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. The Dividend is payable on October 14, 2022, to shareholders of record as of the close of business on September 29, 2022. Don Taylor, President and CEO, commented, "The dividend payable to our [...]
Titan Mining Corp. is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market effective today. The Company's U.S. OTCQB listing will trade under the ticker symbol "TIMCF" while the Company's primary Canadian Listing will continue to trade on the Toronto Stock Exchange under the symbol "TI". Don Taylor, President & CEO of Titan, commented, "Listing Titan on the OTCQB not only [...]
Titan Mining announces that its Empire State Mines has received the permit from New York State Department of Environment and Conservation, allowing it to begin mining activities on the Sphaleros open pit mine project. General Manager, Joel Rheault commented "We are pleased that NYSDEC has recognized the thoroughness of our plan as well as our commitment to sustainable and responsible development. Completion of this [...]
Titan Mining today announces the results for the second quarter ended June 30, 2022. “Titan’s Empire State Mines in New York has posted a record quarter with cash flow of $9.42 million from operations and production of 16.5 million payable pounds of zinc. Equally as important, this was accomplished with no lost time accidents,” said Don Taylor, President and Chief Executive Officer of Titan.
Titan Mining 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 9, 2022, have been approved. A summary of the results for the election of Titan’s Board of Directors is provided below:
Titan Mining 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, “Paying a special dividend for our fourth consecutive quarter is a milestone for the Company and is a testament to our dedicated management and workforce [...]
Titan Mining is pleased to announce the closing of a revolving credit facility with National Bank of Canada for US$40 million. In addition to the Credit Facility, National Bank has provided the Company with an up to US$15 million treasury line enabling additional access to funds for future zinc contract commitments. Titan will use the proceeds to consolidate previous loans held with Augusta Investments Inc. (“Augusta [...]
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 [...]
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