Titan is a natural flake graphite producer.
The Kilbourne Project would benefit from EXIM’s potential financing alongside Titan’s own cash flow from its Empire State Mines zinc operations and additional federal support. Titan is also collaborating with U.S. government agencies, including the Department of Energy and Department of War, to explore strategic funding and policy programs that incentivize domestic production and enhance supply chain resilience.
EXIM has issued a non-binding letter of interest (LoI) recognizing the Kilbourne Project as a strategic U.S. critical-minerals asset. The project aligns with national priorities by aiming to create high-quality U.S. jobs and strengthen domestic supply chains for natural flake graphite. If finalized, the financing would support the construction of a 40,000-tonne-per-annum commercial graphite facility near Titan’s Empire State Mines zinc complex.
Under the indicative terms, EXIM would consider a direct loan of up to $120 million with a repayment period of approximately 12 years, including an initial interest-only phase. The loan would reference the commercial interest reference rate, currently around 5%, and would undergo EXIM’s standard due diligence, environmental, and policy review before final board approval.
Titan Mining President and CEO Rita Adiani stated: “We are proud to expand our partnership with EXIM as we advance the Kilbourne Graphite Project – an asset that will create high-quality US jobs, strengthen critical-mineral supply chains, and position Titan as the leading fully integrated natural flake graphite producer in the United States.”
EXIM’s MMIA initiative is designed to support domestic manufacturing, critical infrastructure, and export growth while enhancing U.S. competitiveness. Titan previously received EXIM support for its Empire State Mines zinc operations, and the company expects the financing structure for Kilbourne to be capital-efficient for its shareholders.
Although the LoI is non-binding and issued before the recent government shutdown, Titan will continue working with EXIM’s MMIA team to complete due diligence and structure a definitive financing package in the coming months. The company emphasized that a commitment package from EXIM could cover a substantial portion of the Kilbourne Project’s capital requirements.
Titan, part of the Augusta Group, currently produces zinc concentrate at its Empire State Mine in New York and is emerging as a leading U.S. producer of natural flake graphite. The Kilbourne Project represents a significant step toward expanding Titan’s critical-minerals production and supporting domestic supply chain resilience.
