TORONTO, June 26, 2026, 07:03 (EDT)
- Titan Mining was up 41.71% at $3.16 in U.S. premarket trading at 7:03 a.m. EDT, compared to its $2.23 close on Thursday.
- The U.S. Army picked Titan’s Empire State Mines for conditional talks on an enhanced-use lease at Pine Bluff Arsenal and Anniston Army Depot.
- Shares climbed $0.93 before the bell, adding about $91 million to the company’s equity value with 98.29 million shares out.
Titan Mining Corporation (NYSEAMERICAN:TII; TSE:TI) shares looked set for a sharp gain Friday as the U.S. Army said its Empire State Mines division will enter conditional lease talks tied to graphite processing on military sites. TII changed hands at $3.16 in premarket trading at 7:03 a.m. EDT, up 41.71% on Thursday’s $2.23 close, Wall Street Journal data showed.
The TSX stock closed Thursday at C$3.11, up 4.36% at the 4 p.m. EDT bell. Google Finance showed a market cap of C$305.68 million based on 98.29 million shares outstanding.
NYSE American was already open in early trading at the dateline, while TSX was still in its pre-open stage. NYSE American schedules early hours from 7:00 a.m. to 9:30 a.m. ET before regular trading takes over and runs until 4:00 p.m. TSX’s pre-open, from 7:00 a.m. to 9:30 a.m., is for order entry only. Its main session also starts at 9:30 a.m., closing at 4:00 p.m.
June 26 isn’t marked as a closed day for 2026 on TSX or NYSE calendars. TMX’s calendar has Canada Day, July 1, as the next holiday for Canadian stocks. NYSE’s first holiday after Juneteenth is Independence Day, which is observed July 3.
Titan shares added $0.93 in premarket, lifting the company’s market cap by roughly $91 million, based on 98.29 million shares. The move prices Titan at about 3.3 to 4.6 times its 2026 adjusted EBITDA goal of $20 million to $28 million. That’s all happening before the company has a final lease set.
Trading volume jumped at the open. According to WSJ, 15.9 million shares changed hands Thursday, much higher than the 65-day average of 479,507. Pre-market volume reached 6.4 million shares by 7:03 a.m. EDT.
Titan on Thursday night said Empire State Mines landed conditional OKs for enhanced-use leases at Pine Bluff Arsenal in Arkansas and Anniston Army Depot in Alabama. Pine Bluff is the main location, about 245 acres. Anniston covers about 97 acres.
Titan is planning to open the Kilbourne Graphite Purification Plant, which will turn out purified micronized graphite and coated spherical purified graphite. Empire State Mines gets the job for design, funding, construction and running the plant. The land is staying under U.S. Army title, with a lease of up to 50 years in play. Construction could start in the back half of 2027.
Titan Mining CEO Rita Adiani said the company has “resources in the ground” and is working with the Army, which she said helps Titan move downstream. She said the company wants a supply chain “entirely free from foreign control.” Titan Mining Corporation
Titan stuck with zinc as its main business in Q1, posting 14.2 million payable pounds and $19.6 million in revenue. Adjusted EBITDA came in at $3.9 million. The company said it had begun shipping first graphite concentrate for customer tests. A feasibility study for a possible 40,000-tonne yearly facility is underway and fully funded.
Titan told traders in its risk statement to expect a swing after the initial price move. The company flagged forward-looking statements on topics like U.S. Army projects, financing, permits, construction and operations. Titan said its enhanced-use lease plans could shift or be scrapped.
