On Wednesday, Titan Mining (TSX:TI) discussed first-quarter financial results during its earnings call. The full transcript is provided below.
This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation.
The full earnings call is available at https://edge.media-server.com/mmc/p/aiut5n3e/
Summary
Titan Mining reported a 22% year-over-year increase in revenues for Q1 2026, reaching approximately $19.6 million, supported by consistent zinc sales volumes.
The company commenced graphite concentrate shipments and announced a new germanium recovery initiative, aligning with its domestic critical mineral strategy.
Titan Mining’s zinc operations generated an adjusted EBITDA of approximately $3.9 million, maintaining cost discipline with C1 cash costs at $0.98 per pound.
The Kilborne project is advancing with a fully funded feasibility study, and exploration results indicated significant resource expansion potential.
Management highlighted a cooperation agreement with Tech Metals to recover germanium, aiming to leverage existing operations without requiring new mining activities.
Future guidance targets 62 to 60 million payable pounds of zinc for 2026, with plans to continue advancing graphite and germanium projects.
Full Transcript
OPERATOR
Good day and thank you for standing by. Welcome to Titan Mining’s Q1 2026 analyst and investor Update Call. At this time all participants are in a listen only mode. Please be advised that today’s conference is being recorded. After the speaker’s presentation, there will be a question and answer session. To ask a question, please press star 11 on your telephone and wait for your name to be announced. To withdraw your question, please press star 11 again. I would now like to hand the conference over to your speaker today, Irina Kuznetsova, Director of Investor Relations at Titan Mining.
Irina Kuznetsova (Director of Investor Relations)
Thank you operator and thank you everyone for joining Titan Mining’s first quarter 2026 analyst and investor Update Call. We are pleased to be introducing this quarterly update format as part of our efforts to provide more regular insight into our progress and priorities. The quarter marked important milestones for the company including the commencement of graphite concentrate shipments from its end to end US operation and the recent announcement of a germanium recovery initiative with TAG Metals, further advancing Titan’s domestic critical mineral strategy. I would like to draw your attention to the cautionary statements on slide 2 as we will be making several forward looking comments during our prepared remarks and likely in the Q and A as well. On the call to assist with the presentation and answer questions are Rita Adiany, our President and CEO and Joel Rio, our Vice President of Operations. I will now turn the call over to Joel to discuss the operational highlights.
Joel Rio (Vice President of Operations)
Thank you Irina. In the first quarter, Titan delivered solid operational and strategic progress including revenue growth, positive operating cash flow and important advancements across our U.S. critical minerals platform. Our zinc business continues to provide a stable cash flow foundation that supports our growth strategy. In Q1 we delivered consistent production in line with the mine plan and maintained cost discipline reinforcing the strength of our operating platform. I’ll now turn the call over to Rita to discuss our strategic initiatives and corporate developments.
Rita Adiany (President and CEO)
Thank you Joe. Today we announced a cooperation agreement with TAG Metals to evaluate the recovery of germanium from our existing process stream. This represents a potential high value, low capital byproduct opportunity leveraging our current operations. I’ll provide details on this initiative shortly. Turning to Graphite we achieved a key milestone during the quarter with commencement of graphite concentrate shipments from our demonstration facility, marking the first end to end domestic natural flake graphite production in the US in decades. This is a critical step in advancing customer qualification and transitioning from development to commercial execution. The facility enables product testing, metallurgical optimization and operating validation at scale, supporting ongoing engagement with customers across industrial advanced technology and defence related supply chain. These discussions are progressing through qualification, an important step towards establishing long term commercial relationships through offtake. In parallel, the fully funded feasibility study for a 40,000 metric ton per year Kilborne project is progressing alongside continued drilling and permitting activities. Exploration results released during the quarter confirmed mineralization extending beyond the current resource boundary, highlighting meaningful expansion potential. Kilborn is well positioned to advance efficiently supported by existing infrastructure, operating expertise and cash flow from our zinc business. As we move toward establishing a scalable and domestic supply solution. With production underway, commercial engagement advancing and multiple near term catalysts in place, our focus remains on disciplined execution and continued progress towards commercial scale activities. I’ll now turn on to discuss the germanium opportunity in a little bit more detail. Germanium is a critical mineral with applications across defense, semis and advanced optics and global supply remains highly concentrated and subject to Chinese export restrictions. The US is heavily reliant on imports with China controlling approximately 60% of global production with export restrictions having had a significant increase in pricing. Against this backdrop we see a compelling opportunity to unlock value from our existing operations. Through our cooperation agreement with Tech, we are evaluating the recovery of approximately 13,000 kgs per year of containing germanium from material that has already been mined and forms part of our existing zinc process stream. This is a capital …
This post was originally published here
