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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;WASHINGTON, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">&#9;</FONT><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;PURSUANT TO SECTION 13 OR 15(d) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date of report (Date of earliest event reported): <B>June 28,
2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>White
Mountain Titanium Corporation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&#9;(Exact Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">NEVADA</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">333-129347</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">87-057730</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">Commission File Number</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">Augusto Leguia 100, Oficina 1401, Las Condes, Santiago Chile</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; font-weight: bold; text-decoration: underline; text-align: center">None</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; layout-grid-mode: line; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registrant&rsquo;s telephone number, including area code: (56
2) 657-1800<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities
Act</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange
Act</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 &#9;Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 28, 2012, we entered into a
letter of intent (&ldquo;<B>LOI</B>&rdquo;) with <FONT STYLE="color: black">Hyundai Welding Co., Ltd., a Korean company
(&ldquo;<B>Hyundai Welding</B>&rdquo;) and Korea Resources Corporation, a Korean company (&ldquo;<B>KORES</B>&rdquo;)</FONT>
which contains both nonbinding proposals and binding provisions. Pursuant to the binding terms of the LOI, Hyundai Welding
and KORES are required to provide us with US$10,000,000 in funding for our Cerro Blanco project in Chile in three
installments of US$2,000,000 on or before July 7, 2012, US$3,000,000 on or before August 7, 2012, and US$5,000,000 on or
before August 31, 2012. In the event that we are unable to enter into a definitive agreement with Hyundai Welding and KORES
which reflects the proposed nonbinding provisions of the LOI by August 31, 2012, or if the LOI is terminated, any funds
advanced under the LOI will be converted into shares of our common stock based upon the three-month average closing price of
the stock during April, May and June 2012, as provided by OTC Markets. The common shares which would be issued by us upon
this conversion will not have been and will not subsequently be registered under the Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption from registration requirements. The LOI will expire
on August 31, 2012, or upon execution of the definitive agreement. The LOI may be terminated by mutual consent of the
parties, by us if either Hyundai Welding or KORES fails to make the initial cash advances, or by either party if it decides
not to proceed with the transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the proposed terms of the definitive
agreement Hyundai Welding and KORES would form a joint venture which would purchase a 30% interest in Sociedad Contractual Minera
White Mountain Titanium, our wholly owned Chilean subsidiary, in return for US$60,000,000. If the definitive agreement is ultimately
closed, the cash advances paid under the binding terms of the LOI would be credited against this purchase price for the shares
of the subsidiary. The remaining US$50,000,000, subject to adjustment depending upon the outcome of the final feasibility study,
would be payable in one or more installments beginning 105 days following the completion of the final feasibility study on Cerro
Blanco.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The definitive agreement would also provide
for the joint venture to purchase quantities of titanium concentrate produced from Cerro Blanco in proportion to its equity ownership
in our Chilean subsidiary. As well, Hyundai Welding and KORES have offered to provide support at cost to advance Cerro Blanco to
final feasibility through the provision of engineering services, engagement of technicians and purchase of facilities and equipment
in Korea or elsewhere.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The LOI also contemplates that upon payment
of the US$10,000,000 advance and execution of the definitive agreement, the joint venture would be entitled to appoint two directors
to the Board of Directors of our Chilean subsidiary, although this would not constitute a majority of the directors of the company.
On February 1, 2012, we had previously entered into a LOI to provide rutile to Hyundai Welding which we anticipate would be addressed
in the definitive agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the signing of the LOI,
we issued a press release, a copy of which is included as an exhibit to this filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 &#9;Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#9;Exhibit 99.1&#9;Press release dated
June 29, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 0; layout-grid-mode: line"><B>White Mountain Titanium Corporation</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; layout-grid-mode: line; width: 55%">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line; width: 3%">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line; width: 42%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; layout-grid-mode: line">Date:&nbsp; June 29, 2012</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line">By</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line; border-bottom: Black 1pt solid">/s/ Michael P. Kurtanjek</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-left: 0; layout-grid-mode: line">Michael P. Kurtanjek, President</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.75in; text-indent: -0.25in"></P>

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{"company-data": {"conformed-name": "WHITE MOUNTAIN TITANIUM CORP", "cik": "0001284766", "assigned-sic": "1000", "irs-number": "870577390", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-129347", "film-number": "12935224"}, "business-address": {"street1": "100 AUGUSTO LEGUIA", "street2": "SUITE 812", "city": "LAS CONDES, SANTIAGO", "state": "F3", "zip": "00000", "phone": "56 2 231-5780"}, "mail-address": {"street1": "100 AUGUSTO LEGUIA", "street2": "SUITE 812", "city": "LAS CONDES, SANTIAGO", "state": "F3", "zip": "00000"}}
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
June 28,
2012
White
Mountain Titanium Corporation
(Exact Name of Registrant as Specified in Charter)
NEVADA
333-129347
87-057730
(State or Other Jurisdiction of Incorporation)
Commission File Number
(IRS Employer Identification No.)
