Titan Mining Corporation

Titan Mining Corporation reported second-quarter earnings of $5.41 million, a sharp increase from $0.539 million in the same period last year. Earnings per share rose to $0.05 from $0.00 a year earlier. Revenue climbed to $25.70 million from $16.34 million in the prior-year quarter.

Titan Mining Corporation has entered into a conditional supply agreement with global refractory leader RHI Magnesita for graphite from its Kilbourne project. The deal follows successful laboratory qualification and covers an initial volume of natural flake graphite, with the ability to expand to up to 10% of Kilbourne’s projected commercial tonnage upon successful completion of industrial-scale production trials. Titan’s President and CEO Rita Adiani called the advancement a significant milestone that validates the quality of the material and growing demand for secure North American graphite supply chains. The company is also continuing technical and engineering work as part of an ongoing feasibility study, supporting its strategy to move toward a construction decision and build a vertically integrated domestic graphite supply chain.

ON Semiconductor agreed to acquire Synaptics in an all-stock deal valued at $7 billion, sending ON shares down 13% while Synaptics rose 6%. Under the fixed exchange ratio, Synaptics shareholders will receive 1.35 ON shares for each Synaptics share, and the combined company targets a total addressable market of $243 billion by 2030. The transaction is expected to be accretive to adjusted earnings within 18 months of closing and generate $200 million in annual synergies. Separately, Titan Mining surged 42% after the U.S. Army awarded it long-term leases to build a graphite purification facility at two military bases, part of a broader Pentagon push for domestic critical-minerals processing. Wise Group gained 7% on plans for a share buyback exceeding $500 million and reiterated medium-term targets of 15%–20% net revenue CAGR and a 15%–20% income before tax margin. Nano-X Imaging dropped 12% after reporting first-quarter revenue of $4.3 million, missing estimates, and withdrawing its 2026 outlook due to going-concern uncertainty.

Titan Mining Corporation has received conditional selection notices from the U.S. Army for Enhanced Use Lease opportunities at Pine Bluff Arsenal in Arkansas and Anniston Army Depot in Alabama, marking the first commercial graphite purification facility to be sited on U.S. military installations. The wholly-owned subsidiary Empire State Mines will design, finance, build, and operate the Kilbourne Graphite Purification Plant at no cost to taxpayers, with Pine Bluff Arsenal designated as the primary site on approximately 245 acres and Anniston Army Depot as a secondary site on about 97 acres. The awards, issued under President Trump's Executive Order 14241, aim to challenge China's more than 90% control of global battery-grade graphite processing and end America's 100% import reliance on foreign-controlled graphite supply chains. The lease term can extend up to 50 years under the Enhanced Use Lease authority, with construction targeted to begin in the second half of 2027. Titan Mining is an existing zinc concentrate producer and the only end-to-end producer of natural flake graphite in the United States.