Titan Mining is pleased to provide an update on near mine drilling recently completed at its 100%-owned Empire State Mine in New York State revealing significant mineralized extensions of the #2 Ore Body, which has accounted for approximately half of the tons mined historically at ESM. Results include assays from drilling completed in West Ridge, the historic #2 Pit Area, Turnpike and Pump House. Each of these targets [...]
Titan Mining Corp. announces that its Board of Directors has declared a special cash dividend of C$0.01 per common share for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. Titan also announces that it has entered into a fixed zinc pricing arrangement pursuant to its existing offtake agreement with an affiliate of Glencore plc for 50% of the Company's budgeted [...]
Titan Mining Corp. is pleased to release preliminary fourth quarter and full year 2021 production results and provide 2022 operating, capital and exploration expenditure guidance . 2021 Highlights Improved safety performance, decreasing incident severity rate 95%. Produced 47.5 million payable pounds of zinc in 2021, a record since re-opening of the Empire State Mine. Implemented a fixed price arrangement hedging program [...]
Titan Mining Corp. announces that it has extended the maturity dates of its credit facilities with each of the Bank of Nova Scotia and a company controlled by Titan's Executive Chairman . Additionally, the Company made an initial repayment against the BNS facility of US$2,000,000 in the fourth quarter of 2021. The maturity date of the BNS senior secured revolving credit facility with a limit of US$10,000,000 has been [...]
Titan Mining Corp. announces that its Board of Directors has declared a special cash dividend of C$0.01 per common share for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. Titan also announces that it has entered into a fixed zinc pricing arrangement pursuant to its existing offtake agreement with an affiliate of Glencore plc for 60% of the Company's budgeted [...]
Titan Mining Corp. is issuing this press release in response to a request from the Investment Industry Regulatory Organization of Canada to comment on the recent trading activity of its stock. Titan is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and level of trading volume of its common shares. Titan's Executive Chairman, Richard [...]
Titan Mining Corp. today announces that its Board of Directors has declared a special cash dividend of C$0.01 per common share for an aggregate distribution of approximately C$1.4 million based on the current number of shares outstanding. Don Taylor, President and CEO commented, "The Company's recent cash flow generation from its Empire State Mine has enabled the Company to reward shareholders with this special dividend [...]
Titan Mining Corp. today announced that it has entered into a fixed zinc pricing arrangement pursuant to its existing offtake agreement with an affiliate of Glencore plc for approximately 50% of the Company's forecasted zinc production for the second half of 2021. The arrangement is for a six-month period covering July 2021 to December 2021 at a price of $1.35 per pound of zinc. Don Taylor, President and CEO, commented [...]
Titan Mining Corp. today provided an update on its surface exploration drilling program and the discovery of Little York, set H2/21 production guidance for its 100% owned Empire State Mine located in upstate New York, and announces an inaugural dividend. Highlights: Discovery of Little York - drilling included 11 ft of 18.4% zinc within 20 ft of 11% zinc; 4 ft of 25% zinc within 7.6 ft of 15.4% zinc ESM H2/21 production [...]
Titan Mining Corp. announces that all matters presented for approval at Titan's annual meeting of shareholders held today, as more particularly set out in the Company's Management Information Circular dated May 21, 2021, have been approved. These matters included: Setting the number of directors at six; Electing each of the Company's six nominees as directors of the Company; Re-appointing PricewaterhouseCoopers LLP as [...]
Titan Mining Corp. announces that with stronger than expected zinc prices, lower than planned smelter treatment charges and increasing cash flow from its Empire State Mines in upstate New York, Titan has decided to focus its efforts at ESM and terminate its option on the Mineral Ridge property owned by Scorpio Gold Corp. located in Esmeralda County, Nevada based on exploration and study results. Titan undertook an [...]
Titan Mining Corp. announces that in satisfying the reporting requirements of the British Columbia Securities Commission Titan commissioned an independent consultant to prepare a technical report on the Mineral Ridge Project. The technical report for Titan was based on a technical report with an effective date of January 2, 2018, summarizing a feasibility study that was prepared for Scorpio Gold Corp. on Mineral Ridge [...]
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