibility Study to scale Kilbourne to 40,000 tpa integrated mine, concentrator and secondary processing in New York.

The demo plant has produced ~1,600 kgs, customer qualification shipments are underway, EXIM is co-funding the study, and a construction decision is targeted late 2026/early 2027.

Positive

• Feasibility Study launched for 40,000 tpa integrated graphite project
• Demonstration plant produced ~1,600 kgs of graphite concentrate
• Customer qualification shipments have commenced
• Study co-funded by Export-Import Bank of the United States (EXIM)
• Targeting construction decision in late 2026/early 2027

Negative

• Resource upgrade to mineral reserves pending following Feasibility Study
• Construction and start of work contingent on study results, permitting, and financing
• Exploration incomplete: 51% exploration drilling remaining or in progress

Key Figures

Kilbourne capacity target: 40,000 tonnes per annum Demo plant output: 1,600 kgs graphite concentrate Infill drilling completed: 82% +5 more

8 metrics

Kilbourne capacity target 40,000 tonnes per annum Planned integrated graphite mining and processing operation in New York

Demo plant output 1,600 kgs graphite concentrate Production from graphite demonstration facility to date

Infill drilling completed 82% Portion of infill drilling for Feasibility Study completed

Exploration drilling completed 51% Portion of exploration drilling for resource expansion completed

Planned graphite supply 50% of U.S. demand Project design goal for U.S. natural graphite demand coverage

Target construction start 2027 Construction activities anticipated, subject to results, permits, financing

Feasibility scale 40,000 tpa Scale evaluated in fully funded Feasibility Study

U.S. import reliance 100% Current U.S. reliance on imported natural graphite cited in release

Market Reality Check

Price: $3.76 Vol: Price up 6.21% with volum...

low vol

$3.76 Last Close

Volume Price up 6.21% with volume 279,134 versus 20-day average 437,964 ahead of this announcement. low

Technical Trading at $3.76, above 200-day MA of $3.36, about 33.45% below 52-week high and 79.9% above 52-week low.

Peers on Argus

No peers listed in the sector context and no peers appeared in the momentum scan...

No peers listed in the sector context and no peers appeared in the momentum scanner, so the 6.21% move in TII looked company-specific rather than sector-driven.

Historical Context

5 past events · Latest: Feb 13 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 13	Trade ruling impact	Positive	+4.2%	U.S. duties of ~160% on certain Chinese graphite imports supporting domestic supply.
Feb 10	Operational results	Positive	-4.4%	Record 2025 zinc production, 2026 guidance, and initial graphite output at Kilbourne.
Jan 29	Financing framework	Negative	-6.5%	Base prospectus and ATM program allowing up to US$150M in securities issuance.
Jan 26	Graphite production start	Positive	+6.0%	Start of natural flake graphite production and EXIM engagement for Kilbourne financing.
Jan 20	Investor conference	Positive	+19.4%	Inclusion in a micro-cap virtual investor conference with a scheduled presentation slot.

Pattern Detected

Recent graphite and policy-related updates often coincided with positive moves, while one strong operational zinc update saw a negative reaction, indicating occasional profit-taking or valuation pushback on good news.

Recent Company History

Over the past months, Titan reported several milestones. A U.S. trade ruling on Chinese graphite imports and the January launch of Kilbourne graphite production both saw positive price reactions of 4.2% and 6.02%. A financing framework via a base prospectus and ATM program drew a -6.48% reaction, while record 2025 zinc production and 2026 guidance coincided with a -4.41% move. An investor conference appearance was followed by a 19.41% gain. Today’s feasibility study and initial graphite shipments extend this graphite-focused progression.

Market Pulse Summary

This announcement details Titan’s transition from a graphite demonstration plant to a fully funded F...

