Titanium-based Metal Matrix Composites (MMCs) manufactured by additive manufacturing offer tremendous lightweighting opportunities. However, processing the high reinforcement contents needed to substantially improve elastic modulus while conserving significant ductility remains a challenge. Ti-TiC MMCs fabricated in this study reported fracture strains in tension up to 1.7% for a Young’s modulus of 149 GPa. This fracture strain is 30% higher than the previously reported values for Ti-based MMCs produced by Laser Powder Bed Fusion (LPBF) displaying similar Young’s moduli. The heat treatment used after the LPBF process leads to the doubling of the fracture strain thanks to the conversion of TiCx dendrites into equiaxed TiCx grains. The as-built microstructure shows both un-dissolved TiC particles and sub-stoichiometric TiC dendrites resulting from the partial dissolution of TiC particles. The reduction of the C/Ti ratio in TiC during the process results in an increase in the reinforcement content, from a nominal 12 vol% to an effective 21.5 vol%. The variation of the TiC lattice constant with its stoichiometry is measured, and an empirical expression is proposed for its effect on TiC’s Young’s modulus. The lower TiC powder size distribution displayed higher mechanical properties thanks to a reduced number of intrinsic flaws.