Titan Mining exceeds production goals and reduces costs

Titan Mining Corporation announced strong results for 2024. The company reached the top end of its production goals for the year and managed costs that were 10% lower than expected. Despite a pause in production due to Storm Debby in the third quarter of 2024, Titan's Empire State Mines performed well. They focused on mining in key areas and stockpiled ore during the downtime. By the fourth quarter, this stockpiled ore contributed to increased production. Titan is also progressing on its Kilbourne Graphite Project. In December 2024, they reported an inferred mineral resource of 22 million tons of graphite. The ongoing Phase III metallurgical tests showed promising results, indicating a potential recovery of high-quality graphite. The company plans to build a new facility to process the graphite, aiming for production of 1,000-1,200 tons per year. They expect this project to benefit from existing operations at the Empire State Mine, helping to keep costs low. Titan Mining is preparing for future growth and aims to strengthen its position in the minerals supply chain. Further updates will be provided as financing options for the new facility are explored.