Augusto Leguia 100, Oficina 1401, Las Condes, Santiago Chile
None
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (56
2) 657-1800
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities
Act
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act
¨
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act
Item 1.01 	Entry into a Material Definitive Agreement.
On June 28, 2012, we entered into a
letter of intent ("
LOI
") with
Hyundai Welding Co., Ltd., a Korean company
("
Hyundai Welding
") and Korea Resources Corporation, a Korean company ("
KORES
")
which contains both nonbinding proposals and binding provisions. Pursuant to the binding terms of the LOI, Hyundai Welding
and KORES are required to provide us with US$10,000,000 in funding for our Cerro Blanco project in Chile in three
installments of US$2,000,000 on or before July 7, 2012, US$3,000,000 on or before August 7, 2012, and US$5,000,000 on or
before August 31, 2012. In the event that we are unable to enter into a definitive agreement with Hyundai Welding and KORES
which reflects the proposed nonbinding provisions of the LOI by August 31, 2012, or if the LOI is terminated, any funds
advanced under the LOI will be converted into shares of our common stock based upon the three-month average closing price of
the stock during April, May and June 2012, as provided by OTC Markets. The common shares which would be issued by us upon
this conversion will not have been and will not subsequently be registered under the Securities Act and may not be offered or
sold in the United States absent registration or an applicable exemption from registration requirements. The LOI will expire
on August 31, 2012, or upon execution of the definitive agreement. The LOI may be terminated by mutual consent of the
parties, by us if either Hyundai Welding or KORES fails to make the initial cash advances, or by either party if it decides
not to proceed with the transaction.
Under the proposed terms of the definitive
agreement Hyundai Welding and KORES would form a joint venture which would purchase a 30% interest in Sociedad Contractual Minera
White Mountain Titanium, our wholly owned Chilean subsidiary, in return for US$60,000,000. If the definitive agreement is ultimately
closed, the cash advances paid under the binding terms of the LOI would be credited against this purchase price for the shares
of the subsidiary. The remaining US$50,000,000, subject to adjustment depending upon the outcome of the final feasibility study,
would be payable in one or more installments beginning 105 days following the completion of the final feasibility study on Cerro
Blanco.
The definitive agreement would also provide
for the joint venture to purchase quantities of titanium concentrate produced from Cerro Blanco in proportion to its equity ownership
in our Chilean subsidiary. As well, Hyundai Welding and KORES have offered to provide support at cost to advance Cerro Blanco to
final feasibility through the provision of engineering services, engagement of technicians and purchase of facilities and equipment
in Korea or elsewhere.
The LOI also contemplates that upon payment
of the US$10,000,000 advance and execution of the definitive agreement, the joint venture would be entitled to appoint two directors
to the Board of Directors of our Chilean subsidiary, although this would not constitute a majority of the directors of the company.
On February 1, 2012, we had previously entered into a LOI to provide rutile to Hyundai Welding which we anticipate would be addressed
in the definitive agreement.
In connection with the signing of the LOI,
we issued a press release, a copy of which is included as an exhibit to this filing.
Item 9.01 	Financial Statements and Exhibits.
Exhibit 99.1	Press release dated
June 29, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
White Mountain Titanium Corporation
Date:  June 29, 2012
By
/s/ Michael P. Kurtanjek
Michael P. Kurtanjek, President