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Titanium Sands Limited (ASX:TSL)

ALERT: Price-sensitive ASX Announcement for TSL
Current share price for TSL : $0.007 0 (0%)+
Announcement
Release
14 Oct 2025 9:18AM
Price at Release
$0.007
Full Release
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Summary
Titanium Sands Limited (TSL) has confirmed its Stage 2 funding arrangement, securing a loan up to $800,000 to be disbursed in two tranches. The funding, facilitated by CPS Capital Group, will support the finalization of environmental studies and the progress of the Industrial Mining Licence for their Mannar Island Project. The government of Sri Lanka, along with various departments, has shown support for the project, which aims to contribute to the country's economic development. The loan terms include an interest rate of 10% per annum, with a conversion option for shares, and require full repayment by December 2026. The funds will also cover general expenses and working capital.
Key Points
  • Stage 2 corporate funding finalized with major shareholders.
  • Loan of up to $800,000 arranged, split into two tranches.
  • Environmental studies are advancing and nearing completion.
  • Government departments are assisting with the mining licence process.
  • Interest accrues on loan at 10% per annum, with conversion options to shares.
  • Funds to be used for environmental studies, mining licence progression, and general expenses.
  • Support from Sri Lankan government for Mannar Island Project.
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.