
September 17, 2024
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)
31 March 2022
Titan Minerals
Developing Ecuador’s Underexplored High-Grade Mineral Deposits
Developing Ecuador’s Underexplored High-Grade Mineral Deposits Keep Reading...
17h
Glencore, Canada Near Deal to Keep Key Copper Smelter Open
Glencore (LSE:GLEN,OTCPL:GLCNF) is in talks with Canadian federal and Quebec provincial authorities over a potential deal to keep the Horne smelter operating after stricter emissions rules put a key piece of North America’s copper supply chain at risk.Canada’s only copper smelter, located in... Keep Reading...
30 March
Rio Tinto Secures Resolution Copper Land, Launches US$500 Million Drill Program
Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has cleared a key legal hurdle at its Resolution Copper project in Arizona, allowing the miner to advance exploration at a deposit expected to rank among the largest sources of the metal in the US.The group said it has secured control of land required for the... Keep Reading...
26 March
Copper Price Update: Q1 2026 in Review
The copper market has been on a wild ride for much of the past year. 2025 was punctuated by tariff threats, supply-side disruptions and increasing demand, events that bled into 2026 and helped push copper prices to record highs at the beginning of the year. A US Supreme Court decision that... Keep Reading...
24 March
5 Best-performing Copper Stocks on the TSX in 2026
Copper stocks are being supported by an increasingly constrained supply environment in 2026.Structural demand drivers, including electrification, digital infrastructure and industrial expansion are underpinning long-term growth, particularly in emerging markets. On the supply side, however,... Keep Reading...
24 March
Top 5 Junior Copper Stocks on the TSXV in 2026
Junior copper stocks are seeing significant support from the copper supply and demand story in 2026 as companies look to make the next big discovery of the red metal.Copper prices soared at the start of the year amid an increasingly tight supply situation. The expectation is that copper demand... Keep Reading...
24 March
Infographic: Copper Market Facing Pressure as AI Demand Accelerates
The buildout of artificial intelligence (AI) infrastructure is running on a timeline the copper industry cannot match, sharpening concerns over whether supply can keep up with demand.Data compiled by MiningVisuals shows that a new AI data center typically reaches operation in 18 to 23 months,... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






