Titan Mining Lands $5.5M U.S. EXIM Loan to Boost Domestic Graphite Supply
Titan Mining Corporation has secured US$5.5 million in financing from the Export-Import Bank of the United States (U.S. EXIM). The funds will support the Kilbourne Graphite Project in upstate New York, marking the first feasibility-study funding issued by U.S. EXIM under its Make More in America Initiative for a domestic critical-minerals project.
The financing will help advance the Kilbourne Graphite Project toward construction readiness, funding resource drilling, metallurgical testing, and engineering work needed to complete the feasibility study by 2026. The company aims to strengthen U.S. graphite supply chains through this development.
The US$5.5 million facility carries a fixed interest rate of approximately 4.77% per annum, with an upfront fee of 6.30%, resulting in an effective rate of around 6.26%. Repayments begin after an initial 24-month interest-only period, with the final maturity set for September 30, 2032. Titan Mining Corporation, already a zinc concentrate producer, is expanding into natural flake graphite production. The company focuses on operational excellence and developing critical minerals assets to create long-term shareholder value. This funding also reflects federal support for rebuilding domestic supply chains in critical minerals. The Kilbourne Project is a key part of Titan’s strategy to advance U.S. mineral independence.
The U.S. EXIM financing provides Titan Mining Corporation with non-dilutive capital to push the Kilbourne Graphite Project forward. With a structured repayment plan and competitive terms, the company can now focus on completing the feasibility study by 2026. The project aligns with broader efforts to secure U.S. graphite production for future industrial needs.
