Titan Mining Corp T.TI

Alternate Symbol(s): TIMCF

Metals & Mining Industrial Metals & Minerals

Titan Mining Corporation is a Canada-based company. The Company produces zinc concentrate at its Empire State Mine (ESM) located in New York state, United States. It is engaged in the acquisition, exploration, development, and production of mineral properties. ESM is an underground zinc mine near the town of Gouverneur, New York State. ESM is comprised of a group of high-grade mines, including ESM #4 mine, which is in production, and six historic mines. The ESM #1, #2 and #3, Hyatt, Pierrepont and Edwards mines are all within approximately 30-mile radius of the 5,000 tons-per-day (tpd) mill. The ESM property controls more than 80,000 acres of mineral rights of which approximately 2,700 acres have both fee simple surface and mineral rights; approximately 1,754 acres near Gouverneur where the ESM #4 mine mill and tailings disposal facility are located; 703 acres in the town of Edwards, including the Edwards mine, and 242 acres covering the Pierrepont mine.

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Titan Mining Corp

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Comment by wealth2015on Mar 13, 2020 10:46am

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Post# 30803834

RE:Huge debt overhang

One of the most important details abot outstanding debt you don't state I guess you want to scare people to sell cheap. Warke owns huge % of outstanding shares and also debt maturing in 2020 you are writing about. Please don't be selective what you write......"As previously announced, Titan's Executive Chairman committed to financing the Company's operations into 2019. In that regard, the Company and a company controlled by Titan's Executive Chairman (the "Lender") entered into a second ranking secured credit facility of up to US$18.7 million, maturing in December 2020"

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