Titan Minerals

Titan and Hanrine Enter into Joint Venture s Earn-In Agreement

Hanrine to spend up to US$120M to earn 80% in Linderos Copper Project

Titan Minerals Limited (ASX: TTM) (Titan or the Company) refers to its ASX announcement dated 18 April 2024 and is pleased to announce that Titan and its wholly owned subsidiary, Linderos Mining S.A.S (Linderos), have executed a binding joint venture and earn-in agreement (JVA) with Hanrine Ecuadorian Exploration and Mining S.A. (Hanrine), an indirectly wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), for Hanrine to acquire up to an 8o% ownership interest in the Linderos Copper Project (Project) in Ecuador (Transaction).


Highlights

  • Titan and Hanrine, a wholly owned subsidiary of Hancock, have executed a formal binding joint venture and earn-in agreement in respect to the Linderos Copper Project in Ecuador
  • Hanrine will earn an initial 5% interest in the Linderos Copper Project by paying US$2.01 million and can earn up to an 80% interest in the Linderos Copper Project by either achieving specific exploration milestones and proceeding to a decision to mine or by sole funding up to US$120 (AU$180) million
  • Preparation for the initial 10,000m drilling campaign is underway, with technical site visits and meetings held and logistics planning now well advanced to facilitate drilling and associated exploration activities

Titan’s CEO Melanie Leighton commented:

“We are very pleased to have entered into formal binding arrangements with Hanrine for the Linderos Copper Project. The JV & earn-in agreement represents endorsement of what we believe is an exciting early-stage porphyry copper-gold discovery.

“We are well advanced in our technical discussions with Hanrine who are ready to commence exploration activities at the Linderos Copper Project, with expansion of the camp being the first task on the priority list to ensure seamless and efficient operations once drilling commences.

“We are pleased to be partnering with Hanrine, who have a well-established team in-country with the technical capability and financial capacity for us to mutually benefit from exploration success alongside contribution to the economy of Ecuador. We look forward to providing further updates on logistics and exploration activities as we prepare for commencement of the initial 10,000 metre drilling campaign at Linderos.”


Click here for the full ASX Release

This article includes content from Titan Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

TTM:AU
The Conversation (0)
Titan Minerals

Titan Minerals

Developing Ecuador’s Underexplored High-Grade Mineral Deposits

Developing Ecuador’s Underexplored High-Grade Mineral Deposits Keep Reading...
Nine Mile Metals Announces Upsizing of LIFE Offering

Nine Mile Metals Announces Upsizing of LIFE Offering

Nine Mile Metals Ltd. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) ("Nine Mile" or the "Company") is pleased to announce that, due to strong investor demand, it has upsized the listed issuer financing exemption offering previously announced on January 5, 2026 (the "Offering") from gross... Keep Reading...
Raptor Resources

Eastern Metals Recommences ASX Trading – Aiming to Unlock High-Potential Copper Discoveries in New Brunswick, Canada

Eastern Metals Ltd (ASX: EMS) (Eastern Metals or the Company) (to be renamed Raptor Metals Ltd (ASX: RAP)) is pleased to advise it has recommenced trading on the Australian Securities Exchange (ASX) today following its acquisition of Raptor Resources Limited (Raptor Resources). HIGHLIGHTS... Keep Reading...
Raptor Resources

Raptor Resources

An Exploration & Development Company with Copper Resources + Base Metals Offering Significant Potential in Critical Metals Keep Reading...
Blocks spelling "M&A" on chess board.

Rio Tinto, Glencore Restart Talks on US$260 Billion Mining Mega-Merger

Commodities giants Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) said on Thursday (January 8) that they have restarted talks about a potential business combination.The two major miners spoke previously back in 2024, but failed to reach an agreement. This time around,... Keep Reading...
Strategic Minerals (AIM: SML)

Q4 & 2025 Trading Update

Strong Cobre performance provides sustainable revenue and operational stability to enable continued advancement of the Redmoor Tungsten-Tin-Copper Project

Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to provide the following update on Q4 and 2025 performance and activities. HighlightsSignificant share price appreciation in 2025 - up 470% and one of the top performing... Keep Reading...
Copper bars with an upward-trending white graph on a black background.

Copper Price Hits All‑time High on Supply Constraints and Trade Fears

The copper price climbed to a fresh record on Tuesday (January 6), with persistent supply disruptions and trade uncertainty pushing the metal to a nearly 30 percent rally since October.Benchmark three month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to... Keep Reading...

Interactive Chart

Latest Press Releases

Related News