The US$5.5 million U.S. EXIM Facility, provided under EXIM's Make More in America Initiative ("MMIA"), enhances Titan's ability to accelerate resource drilling, metallurgical test work, and engineering programs necessary to complete the Kilbourne Feasibility Study in 2026. Notably, this represents the first feasibility-study support issued by U.S. EXIM under MMIA for a domestic critical-minerals project, reinforcing federal support for rebuilding U.S. graphite supply chains and Kilbourne in particular.
Highlights:
US$5.5 million EXIM Facility available through September 2026
Final maturity date of September 30, 2032, interest only for the first 24 months, followed by a 5-year repayment period
Competitive interest rate, fixed at approximately 4.77% per annum (payable quarterly) under EXIM's Commercial Interest Reference Rate (CIRR) plus an upfront fee of 6.30% for an effective interest rate of approximately 6.26%.
Advances Kilbourne toward construction readiness through completion of feasibility activities.
Allows U.S EXIM to receive technical information during the feasibility activities to swiftly advance the US$120 million project financing indication.
Enhances Titan's critical mineral platform in the U.S., building on existing zinc operations and advancing graphite development.
Rita Adiani, President and Chief Executive Officer of Titan Mining, commented:
"EXIM's continued and expanding support reflects the project's strategic ...