Analysis

This announcement details Titan’s transition from a graphite demonstration plant to a fully funded Feasibility Study targeting a 40,000 tpa integrated Kilbourne project. With customer qualification shipments underway and 82% of infill and 51% of exploration drilling complete, the company aims to expand resources and refine mine design. Recent history shows mixed market reactions to operational and financing news, so monitoring study results, permitting progress, and financing plans remains important.

Key Terms

feasibility study, natural flake graphite, graphite concentrate, mineral resource estimate, +4 more

8 terms

feasibility study technical

"today announced the commencement of shipping of graphite concentrate from its demonstration facility and formal launch of its fully-funded Feasibility Study"

A feasibility study is an assessment that evaluates whether a proposed project or idea is practical and likely to succeed before investing significant time and resources. It considers factors like costs, potential benefits, and challenges, helping stakeholders decide if moving forward makes sense. Think of it as a detailed plan that gauges if a new venture is worth pursuing.

natural flake graphite technical

"the only end to end producer of natural flake graphite in the U.S."

Natural flake graphite is a naturally occurring form of carbon that breaks into thin, plate-like flakes when mined. Investors care because its physical quality and availability determine how easily it can be turned into products such as battery anodes, conductive materials and industrial lubricants; think of it like raw cotton — the better the raw fiber, the less work and cost to make valuable end products, so supply, grade and processing needs drive price and investment risk.

graphite concentrate technical

"The graphite demonstration plant at ESM has produced ~1,600 kgs of graphite concentrate"

Graphite concentrate is the processed, high-carbon powder produced by crushing and cleaning natural graphite ore to raise its purity and carbon content, like turning raw rock into a refined ingredient. Investors care because this concentrate is the feedstock for making battery anodes and other industrial products; its quality, availability and price directly affect manufacturers’ costs and the supply chain for electric vehicles and energy storage, so shifts in supply or demand can influence the value of related companies.

mineral resource estimate technical

"the Company expects to both expand its current mineral resource estimate and further optimize mine design"

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

mineral reserve statement technical

"Mine design related components of the Feasibility Study and the Mineral Reserve Statement"

A mineral reserve statement is a formal estimate of how much recoverable metal or mineral a mining project contains and whether it can be profitably mined under current economic and technical conditions. Think of it as a company’s inventory list and cost check combined — it tells investors the likely quantity and quality of saleable material and the practical likelihood of turning those resources into revenue, which directly affects valuation and investment risk.

National Instrument 43-101 regulatory

"Qualified Persons (“QPs”), as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

qualified persons regulatory

"The following independent Qualified Persons (“QPs”), as defined by National Instrument 43-101"

A qualified person is a named professional who holds the legal credentials and expertise required by regulators to review and sign off on technical, scientific or safety-related information in public disclosures. For investors, this functions like a licensed inspector or certified auditor: it signals that key claims — about clinical results, mining resources, or product safety — have been checked by someone officially authorized, which increases trust and reduces the chance of misleading statements.

professional engineer technical

"Mr. Huss is a licensed Professional Engineer in the State of Arizona with over 12 years of engineering experience"

A professional engineer is a licensed engineer who has met formal education, work-experience and examination requirements and is legally authorized to sign off on engineering designs and take responsibility for public safety. For investors, that stamp of approval matters because it signals qualified oversight on technical projects, helps ensure regulatory compliance, and reduces the risk of costly redesigns, delays or liability—think of it as a certified pilot for complex construction or product work.

AI-generated analysis. Not financial advice.

Project Designed to Supply ~50% of U.S. Natural Graphite Demand, Directly Addressing America’s 100% Import Reliance

GOUVERNEUR, N.Y., March 11, 2026 (GLOBE NEWSWIRE) -- Titan Mining Corporation (NYSE-A:TII, TSX:TI), (“Titan” or the “Company”) an existing zinc concentrate producer in upstate New York and the only end to end producer of natural flake graphite in the U.S., today announced the commencement of shipping of graphite concentrate from its demonstration facility and formal launch of its fully-funded Feasibility Study (“FS”) for its planned 40,000 tonne per annum Kilbourne Graphite Project in New York.

