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UNITED STATES SECURITIES AND EXCHANGE
COMMISSIONWashington, D.C. 20549

FORM 10-Q/A

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT

For the transition period from _______________ to
_______________

Commission File Number 333-129347

WHITE MOUNTAIN TITANIUM CORPORATION(Name of small business issuer in its charter)

|NEVADA                                   |  | 87-0577390              
|---------------------------------------- |  | ------------------------
|(State of incorporation or organization) |  | (IRS Identification No.)

Augusto Leguia 100, Oficina 1401Las Condes,
SantiagoChile(Address of principal executive
offices)

(56) 22 657-1800(Issuers telephone
number)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed under Section 13 or 15(d) of the Exchange Act
during the past 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X]     No
[  ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
Yes [X]     No [  ]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer, and smaller reporting company in Rule 12b-2 of the
Exchange Act.

|Large Accelerated Filer [  ]                                                     | Accelerated
      Filer                    
      [  ]
|-------------------------------------------------------------------------------- | ------------------------------------------------------
|Non-Accelerated Filer   [  ]
      (Do not check if a smaller reporting company) | Smaller Reporting Company [X]                         

Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act). Yes [ 
]     No [X]

85,835,392 shares of the issuers common stock, $.001 par
value, were issued and outstanding at November 10, 2014.

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EXPLANATORY NOTE

On November 13, 2014, White Mountain Titanium Corporation (the
Company) filed its Quarterly Report on Form 10-Q for the quarterly period
ended September 30, 2014 (the Original Form 10-Q). The purpose of this first
amendment to the Original 10-Q is to file as an exhibit the Amendment to Binding
Memorandum of Understanding, which amendment was executed on September 11, 2014.

This Form 10-Q/A speaks as of the original filing date of the
Original Form 10-Q, does not reflect events that may have occurred subsequent to
the original filing date, and does not modify or update in any way disclosures
made in the Original Form 10-Q, other than as noted above.

PART II. OTHER INFORMATION

Item 5. Other Information

On September 11, 2014, the Company entered into an amendment to
the Binding MOU with Grand Agriculture Investment Limited, an entity controlled
by Kin Wong, the CEO and a director of the Company, (the Amendment). The
Amendment increased the number of Second Tranche Units (as defined in the
Binding MOU) by 12,500,000 to be offered at a price of $0.40 per unit for
additional gross proceeds of up to $5,000,000. The Amended provides that the net
proceeds from these additional units would be allocated, if needed, for
completion of the Companys environmental impact statement, the bankable
feasibility study, or such other activities as determined by the Board of
Directors as being of strategic importance to the Company.

A copy of the Amendment is included as an exhibit to this
amended report.

Item 6. Exhibits

The following exhibits are filed with this amendment:

|Exhibit No. |  | Description                                                              
|----------- |  | -------------------------------------------------------------------------
|10.1        |  | Amendment to Binding Memorandum of Understanding dated September 11, 2014
|31.1        |  | Rule 15d-14(a) Certification by Chief Executive Officer                  
|31.2        |  | Rule 15d-14(a) Certification by Chief Financial Officer                  

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this amended report to be
signed on its behalf by the undersigned hereunto duly authorized.

White Mountain Titanium
Corporation

|Date: February 27, 2015 | By | /s/
      Eric Gan               
|----------------------- | -- | ---------------------------------
|                        |    | Eric Gan, Chief Financial Officer
|                        |    | (Principal Financial Officer)    

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