Titan Mining Closes Landmark $15.8 Million Credit Agreement with U.S. EXIM
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Titan Mining’s wholly owned subsidiary, Empire State Mines (ESM), has entered into a definitive credit agreement with the Export-Import Bank of the United States (EXIM). The EXIM facility provides funding of up to $15.8 million towards critical capital development supporting current operations and planned expansion at ESM’s underground zinc mine in St. Lawrence County, New York.
This transaction marks EXIM’s first direct mining investment under its Make More in America Initiative (MMIA), underscoring the strategic importance of domestic critical mineral production.
“This financing from EXIM Bank directly supports our operational growth strategy at Empire State Mines. It allows us to continue to invest in critical capital infrastructure and positions ESM for long-term operational success,” said Don Taylor, CEO of Titan.
“We are excited to build on the solid foundation at ESM while creating high-quality jobs in upstate New York,” added Taylor.
“Securing long-term, competitive financing from US-EXIM validates the strength of our U.S. asset base and the critical role domestic mining plays in supporting American manufacturing and supply chain resilience. This facility also establishes a foundation for a broader partnership with EXIM as we advance our graphite strategy and contribute to U.S. critical minerals independence,” said Rita Adiani, president of Titan.
Titan Mining is an Augusta Group company which produces zinc concentrate at its 100 percent owned Empire State Mine located in New York state. Titan is also an emerging natural flake graphite producer and targeting to be the USA’s first end to end producer of natural flake graphite in 70 years. Titan’s goal is to deliver shareholder value through operational excellence, development and exploration. They have a strong commitment towards developing critical minerals assets which enhance the security of the domestic supply chain.
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