Titanium Sands Limited (ASX:TSL)

Titanium Sands Limited (TSL) has issued a prospectus dated 9 July 2026, offering up to 242,713,629 New Options to holders of TSLOA Options at an issue price of $0.001 each, exercisable at $0.023 until 16 February 2029. This Options Offer is fully underwritten by CPS Capital. Additionally, a Bonus Offer of up to 970,854,517 New Options is available to successful applicants, providing four New Options for each one issued under the initial Offer, at no extra cost. A separate Lead Manager Offer grants 60,000,000 New Options to CPS Capital for their role in managing a loan. The net proceeds, after estimated expenses of $42,768, are intended for covering the costs of the Offers and general working capital. The Offers enable existing holders to participate in the company's development without raising additional capital. They also provide relief under ASIC regulations, allowing for the on-sale of New Options without further disclosures. The prospectus highlights risks associated with the investment, emphasizing that it is speculative and advising potential investors to consider these factors carefully.