12:15 PM EDT, 07/21/2025 (MT Newswires) -- (Updates shares.)

Titan Mining ( TIMCF ) said Monday it remains on track to produce graphite from its Kilbourne project in New York in the fourth quarter amid escalating tariffs and global trade tensions.

The company said it will become the first fully integrated U.S. graphite producer in over 70 years once the project starts production.

The ball mill was recently placed at the site, Titan said. Currently, the company said over 50% of major equipment has been delivered, with installation starting in August. Commissioning is targeted for the fourth quarter.

"Kilbourne has significant resource expansion potential to meet the demands of U.S. natural flake graphite over a long-term period," chief executive Don Taylor said. "Our facility is a major step toward restoring U.S. industrial graphite capability and delivering a fully Made in America natural graphite product in 2025."

Titan's shares were last seen up $0.275 to $1.395 on the Toronto Stock Exchange, a 52-week high.

Price: 1.39, Change: +0.27, Percent Change: +24.11