Ms. Rita Adiani reports

TITAN MINING SELECTED BY THE U.S. ARMY TO ESTABLISH FIRST-EVER PUBLIC-PRIVATE PARTNERSHIP FOR DOMESTIC CRITICAL MINERALS PROCESSING ON STRATEGIC DEFENSE INSTALLATIONS

Titan Mining Corp. has taken a landmark step toward American graphite independence: Its wholly owned subsidiary, Empire State Mines LLC (ESM), has received conditional selection notices from the U.S. Army for enhanced use lease (EUL) opportunities at two strategic defence installations -- Pine Bluff Arsenal in Arkansas and Anniston Army Depot in Alabama. The awards are made under U.S. Army RFP (request for proposal) No. DACA27-1-26-204 and the U.S. Army's newly launched Strategic Capital Initiatives (SCI) program. Titan is open to other army sites and will continue to pursue those opportunities.

Highlights:

• Historic first: first commercial graphite purification facility to be sited on U.S. Army installations, a landmark effort in ending America's 100-per-cent import reliance on foreign-controlled graphite supply chains;
• Executive order 14241: ESM's selection is among the first enhanced use lease awards issued pursuant to President Trump's March, 2025, executive order directing the deployment of domestic mineral processing infrastructure on U.S. defence installations;
• Two conditional EUL awards: Pine Bluff Arsenal, Arkansas (approximately 245 acres, primary site) and Anniston Army Depot, Alabama (approximately 97 acres, secondary site);
• Facility purpose: design, finance, build and operate the Kilbourne graphite purification plant to produce purified micronized graphite (PMG) and coated spherical purified graphite (CSPG) for defence, energy and industrial applications;
• Zero taxpayer cost: all development, construction, and operating costs borne by ESM; U.S. Army retains land title at all times;
• Long-term strategic partnership: lease term up to 50 years under 10 U.S.C. paragraph 2667 enhanced use lease authority;
• Supply chain independence: directly challenges China's near-total control of graphite processing; delivers the domestic supply security that U.S. defence, energy and industrial supply chains require;
• National security platform: establishes a public-private partnership model for deploying critical mineral processing infrastructure on U.S. defence installations;
• Development timeline: business terms agreement negotiations under way; construction targeted to commence in the second half of 2027.

These conditional awards give effect to President Trump's Executive Order 14241, which directed the Department of War to use its enhanced use lease authority to establish commercial mineral refining enterprises on U.S. military bases. ESM's selection is among the first awards issued under this initiative -- a concrete step toward critical mineral independence and a demonstration that domestic mining companies, backed by federal policy and military infrastructure, can end America's strategic dependence on foreign-controlled supply chains.

Subject to finalization of business terms agreements with the U.S. Army, ESM will design, finance, construct and operate the Kilbourne graphite purification plant, a commercial-scale facility producing purified graphite critical to U.S. defence and energy storage supply chains. Pine Bluff Arsenal (Site B, approximately 245 acres) is designated as the primary site, with Anniston Army Depot (Parcel 1, approximately 97 acres) advancing on a sequenced schedule.

"For the first time in American history, a critical minerals processing facility will be built on U.S. defence soil, and Titan Mining is the company making it happen," said Rita Adiani, president and chief executive officer of Titan Mining. "These awards mark a turning point in ending America's dependence on Chinese-controlled supply chains, and Titan is honoured to lead the reshoring initiative of critical minerals which are essential to our national security."

A historic milestone for U.S. critical mineral security

Graphite is among the most strategically exposed critical minerals facing the United States today. The country is 100 per cent reliant on imports for natural flake graphite, and China controls more than 90 per cent of global battery-grade graphite processing capacity, a chokehold over materials essential to munitions, missiles, sensors, energy storage and electric vehicles. More than merely a supply chain vulnerability, it is a strategic dependency, especially because the United States currently lacks commercial-scale domestic graphite capacity.

ESM's selection under the U.S. Army's enhanced use lease program represents a significant step toward addressing this strategic gap. It establishes a new public-private partnership model for deploying critical mineral processing infrastructure on U.S. defence installations and demonstrates how government and industry can work together to strengthen domestic supply chains without cost to the taxpayer.

The Kilbourne graphite project, anchored by Titan's natural graphite resource in New York State, is uniquely positioned to support a fully integrated domestic graphite supply chain, from mine to value-add graphite products, helping advance U.S. defence, industrial and energy security objectives.

Ms. Adiani added: "America has declared critical mineral independence before -- now it's time to build it. We have the resources in the ground, the infrastructure to process it and now U.S. Army partnership to take it further downstream. This effort aims to establish a fully domestic supply chain, entirely free from foreign control."

EUL structure: a pioneer public-private model

The enhanced use lease mechanism under 10 U.S.C. paragraph 2667 is a proven but rarely applied statutory authority that allows the U.S. Army to lease underutilized land to qualified private partners for up to 50 years. ESM's conditional selection marks the first application of this authority to a critical mineral processing facility, establishing a replicable template for future mineral-sector EUL partnerships across the defence estate.

The U.S. Army retains ownership of the land at all times, while ESM is responsible for all costs associated with the financing, design, construction, operation and eventual decommissioning of the facility. In lieu of cash rent, ESM will provide in-kind consideration through infrastructure improvements at the host installation, generating direct benefits for military personnel, families and base operations. All project activities will be undertaken in accordance with applicable federal requirements, including Davis-Bacon prevailing wage provisions and Buy American Act requirements.

About Titan Mining Corp.

Titan is an Augusta Group company that produces zinc concentrate at its 100-per-cent-owned Empire State mine located in New York State. Titan is also a natural flake graphite producer and the United States' first end-to-end producer of natural flake graphite in 70 years. Titan's goal is to deliver shareholder value through operational excellence, development and exploration. The company has a strong commitment toward developing critical minerals assets, which enhance the security of the domestic supply chain.

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