Titan Mining Corp
Titan Mining Corp is a U.S.-based natural resources company centered on critical minerals production and development. It produces zinc concentrate from its Empire State Mine in New York and is advancing graphite and germanium projects aimed at domestic industrial supply chains.
Fiscal year 2025 · change from previous year
Development 2022–2025
Business
Share of revenueMined zinc concentrate produced from Titan's operating underground asset in New York.
Natural graphite extraction, processing and commercialization work tied to the Kilbourne project.
Germanium and other domestic supply-chain-related mineral development activities.
Customers
Titan sells mined materials into industrial supply chains rather than to end consumers. Its customer base includes buyers of zinc concentrate and prospective customers in aerospace, defense, energy storage, advanced manufacturing and other critical-minerals end markets for graphite and related products.
Buy zinc concentrate from Empire State Mine for downstream refining and metal production.
Evaluate high-spec graphite samples for qualification and long-term supply agreements.
Prospective buyers of graphite material used in battery and storage applications.
Buy critical mineral inputs for specialized manufacturing and engineered products.
Strategy
Titan's strategy is to pair operating zinc production with the development of domestic critical-minerals assets. The company is advancing graphite qualification, feasibility work and project financing toward a future commercial graphite facility, while also building a vertically integrated U.S. supply chain position.
Graphite is central to Titan's critical-minerals growth story and end-market diversification.
Project development depends on funding, approvals and execution readiness before construction can begin.
U.S.-sourced critical minerals can command strategic value in defense and industrial markets.
Geography
Titan's operations are centered in the United States, with the Empire State Mine located in New York State. Its graphite strategy is explicitly focused on building a domestic North American supply source, so geography is important to both operating assets and customer positioning.
Risks
Titan faces execution risk in moving development-stage graphite assets through feasibility, financing, permitting and customer qualification. Its mining and processing activities also depend on commodity prices, metallurgical performance and the ability to secure long-term end-market demand for specialized critical minerals.
- Project development and financing riskImpact: HighLikelihood: High
Kilbourne requires feasibility completion, capital and permits before commercial production.
Exposure: Graphite project
- Customer qualification and contract riskImpact: HighLikelihood: High
The LOI is non-binding and commercial sales depend on qualification and definitive agreements.
Exposure: Graphite end markets
- Commodity price riskImpact: MediumLikelihood: High
Revenue and project economics are sensitive to zinc and critical mineral pricing.
Exposure: Zinc concentrate and graphite
- China supply concentrationImpact: MediumLikelihood: High
Global graphite processing is concentrated in China, affecting market access and pricing power.
Exposure: Graphite supply chain
- Operational and metallurgical riskImpact: MediumLikelihood: Medium
Mining and processing performance can affect recoveries, quality and consistency.
Exposure: Empire State Mine and graphite processing
Accounting
Judgemental itemsThese estimates drive depletion, mine life and recoverability of mining assets.
Impact: Changes can move depreciation, carrying values and impairment risk.
Operating mines and development projects must be reviewed if economics weaken.
Impact: Could result in write-downs on plant, equipment or project assets.
Feasibility and project-development spending may be capitalized depending on stage and intent.
Impact: Affects current-period expense recognition and future depreciation.
Mining operations require estimates for site restoration and environmental obligations.
Impact: Can materially affect liabilities and earnings through accretion and remeasurement.
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Last updated: 28/09/2026