Titan Mining is a small zinc mining company operating the Empire State Mine (ESM), an underground zinc mine in St. Lawrence County, New York. ESM uses long-hole stoping and other conventional underground mining methods to extract ore, which is then processed into zinc concentrates at an on-site facility. Titan sells 100% of its zinc concentrate to Glencore under a long-term offtake agreement, making Glencore its sole customer. Titan's profitability is driven by two factors: the prevailing zinc price, which Titan has no control over as a commodity price-taker, and its ability to keep production costs low relative to global peers. Alongside its zinc business, Titan is developing the Kilbourne Graphite Project at ESM. In January 2026, Titan began production from a demonstration facility at Kilbourne, positioning itself as the first end-to-end producer of natural flake graphite in the U.S. in 70 years. Kilbourne is expected to use open-pit mining and, if scaled to commercial production, would add a second revenue stream. Titan argues that Kilbourne's status as the only domestic natural flake graphite producer gives it an advantage as U.S. policy increasingly prioritizes securing domestic critical mineral supply chains, particularly for battery production. Kilbourne remains in an early demonstration phase, and scaling to commercial production is the key near-term milestone.