The graphite demonstration plant at ESM has produced ~1,600 kgs of graphite concentrate and continues to ramp up to its nameplate capacity. Customer qualification shipments are underway. Titan is the only end to end producer of natural flake graphite in the United States and is actively working to end 100% import reliance of this critical material for energy, defense, and industrial uses.

As part of advancing the Feasibility Study, infill drilling, together with geotechnical and exploration drilling aimed at mineral resource expansion, commenced in the fourth quarter of 2025. With approximately 82% of infill drilling and 51% of exploration drilling now complete, the Company expects to both expand its current mineral resource estimate and further optimize mine design.

Highlights

• Feasibility Study launched for planned scale up to 40,000 tpa integrated mining and processing operation in New York state
• Multidisciplinary engineering team appointed to advance the project toward commercial development
• Study co-funded by the Export-Import Bank of the United States (EXIM) to support the compilation of technical information to progress project financing
• Construction decision targeted for later this year / early 2027
• Project designed to supply ~50% of U.S. natural graphite demand
  

The Feasibility Study represents a critical milestone in transitioning Kilbourne from demonstration-scale production to a fully integrated mine, concentrator, and secondary transformation operation producing various graphite products.

The study will evaluate final mine design, resource upgrade to reserves, processing optimization, infrastructure requirements, environmental advancement, and detailed capital and operating cost estimates.

Titan is targeting a construction decision in late 2026 or early 2027, with construction activities anticipated to commence in 2027, subject to study results, permitting progress, and financing.

Rita Adiani, President and Chief Executive Officer of Titan Mining, commented:
“The launch of the Feasibility Study marks Kilbourne’s transition from concept to execution. With an integrated mine-to-processed graphite strategy and federal financing support, we are advancing a project designed to strengthen U.S. supply chain resilience and enable large-scale domestic natural graphite production in the near term.”

Feasibility Study Team:

The FS is being coordinated by Titan’s technical team and supported by independent engineering and technical specialists with expertise across mining, processing, infrastructure, and downstream graphite processing:

• M3 Engineering & Technology Corp.: Lead engineering firm and Feasibility Study coordination, including overall study integration and infrastructure design
• Metpro Management Inc.: Concentrator process design and metallurgical engineering
• Dorfner Anzaplan UK Ltd: Secondary transformation and refining process design
• BBA Consultant USA LP: Mineral resource and technical advisory support
• Fuse Advisors Inc. (Part of SLR Consulting): Mining engineering and technical services
  

Additional specialist consultants will be engaged as study scopes are finalized.

Qualified Persons:

The following independent Qualified Persons (“QPs”), as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, are responsible for components of the Feasibility Study currently in progress:

Mineral Resource Estimate

Todd McCracken, P.Geo. (PGO No. 0631) of BBA Consultant USA LP. is the independent Qualified Person for the Mineral Resource Estimate. Mr. McCracken is a Senior Geologist and Director of Mining and Geology at BBA Consultant USA LP. and has more than 30 years of experience in exploration, operations, and consulting, including resource estimation on graphite deposits.

Mining Engineering and Mineral Reserves

Grant Carlson, P.Eng. (BC), Director of Technical Services at Fuse Advisors, is the Qualified Person responsible for the Mine design related components of the Feasibility Study and the Mineral Reserve Statement.

Mr. Carlson is a Professional Mining Engineer with 20 years of experience in mineral exploration, mine development, operations, and consulting, with expertise in strategic mine planning, optimization, and cost estimation.

Concentrator and Mineral Processing

Oliver Peters, M.Sc., P.Eng., MBA, President & Principal Metallurgist of Metpro Management Inc., is the Qualified Person responsible for concentrator design and mineral processing components of the Feasibility Study.

