Titan Minerals (TTM) Q4 2025 earnings summary

Executive summary

• Completed a US$10 million share placement to Lingbao Gold International, securing a 9.9% stake and strategic partnership to accelerate the Dynasty Gold Project.

• Advanced resource drilling at Dynasty, defining new porphyry-hosted gold-silver-copper mineralisation and expanding high-grade zones.

• JV partner Hanrine continued major drilling at Linderos Copper Project, progressing toward a 51% interest.

• Share price nearly doubled during the quarter, supported by record gold, silver, and copper prices.

Financial highlights

• Ended the quarter with US$12.0 million in cash and working capital.

• Net cash from operating activities was negative US$740,000 for the quarter.

• Net cash used in investing activities totaled US$2.19 million for the quarter.

• Raised US$10 million from equity placement and US$3.57 million from option exercises.

• Net cash from financing activities was US$9.34 million for the quarter.

Outlook and guidance

• Dynasty Mineral Resource Estimate (MRE) update scheduled for early Q1 2026, expected to incorporate new high-grade and wide mineralisation zones.

• Ongoing drilling and feasibility studies at Dynasty to support future mine development.

• Linderos JV partner Hanrine advancing 15,000m drilling to earn up to 51% project interest.