07:01 AM EDT, 10/07/2025 (MT Newswires) -- Titan Mining ( TIMCF ) Tuesday said it has received financing interest of up to US$120 million from the Export-Import Bank of the United States for the construction of the Kilbourne graphite project in New York.

EXIM issued a non-binding letter of interest recognizing the Kilbourne project as a strategic U.S. critical minerals asset aligned with national priorities. The funding would support the construction of a 40,000-tonne-per-year commercial natural flake graphite facility adjacent to Titan's operating Empire State Mines zinc complex.

EXIM would consider recommending a direct loan of up to $120 million with a repayment tenor of about 12 years. The loan would reference the Commercial Interest Reference Rate, currently around 5.0%, subject to EXIM's standard due diligence, environmental, and policy review processes prior to final board approval.

The amount would represent a substantial portion of the capital required to build the project, the company said.

In parallel with the financing under EXIM's "Make More in America" initiative, the company continues to collaborate with the U.S. administration and other government agencies on potential participation in Titan's critical minerals plan through strategic funding and inclusion in policy programs incentivizing domestic production and supply chain resilience.

Titan is a zinc concentrate producer in upstate New York and an emerging natural flake graphite producer.