Titan Mining Secures US$15.8M EXIM Credit Facility to Support Expansion at Empire State Mines

Published: Jul 29, 2025 18:41

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Titan Mining Corporation (TSX: TI; OTCQB: TIMCF) has finalized a US$15.8 million credit agreement with the Export-Import Bank of the United States (EXIM), marking the agency’s first direct mining investment under its Make More in America Initiative.

The facility will fund key capital development projects at Titan’s wholly owned Empire State Mines (ESM) in New York, supporting both ongoing operations and planned expansion. The seven-year loan, fixed at a 4.91% base rate, becomes repayable in 2027 and includes commitments to job creation and retention.

“This financing provides the foundation to advance long-term production growth at ESM,” said Titan CEO Don Taylor. “It reflects confidence in our U.S. asset base and supports high-quality jobs in upstate New York.”

In parallel, Titan has also restructured US$16.5 million of existing debt through a new credit agreement with Augusta Investments Inc., improving near-term liquidity and strengthening the Company’s balance sheet.

The EXIM and Augusta facilities demonstrate Titan’s ability to secure competitive financing while advancing critical mineral production in the United States.

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