This marks EXIM's first direct mining transaction under the Make More in America Initiative ("MMIA"), a landmark federal initiative aimed at reshoring industrial capacity, securing U.S. supply chains for critical materials and expanding the domestic manufacturing base.
Highlights:
EXIM's first mining loan under MMIA, signaling federal recognition of Titan's role in restoring domestic mineral production
First step in a strategic financing partnership as Titan develops the first integrated natural flake graphite operations in the United States since 1956
Long-term, fixed-rate financing (7-year tenor, 2-year interest-only grace period) to support zinc expansion, whilst ESM is focused on graphite facility build-out
Funds will be used for capital equipment and infrastructure upgrades to support existing and future operations at ESM
Cash-generative zinc operations at ESM will help de-leverage existing facilities, reduce cost of capital, while enabling early investment into graphite
Job creation and retention commitments: 135 jobs retained, and 10 new positions targeted under EXIM requirements
Efficient balance sheet structuring with Titan retaining flexibility for future growth and financings
Don Taylor, CEO of Titan commented: "This financing marks a major step forward for Titan and the Empire State Mine. It enables us to further expand zinc production, accelerate our graphite development, and importantly, retain 135+ high-quality jobs in upstate New York while creating new skilled positions as we grow. EXIM's support reflects the strategic importance of our assets and validates our long-term vision."
Rita Adiani, President of Titan commented: "This is a foundational milestone—not just for Titan, but for U.S. mineral policy. With this EXIM facility, we're building a secure, transparent ...
