Titan Mining Receives $15 Mln to Accelerate U.S Graphite GrowthTitan Mining (TSX:TI) Receives US$15 Million Investment from a leading Institutional Investor to Accelerate U.S Graphite Development in New York.
The investment, together with the previously announced US$5.5 million U.S. EXIM Bank support, positions Titan to fast-track completion of the Kilbourne Graphite Feasibility Study in 2026 and advance the project toward construction.
Highlights
US$15 million strategic investment by way of private placement of Special Warrants from a leading institutional investor at US$2.25/C$3.10 per Special Warrant (the “Offering”).
Accelerates feasibility and development of one of the most advanced U.S. natural graphite projects
Technical Outlook
As of the time of writing, Titan Mining stock ( NSE:TI ) is up 12% in Friday's premarket trading with the RSI at 51 the stock is set to break out of a bullish flag pattern with eyes on the $10 resistant albeit market conditions.
About Titan Mining
Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat– Edwards mining district in northern New York.
