Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

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<ul>
<li>Titiminas reported metallurgical results from Madre Sierra and Madre Sierra Norte, with both responding well to a conventional flowsheet.</li>
<li>At Madre Sierra, the flowsheet produced copper, lead, and zinc concentrates, recovering 80.8% silver and 54.2% gold.</li>
<li>Madre Sierra Norte produced a single copper-silver concentrate with recoveries of 89.1% for copper and 84.3% silver.</li>
</ul>


Titiminas reported metallurgical results from Madre Sierra and Madre Sierra Norte, with both responding well to a conventional flowsheet.
At Madre Sierra, the flowsheet produced copper, lead, and zinc concentrates, recovering 80.8% silver and 54.2% gold.
Madre Sierra Norte produced a single copper-silver concentrate with recoveries of 89.1% for copper and 84.3% silver.


TITI: Preliminary Metallurgy Delivers >80% Silver Recovery

<ul>
<li>TITI reported assay results for twelve Packsack holes at the Madre Sierra Project with every hole intersecting mineralized structures.</li>
<li>Hole PKS-MSN-26-07 delivered the strongest intercepts, returning 479 g/t AgEq over 1.00m &amp; 578 g/t AgEq over 0.65m</li>
<li>Results expand high-grade mineralization across multiple vein structures and will be included in the maiden MRE on track for mid-2027.</li>
</ul>


TITI reported assay results for twelve Packsack holes at the Madre Sierra Project with every hole intersecting mineralized structures.
Hole PKS-MSN-26-07 delivered the strongest intercepts, returning 479 g/t AgEq over 1.00m &amp; 578 g/t AgEq over 0.65m
Results expand high-grade mineralization across multiple vein structures and will be included in the maiden MRE on track for mid-2027.


TITI: Packsack Drilling Expands High-Grade Mineralization

<ul>
<li>Titiminas released high-grade sampling results from the first modern exploration completed at Janchiscocha.</li>
<li>Initial sampling focused on the Janchiscocha and Londres targets, returning grades of up to 8.29% Mo.</li>
<li>TITI also identified a ~1km mineralized corridor between the two historic workings, suggesting a district-scale system over a now ~4km trend.</li>
</ul>


Titiminas released high-grade sampling results from the first modern exploration completed at Janchiscocha.
Initial sampling focused on the Janchiscocha and Londres targets, returning grades of up to 8.29% Mo.
TITI also identified a ~1km mineralized corridor between the two historic workings, suggesting a district-scale system over a now ~4km trend.


TITI: First Testing at Janchiscocha Highlights Significant Upside

<ul>
<li>Titiminas owns the high-grade, past-producing Madre Sierra Project in central Peru, which is fully permitted with established infrastructure.</li>
<li>TITI plans to quickly advance to a PEA and investment decision by year-end 2027, while generating revenue via trucking ore in the meantime.</li>
<li>Production will take a phased approach, starting with a 350tpd plant, and expanding to ~1,000tpd+ roughly 2 years later.</li>
</ul>


Titiminas owns the high-grade, past-producing Madre Sierra Project in central Peru, which is fully permitted with established infrastructure.
TITI plans to quickly advance to a PEA and investment decision by year-end 2027, while generating revenue via trucking ore in the meantime.
Production will take a phased approach, starting with a 350tpd plant, and expanding to ~1,000tpd+ roughly 2 years later.


TITI: Fast Track Development of Past Producing Peruvian Silver Mine

<ul><li>Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.</li><li>Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).</li><li>Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).</li></ul>

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

Canada

Titiminas Silver Inc. operates as a mining exploration company. The Company focuses on the development and production of silver project in central Peru.

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Titiminas Silver (TITI CN)

TITI: Preliminary Metallurgy Delivers >80% Silver Recovery

Titiminas reported metallurgical results from Madre Sierra and Madre Sierra Norte, with both responding well to a conventional flowsheet.

Atrium Research

TITI: Packsack Drilling Expands High-Grade Mineralization

TITI reported assay results for twelve Packsack holes at the Madre Sierra Project with every hole intersecting mineralized structures.

Atrium Research

TITI: First Testing at Janchiscocha Highlights Significant Upside

TITI also identified a ~1km mineralized corridor between the two historic workings, suggesting a district-scale system over a now ~4km trend.

Atrium Research

TITI: Fast Track Development of Past Producing Peruvian Silver Mine

Titiminas owns the high-grade, past-producing Madre Sierra Project in central Peru, which is fully permitted with established infrastructure.

Atrium Research

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe. Our covered companies rose 7.1% on average during the...

Atrium Research

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