InvestSMART

Titan Minerals Limited (ASX:TTM)

ALERT: Price-sensitive ASX Announcement for TTM
Current share price for TTM : $0.675 0.2 (42.11%)+
Announcement
Release
15 Oct 2025 9:25AM
Price at Release
$0.475
Full Release
download
Summary
Titan Minerals Limited has executed a US$10 million subscription agreement with Lingbao Gold International Company Ltd, whereby Lingbao will acquire 9.9% of Titan's issued share capital. The strategic investment aims to provide low dilution funding to accelerate resource drilling and derisking studies at the Dynasty Gold Project in southern Ecuador. Lingbao Gold, a Hong Kong-listed gold mining enterprise, offers significant capital and technical expertise, which aligns with Titan's objectives to advance the Dynasty Gold Project, potentially processing its ores at Lingbao's facilities in China. The agreement includes an Exclusivity Deed granting Lingbao a 90-day exclusivity period for due diligence and a 180-day right of first refusal on the Dynasty Gold Project.
Key Points
  • US$10 million subscription agreement with Lingbao Gold.
  • Lingbao to acquire 9.9% of Titan's issued share capital.
  • Investment to fund resource drilling and studies at Dynasty Gold Project.
  • Lingbao provides access to capital and technical expertise.
  • Exclusivity Deed with 90-day due diligence period.
  • 180-day right of first refusal for Dynasty Gold Project disposal.
  • Potential processing of Dynasty Project ores at Lingbao's facilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.