Titan Mining Corporation
Titan Mining Corporation is a zinc mining company that operates the Empire State Mine in New York, producing zinc concentrate and controlling extensive mineral rights in the region.
Services
Titan Mining Corporation primarily engages in the production of zinc concentrate. The company's operations are centered on its Empire State Mine, where it manages the extraction and processing of zinc. Since restarting mining operations in January 2018, Titan Mining focuses on optimizing production to supply its zinc concentrate to various industrial markets.
History
Titan Mining Corporation resumed operations at its Empire State Mine in January 2018, following a restart of the mining processes. The mine began producing zinc concentrate by March 2018. Prior to resuming operations, the company completed a Preliminary Economic Assessment in September 2017 and subsequently held an initial public offering in October 2017. These milestones marked significant steps in re-establishing and expanding the mining operations at the site.
Empire State Mine Operations
Titan Mining Corporation operates the Empire State Mine, which includes the ESM #4 mine and six historic mines within a 30-mile radius. The mining facility is capable of processing up to 5,000 tons per day. The mine covers over 80,000 acres of mineral rights in New York state and has become a focal point for the company's extraction and production activities.
Financial Operations
Titan Mining Corporation announced a US$10M bridge loan, aimed at repaying part of its existing credit facility. This financial maneuver supports the company's strategy to maintain financial stability and continue operations at the Empire State Mine. The bridge loan is part of Titan Mining's broader financial planning to sustain and grow its mining activities.