Titanium Sands Ltd. ( (AU:TSL) ) has shared an announcement.
Titanium Sands Limited has announced a capital raising of $500,000 through a placement to sophisticated and professional investors, managed by CPS Capital. The funds raised will be used to advance the regulatory process for the Mannar Island Heavy Mineral Project in Sri Lanka and for general working capital. The project shows a significant Stage One Net Present Value of $545 million, and the company is making progress with the support of local authorities and stakeholders, including the newly appointed Sri Lankan President and government.
More about Titanium Sands Ltd.
Titanium Sands Limited operates in the mining industry with a focus on heavy mineral projects. The company’s primary project is the Mannar Island Heavy Mineral Project in Sri Lanka, where it is working towards obtaining an Industrial Mining Licence.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.94M
For detailed information about TSL stock, go to TipRanks’ Stock Analysis page.