Titan Mining Corporation (TI) Financings
TSX: TI · Zinc, Graphite, Germanium · Production stage
- Market cap$273.2M
- Share price$2.76
- 52-week range$2.55 – $7.75
- Shares outstanding98,980,326
- ExchangeTSX
- Websitewww.titanminingcorp.com
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York State. Titan is also the United States' first end-to-end producer of natural flake graphite in 70 years and is advancing graphite and germanium initiatives to strengthen domestic critical minerals supply chains. The Company has also received support from the U.S. Export-Import Bank (EXIM) under its Make More in America Initiative. Titan's goal is to deliver shareholder value through operational excellence, development, and exploration. We have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain.
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Titan Mining Corporation financial statements
Key figures read from 36 of 36 financial statement filings, Nov 14, 2017 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$17,484 | US$10,163 | US$5,031 | US$6,720 | US$6,041 |
| Total current assets | US$34,897* | US$24,030* | US$15,221* | US$17,590* | US$17,489* |
| Total current liabilities | US$51,451 | US$36,611 | US$38,733 | US$10,301 | US$6,693 |
| Working capital | (US$16,554) | (US$12,581) | (US$23,512) | US$7,289 | US$10,796 |
| Exploration and evaluation assets | US$38,990 | US$30,303 | US$36,798 | US$46,230 | US$57,483 |
| Total assets | US$74,968 | US$55,148 | US$52,762 | US$65,999 | US$77,625 |
| Debt | US$26,164 | US$32,081 | US$35,779 | US$30,032 | US$34,712 |
| Total liabilities | US$71,184 | US$52,145 | US$55,032 | US$55,486 | US$60,602 |
| Shareholders' equity | US$3,784 | US$3,003 | (US$2,270) | US$10,513 | US$17,023 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Revenue | US$64,301 | US$52,086 | US$62,061 | US$55,594 | US$32,638 |
| Exploration and evaluation expense | US$1,861 | US$1,903 | US$2,304 | US$3,772 | US$3,644 |
| General and administrative | US$3,745 | US$4,386 | US$4,772 | US$4,001 | US$3,313 |
| Impairments and write-downs | — | — | — | — | US$0 |
| Net income (loss) | US$6,547 | (US$10,210) | (US$940) | US$454 | (US$13,668) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$12,575 | US$14,290 | US$419 | US$15,667 | US$7,257 |
| Investing cash flow | (US$12,674) | (US$1,775) | (US$2,647) | (US$4,309) | (US$4,586) |
| Financing cash flow | US$7,531 | (US$7,292) | US$567 | (US$10,873) | (US$4,061) |
| Exploration spending (capitalized) | (US$12,674) | (US$1,820) | (US$2,647) | (US$4,309) | (US$4,586) |
| Change in cash | US$7,321 | US$5,132 | (US$1,689) | US$679 | (US$1,461) |
| Cash at end of period | US$17,484 | US$10,163 | US$5,031 | US$6,720 | US$6,041 |
Titan Mining Corporation financings
3 financings announced or closed by Titan Mining Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-29 | Titan Mining Corporation (TI) | Atm | Announced | US$150.0M | — | Titan Mining Files Base Shelf Prospectus and Establishes ATM Program |
| 2025-12-23 | Titan Mining Corporation (TI) | Private placement | Closed, 1 tranche | US$5.5M | — | Titan Mining Closes on First-of-Its-Kind EXIM MMIA Feasibility Financing for Domestic Graphite Project First domestic feasibility support issued under the Make More in America program reinforcing strategic importance of Kilbourne Graphite |
| 2025-12-16 | Titan Mining Corporation (TI) | Private placement, brokered | Closed, 1 tranche | US$15.0M | $2.25 | Titan Mining Receives US$15 Million Investment from a leading Institutional Investor to Accelerate U.S Graphite Development in New York Institutional Investment Accelerates Company’s Push to Become the First End-to-End U.S. Natural Flake Graphite |
Titan Mining Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Titan Mining Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-01-05 | Credit facility, repaid / settled | National Bank of Canada | C$5.2M | matures 2025-06-30 |
| 2025-12-23 | Credit facility, amended | Export-Import Bank of the United States (EXIM) | US$5.5M | 4.77%, matures 2032-09-30 |
| 2024-04-16 | Credit facility, repaid / settled | National Bank of Canada | C$17.2M | — |
| 2024-04-16 | Loan, repaid / settled | National Bank of Canada | US$10M | 1.125%, matures 2024-12-06 |
| 2019-01-16 | Credit facility, signed | — | US$18.7M | — |
| 2017-11-30 | Credit facility, proposed | Scotiabank | US$15M | — |