Mr. Peters has more than 27 years of experience in mineral processing and has worked on approximately 100 projects, including over 40 graphite projects. He has advised clients globally on metallurgical design, engineering, and project development for base metals and industrial minerals operations.

Processing and Secondary Graphite Subject Matter Expertise

Joshua Huss, P.E. (Arizona), Assistant Vice President and Process Engineer at M3 Engineering and Technology Corp., is the independent Qualified Person responsible for secondary graphite processing components of the Feasibility Study. Mr. Huss will function as a secondary graphite processing subject matter expert, supporting multiple teams on the project.

Mr. Huss is a licensed Professional Engineer in the State of Arizona with over 12 years of engineering experience. Since 2019, he has worked in processing engineering and technical project management roles for secondary graphite processing and other battery mineral processing projects from conceptual through FEL-3 design.

Secondary Transformation Plant

Derick R. de Wit, FAusIMM, Managing Director and Principal Process Engineer of Dorfner Anzaplan UK Limited, is the Qualified Person responsible for the definitive feasibility study of the Secondary Transformation Plant, including refining natural flake graphite concentrate into purified micronized graphite and coated spherical purified graphite.

Mr. de Wit has worked continuously in the mineral resources, mining, and chemical industries since 1998 and has extensive experience developing graphite anode process plants, including metallurgical testing, process development, engineering design, permitting, and feasibility study oversight.

Qualified Persons for additional study components will be identified as scopes are finalized.

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 a natural flake graphite producer and the USA’s first end-to-end producer of natural flake graphite in 70 years. 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 new 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 statements regarding our intent, or the beliefs or current expectations of our officers and directors, including Titan’s planned 40,000 tonne per annum Kilbourne Graphite Project in New York; the Company expects to both expand its current mineral resource estimate and further optimize mine design; The graphite demonstration continues to ramp up to its nameplate capacity; planned scale up to 40,000 tpa integrated mining and processing operation in New York state; construction decision targeted for later this year / early 2027; project designed to supply ~50% of U.S. natural graphite demand; the potential transition of Kilbourne from demonstration-scale production to a fully integrated mine, concentrator, and secondary transformation operation producing various graphite products; the study will evaluate final mine design, resource upgrade to reserves, processing optimization, infrastructure requirements, environmental advancement, and detailed capital and operating cost estimates; Titan is targeting a construction decision in late 2026 or early 2027, with construction activities anticipated to commence in 2027, subject to study results, permitting progress, and financing; we are advancing a project designed to strengthen U.S. supply chain resilience and enable large-scale domestic natural graphite production in the near term; additional specialist consultants will be engaged as study scopes are finalized. 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; risks that the new antidumping and countervailing duties do not receive final affirmative determination by the ITC; 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 did Titan Mining (TII) announce on March 11, 2026 about Kilbourne's production?

Titan began shipping graphite concentrate from its demonstration plant and produced ~1,600 kgs of concentrate. According to the company, customer qualification shipments are underway as the demo plant ramps to nameplate capacity.

What is the scope of the Kilbourne Feasibility Study for Titan (TII)?

The study evaluates scaling Kilbourne to an integrated 40,000 tpa mining and processing operation. According to the company, it will cover mine design, resource upgrade to reserves, processing optimization, infrastructure, and costs.

Who is funding or supporting Titan's Kilbourne Feasibility Study (TII)?

The Feasibility Study is co-funded by the Export-Import Bank of the United States (EXIM). According to the company, EXIM support will aid compilation of technical information for project financing.

When is Titan (TII) targeting a construction decision for Kilbourne?

Titan is targeting a construction decision in late 2026 or early 2027. According to the company, construction start in 2027 depends on study outcomes, permitting progress, and financing availability.

How much of U.S. natural graphite demand could Kilbourne supply according to Titan (TII)?

The project is designed to supply about 50% of U.S. natural graphite demand. According to the company, Kilbourne aims to reduce U.S. dependence on imports for critical graphite uses.