Titan Mining Secures EXIM Loan for New York Zinc Expansion

Titan Mining

EXIM Financing to Support Zinc Growth

Titan Mining has secured $15.8mn in financing from the Export-Import Bank of the US (EXIM) to expand its zinc operations in New York. The funds will be used by its subsidiary, Empire State Mines, to upgrade equipment and infrastructure. The loan has a seven-year tenor with a two-year interest-only grace period, offering the company time to ramp up production.

Zinc Production and Resource Outlook

Titan expects to produce 64mn–69mn lbs of payable zinc in 2025. The mine’s measured and indicated resources total 636mn lbs of recoverable zinc and 541mn lbs of payable zinc, supporting long-term output. In January, Titan announced plans to extend the mine’s life to 2033. Additionally, the company aims to expand into graphite development alongside its zinc operations, reflecting a broader strategy in critical minerals.

The Metalnomist Commentary

Titan Mining’s EXIM loan demonstrates how US financial institutions are reinforcing domestic critical mineral projects. While zinc demand is rising, the company’s parallel push into graphite shows a strategic pivot toward battery minerals. This dual focus positions Titan to benefit from both traditional and energy transition markets.