Titan Minerals: Raises A$18m to fund Dynasty drilling, Ecuador

Titan Minerals Raises A$18m to fund Dynasty drilling, Ecuador

• Titan Minerals (TTM) successfully taps investors for $18 million to help fund exploration work at its South American projects
• The company raises the funds through a share placement, with new shares valued at 10 cents a pop
• The cash injection will help fund drilling work at Titan’s flagship Dynasty project in Ecuador and other exploration work at neighbouring projects
• Titan says it plans to deliver a mineral resource for the Dynasty project before the end of 2021
• Shares in TitanMinerals close 15 per cent higher at 12 cents each this afternoon