07:57 AM EDT, 05/08/2025 (MT Newswires) -- Titan Mining ( TIMCF ) on Thursday announced the addition of 43,943 acres of mineral rights through lease and option agreements with St. Lawrence County in New York, bringing its total mineral tenure in upstate New York to more than 120,000 acres.
The company, which leased mineral rights over 56 parcels (37,867 acres) and holds an option to lease an additional 37 parcels (6,075 acres), said the expansion increases the discovery opportunities for additional zinc and graphite resources as well as iron-oxide copper gold deposits.
Properties added to Titan's portfolio include the Clifton Magnetite Mine and Parish Magnetite occurrence, where historic drilling encountered copper sulfides and recent sampling returned surface gold values of 0.1-0.4 grams per tonne (g/t) gold.
The lease agreement is for a term of up to 40 years and the option agreement is for a term of up to 25 years, exercisable into a lease with a lease term of up to 40 additional years.
"The expanded land position will increase our opportunities for additional zinc and graphite discoveries and provides access to occurrences of historic oxide iron deposits known to host potentially commercial amounts of copper and gold," said Titan Mining ( TIMCF ) Chief Executive Don Taylor. "This expanded mineral tenure is further evidence of Titan's long-term plans and commitment to our employees and surrounding communities of upstate New York."