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 24, 2020 3:26pm

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Post# 30842863

RE:RE:RE:Huge debt overhang

fyi from md&a........The Company amended the credit arrangement with the Bank of Nova Scotia (“BNS”) whereby the available credit limit is $10,000,000 and is due April 3, 2021 and the financial covenants are no longer applicable. A $10,000,000 guarantee against the credit arrangement has been provided by a company controlled by Titan’s Executive Chairman...

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