Titan Mining (TI) IAccess Alpha Virtual Best Ideas Summer Investment Conference 2026 summary

Strategic positioning and asset overview

• Operates as the fourth largest zinc producer in the U.S. with cash flow positive operations and 120,000 acres of mineral rights in upstate New York.

• Expanded from zinc into critical minerals, notably germanium and natural flake graphite, with a new graphite discovery near existing operations.

• Plans to scale graphite production from 1,200 to 40,000 metric tons per year, targeting 50% of U.S. demand and becoming the first end-to-end U.S. producer since 1956.

• Board and management have deep mining and political expertise, with significant insider and institutional ownership.

• Supported by U.S. EXIM Bank, securing CAD 16 million for zinc and negotiating CAD 120 million for graphite, covering 65% of graphite project capital costs.

Project economics and operational highlights

• Graphite project has an NPV of CAD 513 million, after-tax IRR of 37%, and a 2.7-year payback, with construction targeted for next year.

• Demonstration graphite plant is operational, shipping concentrates, and qualifying with over 20 customers; mine life expected to extend to 20+ years.

• Zinc operations generate CAD 25–30 million EBITDA annually, with ongoing exploration for zinc and copper-gold targets.

• Germanium by-product potential could supply a significant portion of U.S. demand, leveraging existing zinc process streams and a refining agreement with Teck.

• Graphite and germanium projects positioned to benefit from U.S. efforts to reduce reliance on Chinese-controlled supply chains.

Growth plans and catalysts

• Feasibility study for graphite project expected by year-end, with offtake contracts and construction decision anticipated late this year or early next.

• Technical program for germanium to be completed within three months, with offtake agreements targeted by year-end or early next year.

• Exploration results for graphite expected to show increased mine life, with further zinc and copper-gold exploration updates in the second half of the year.

• Financing structure for graphite project aims to minimize dilution, leveraging strong zinc cash flows and non-dilutive options.

• EBITDA projected to grow from CAD 30 million to over CAD 125 million as graphite and germanium scale up.