Titan Mining Reports 22% Q1 Revenue Growth to $19.6M, Begins U.S. Graphite Shipments
TII•Titan Mining generated $19.6 million in Q1 revenue, a 22% increase year-over-year, while producing 14.2 million payable pounds of zinc at C1 cash costs of $0.98/lb and AISC of $1.01/lb. The company commenced domestic graphite concentrate shipments from its Kilbourne project and advanced germanium recovery evaluation.
1. Q1 Financial Performance
For the quarter ended March 31, 2026, Titan Mining posted $19.6 million in revenue, reflecting a 22% year-over-year increase, with zinc production of 14.17 million payable pounds. C1 cash costs were $0.98 per pound and AISC was $1.01 per pound, supporting adjusted EBITDA of $3.9 million and a cash balance of $13.8 million.
2. Graphite Platform Expansion
Titan initiated end-to-end domestic graphite concentrate shipments in Q1 and is advancing its Kilbourne Graphite Project toward commercial scale with a fully funded 40,000 tpa feasibility study. Exploration drilling extended graphite mineralization 2,500 feet beyond the current resource boundary, indicating significant expansion potential.
3. Germanium Recovery Potential
Evaluation work at the Empire State Mines identified germanium predominantly in mica and gangue materials within existing process streams, outlining a defined recovery approach. This potential germanium extraction could create an incremental cash flow stream alongside the core zinc operation.
