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Export|Mining|PROJECT
Export|Mining|PROJECT
export|mining|project

Titan may get $120m federal financing for New York graphite project

8th October 2025

By: Reuters

  

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Titan Mining said on Tuesday it got a letter of interest from the US Export-Import Bank for funding of about $120-million for its planned graphite mine in New York, as the country looks to boost domestic supply of critical minerals.

Shares of the zinc producer listed in Canada rose nearly 20% in afternoon trade.

In March, US President Donald Trump invoked emergency powers to accelerate domestic production of critical minerals such as aluminum, cobalt, lithium, graphite, neodymium and dysprosium.

The executive order directed federal agencies, including EXIM, to expedite permitting, funding and supply agreements for the minerals.

EXIM issued the letter of interest after recognizing the Kilbourne Graphite Project in St. Lawrence County, New York, as a strategic US critical-minerals asset. The letter is non-binding and does not represent a financing commitment.

The potential financing, the repayment of which will be done over the next 12 years, will support Titan's planned 40 000-tonne-per-year commercial natural flake graphite mine.

Edited by Reuters

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