Recent Updates — TIMCD

Titan Mining Corporation filed its unaudited interim financial statements for the three and six months ended June 30, 2026. Revenue increased 40% year-over-year to $45.3 million, driven by higher zinc prices and sales volume. The company reported a net loss of $7.96 million, primarily due to a non-cash fair value loss of $10.5 million on liability-classified special warrants issued in December 2025. Adjusted EBITDA rose to $13.6 million from $5.1 million in the prior year period. The company raised $2.04 million net through an At-the-Market equity offering and exercised special warrants for $27.9 million. Titan operates as a natural resources company engaged in the acquisition, exploration, development, production, and sale of zinc concentrate and natural flake graphite.

Titan Mining Corporation reported record financial results for the second quarter ended June 30, 2026, with revenue increasing 57% year-over-year to $25.7 million and adjusted EBITDA surging 272% to $9.6 million. Zinc production reached 17.5 million payable pounds, up 13% from the prior year period, while net income rose to $5.4 million compared to $0.5 million in Q2 2025. The company reaffirmed its full-year guidance for zinc production of 62–66 million pounds and adjusted EBITDA between $20–$28 million. Strategically, Titan secured conditional supply agreements with RHI Magnesita and a non-binding letter of intent with a U.S. aerospace manufacturer for graphite commercialization at the Kilbourne project. Additionally, the company received Conditional Selection Notices from the U.S. Army for Enhanced Use Lease opportunities to build and operate a graphite purification plant on federal property. Titan Mining Corporation is a critical minerals producer and developer focused on zinc operations in New York and advancing domestic graphite supply chains.

Titan Mining Corporation announced a conditional supply agreement with RHI Magnesita, a global leader in refractory products and Titan's wholly owned subsidiary Empire State Mines LLC. This agreement advances graphite from the Kilbourne project to industrial-scale production trials following successful laboratory qualification. The arrangement covers an initial volume of natural flake graphite, with potential expansion to up to 10% of Kilbourne’s projected commercial tonnage upon successful trial completion. Titan views this as a significant milestone toward establishing long-term commercial relationships and validating material quality for North American supply chains. This development supports the company's strategy to advance the Kilbourne Graphite Project toward a construction decision while continuing technical work on its feasibility study. Titan Mining Corporation operates in the mining industry, producing zinc concentrate and developing critical minerals such as natural flake graphite and germanium.

Titan Mining Corporation announced a non-binding Letter of Intent with a U.S. aerospace and defense manufacturer to supply natural graphite from its planned Kilbourne Graphite Project facility in New York. The agreement supports the customer's qualification program, which has initiated testing using samples from Titan's demonstration plant with early positive results. This milestone advances Titan's commercialization strategy for domestic critical mineral production, targeting facility commissioning in 2028 pending feasibility study completion, financing, and permitting. Titan Mining Corporation operates as a U.S.-focused critical minerals producer and developer of zinc and graphite assets.