Titan Mining Q1 revenue rises as graphite shipments begin

Overview

• US zinc and graphite producer's Q1 revenue rose 22% yr/yr

• Company swung to net loss before tax, compared to last year profit due to non-cash derivative fair value loss

• Titan commenced initial graphite shipments and advanced germanium recovery evaluation

Outlook

• Titan Mining forecasts 2026 adjusted EBITDA of $20 mln to $28 mln

• Company says graphite shipments and customer qualification are ongoing

• Titan Mining to continue in Q2 drilling for resource expansion in zinc and graphite projects

Result Drivers

• ZINC PRODUCTION - Co delivered zinc production in line with mine plan, prioritizing higher-grade zones and recovering deferred output after a temporary disruption

• GRAPHITE SHIPMENTS - Initial domestic graphite concentrate shipments commenced, marking progress toward commercial development and supporting customer qualification

• GROWTH INVESTMENT - Cash used in operating activities was driven by $2.83 mln investment in exploration, graphite demonstration facility and feasibility study

Company press release: ID:nGNX96Dx2d

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialty mining & metals peer group is "buy"

• Wall Street's median 12-month price target for Titan Mining Corp is C$0.50, about 86.4% below its May 12 closing price of C$3.67

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