EXIM Bank Backs Titan Mining’s $120M Kilbourne Graphite Project to Boost U.S. Critical Minerals Supply
Titan Mining Corporation has announced that the Export-Import Bank of the United States (EXIM) has expressed interest in providing up to $120 million in financing for the company’s Kilbourne Graphite Project in St. Lawrence County, New York.
The potential funding falls under EXIM’s Make More in America (MMIA) initiative, which supports domestic manufacturing and infrastructure projects that strengthen U.S. competitiveness and supply chain resilience.
Strategic Collaboration with U.S. Government Agencies
Alongside the EXIM MMIA process, Titan is working closely with several U.S. government agencies, including the Department of Defense and the Department of Energy.
This collaboration focuses on strategic funding and policy programs designed to encourage domestic production of critical minerals and enhance the security of national supply chains.
A financing package from EXIM would cover a substantial portion of the capital required for the Kilbourne Project. Titan plans to complement this federal support with strong cash flows from its Empire State Mines zinc operations, ensuring a capital-efficient financing structure for shareholders.
EXIM Recognizes Kilbourne as a Strategic U.S. Asset
EXIM has issued a Letter of Interest (LoI) identifying the Kilbourne Graphite Project as a strategic critical-minerals asset for the United States. The project aligns with federal goals to create high-quality American jobs and reinforce domestic supply chains for materials essential to clean energy technologies and advanced manufacturing.
The proposed financing would help fund the construction of a 40,000-ton-per-annum (tpa) commercial natural flake graphite facility near Titan’s Empire State Mines zinc complex.
Under indicative terms, EXIM would consider providing a direct loan of up to $120 million with a 12-year repayment period, including an interest-only grace period.
The loan would be benchmarked to the commercial interest reference rate, currently around 5%, and would undergo EXIM’s standard due diligence, environmental, and policy reviews before final board approval.
Titan’s Vision for U.S. Graphite Leadership
“We are proud to expand our partnership with EXIM as we advance the Kilbourne Graphite Project — an asset that will create high-quality U.S. jobs, strengthen critical-mineral supply chains, and position Titan as the leading fully integrated natural flake graphite producer in the United States,” said Rita Adiani, Titan Mining’s President and CEO.
EXIM’s MMIA initiative supports domestic manufacturing and critical infrastructure investments to enhance U.S. competitiveness, promote job creation, and expand export opportunities. Titan has previously received EXIM support for its Empire State Mines zinc operations.
The Letter of Interest, issued prior to the recent government shutdown, is non-binding and does not represent a formal financing commitment. Titan stated that it will continue working with EXIM’s MMIA team to complete due diligence and finalize a definitive financing package for the Kilbourne Project in the coming months.
About Titan Mining
Titan Mining Corporation, part of the Augusta Group, produces zinc concentrate at its Empire State Mine in New York and is emerging as a natural flake graphite producer through the Kilbourne Project.
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