TORONTO, June 26, 2026, 07:03 (EDT)
- Titan Mining shares in the U.S. traded at $3.16 before the bell at 7:03 a.m. EDT, a jump of 41.71% from Thursday’s close of $2.23.
- Titan’s Empire State Mines was picked by the U.S. Army for conditional talks on an enhanced-use lease at Pine Bluff Arsenal and Anniston Army Depot.
- The stock’s premarket move, up $0.93, suggested an increase of around $91 million in equity value, based on 98.29 million shares outstanding.
Titan Mining Corporation (NYSEAMERICAN:TII; TSE:TI) was on track for a big move Friday after the U.S. Army named its Empire State Mines unit to start conditional lease talks for graphite processing sites on military land. TII traded at $3.16 premarket at 7:03 a.m. EDT, a jump of 41.71% from Thursday’s $2.23 close, according to Wall Street Journal data.
The TSX stock ended Thursday at C$3.11, gaining 4.36% by the 4 p.m. EDT close. Google Finance listed a market cap of C$305.68 million with 98.29 million shares out.
NYSE American was in early trading at the dateline, with the TSX still in pre-open. Early trading on NYSE American runs 7:00 a.m. to 9:30 a.m. ET, then core hours pick up until 4:00 p.m. TSX’s pre-open is also from 7:00 a.m. to 9:30 a.m., but only allows order entry. TSX’s main session starts at 9:30 a.m. and goes to 4:00 p.m.
June 26 doesn’t show up as a closed day for 2026 on either the TSX or the NYSE calendars. TMX lists Canada Day, July 1, as the next market holiday for Canadian equities. NYSE’s next holiday after Juneteenth is Independence Day, observed July 3.
The odd thing is how much equity is getting valued before a final lease is in place. Titan’s shares gained $0.93 in premarket trading, which on 98.29 million shares equals about $91 million more in market cap. That puts the value about 3.3 to 4.6 times the company’s 2026 adjusted EBITDA target of $20 million to $28 million.
Volume spiked early. WSJ said 15.9 million shares traded Thursday, way above the 65-day average of 479,507. By 7:03 a.m. EDT in premarket, volume was already at 6.4 million shares.
Titan said Thursday night that Empire State Mines got conditional picks for enhanced-use leases at two Army sites: Pine Bluff Arsenal in Arkansas and Anniston Army Depot in Alabama. The main site, Pine Bluff, covers about 245 acres. Anniston is secondary, around 97 acres.
Titan said it plans to open the Kilbourne Graphite Purification Plant for purified micronized graphite and coated spherical purified graphite. Empire State Mines is set to handle design, funding, construction and operations. The U.S. Army will keep the land under its title, with a lease that could go as long as 50 years. Construction is penciled in for the second half of 2027.
Titan Mining CEO Rita Adiani said the company’s got “resources in the ground” plus a partnership with the Army, helping it push downstream. She said the goal is a supply chain “entirely free from foreign control.” Titan Mining Corporation
Titan’s main business is still zinc. In Q1, Titan put out 14.2 million payable pounds of zinc, bringing in $19.6 million in revenue and $3.9 million in adjusted EBITDA. The company said it had started shipping initial graphite concentrate for customer qualification. Titan is also running a fully funded feasibility study for a proposed 40,000-tonne-a-year facility.
Titan’s risk statement warns traders could see a sharp move after the first price jump. The company said comments about U.S. Army business, financing, permits, construction and operations are all forward-looking. Titan also listed risks that its enhanced-use lease plans may change or get canceled.
