In parallel with EXIM's MMIA process, Titan continues to collaborate with the Administration and other U.S. Government Agencies such as the Department of War and the Department of Energy on opportunities for coordinated participation in Titan's critical-minerals plan through strategic funding, inclusion as a key stakeholder and policy programs incentivizing domestic production and secure resilient supply chains.
A finalized commitment package of this amount from EXIM would potentially represent a substantial portion of the capital required to construct the Kilbourne Project, providing a clear path to development that leverages federal partnership support and Titan's strong operating cash flow from its Empire State Mines zinc operations. The Company expects the overall financing structure to be highly capital-efficient for shareholders.
EXIM issued a Letter of Interest ("LI") recognizing the Kilbourne Project as a strategic U.S. critical-minerals asset aligned with national priorities that will create high-quality American jobs and strengthen U.S. supply chain resilience. The potential financing would support construction of Titan's planned 40,000-tonne-per-year commercial natural flake graphite facility adjacent to its operating Empire State Mines zinc complex.
Under the indicative terms, EXIM would consider recommending a direct loan of up to US$120 million with a repayment tenor of approximately 12 years, including an interest-only period. The loan would reference the Commercial Interest Reference Rate (CIRR), currently around 5.0%, and would be subject to EXIM's standard due diligence, environmental, and policy review processes prior to final Board approval.
Rita Adiani, President & CEO of Titan Mining, commented:
"We are proud to expand our partnership with EXIM as we advance the Kilbourne Graphite Project—an asset that will create high-quality U.S. jobs, strengthen critical-mineral supply chains, and position Titan as the leading fully integrated natural flake graphite producer in the United States. This Letter of Interest marks a major milestone toward securing long-term, competitive-rate financing for project development as we continue to prioritize capital efficiency and disciplined balance sheet management supporting any construction decision ...
