10:43 AM EDT, 06/19/2025 (MT Newswires) -- Titan Mining ( TIMCF ) was up 8% and posted fresh 52 week highs Thursday after Export-Import Bank of the United States (EXIM) approved a US$15.8 million financing for its wholly owned unit, Empire State Mines (ESM), to fund critical capital development in support of expanding zinc production and advancing ESM's critical minerals portfolio in St. Lawrence County, New York.

Among highlights, the company said cash-generative zinc operations at ESM will help de-leverage existing facilities, reduce cost of capital, while enabling early investment into graphite.

CEO Don Taylor said: "This financing marks a major step forward for Titan and the Empire State Mine. It enables us to further expand zinc production, accelerate our graphite development, and importantly, retain 135+ high-quality jobs in upstate New York while creating new skilled positions as we grow. EXIM's support reflects the strategic importance of our assets and validates our long-term vision."

Shares of the company were last seen up $0.050 at $0.66 on the Toronto Stock Exchange, having touched $0.69.

Price: 0.66, Change: +0.05, Percent Change: +8.20