VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI) (“Titan” or the “Company”) is issuing this press release in response to a request from the Investment Industry Regulatory Organization of Canada (IIROC) to comment on the recent trading activity of its stock.
Titan is not aware of any material, undisclosed information related to the Company that would account for the recent increase in the market price and level of trading volume of its common shares.
Titan’s Executive Chairman, Richard Warke, has purchased 624,000 Titan common shares since September 22, 2021.
Mr. Warke commented, “We have made enough progress at our Empire State Mine (ESM) to finally reward our shareholders with an inaugural dividend. The operations have continued to improve and, barring any dramatic fall in the price of zinc or interruption in production, ESM is projecting to have a strong finish to 2021 and a solid year of production in 2022.”
About Titan Mining Corporation
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine located in New York state. Titan is built for growth, focused on value and committed to excellence. For more information on the Company, please visit our website at www.titanminingcorp.com.
https://www.globenewswire.com/news-release/2021/10/05/2309088/0/en/Titan-Comments-on-Trading-Activity-at-Request-of-IIROC.html