Resouro Targets Mid-September for Private Placement to Fund 165M Tonnes Titanium Resource
Resouro Strategic Metals updates the timing for its non-brokered private placement, aiming to close in the week of 15 September 2025. The funds will accelerate engineering work for the Tiros Titanium-Rare Earths Project’s Preliminary Economic Assessment.
- Private placement expected to close mid-September 2025
- Proceeds to fund engineering program for Tiros project’s Preliminary Economic Assessment
- Tiros project holds significant titanium dioxide and rare earth oxides resources
- Company reiterates mineral resource estimates and capital structure details
- Placement securities not registered for US investors
Private Placement Update
Resouro Strategic Metals Inc. has announced that its previously disclosed non-brokered private placement of common shares is now expected to close in a single tranche during the week commencing 15 September 2025. This update follows the company’s initial announcement in August and clarifies the timing for investors and stakeholders eagerly awaiting the capital injection.
Funding the Tiros Project
The net proceeds from this private placement will be directed primarily towards advancing the engineering program for Resouro’s flagship Tiros Titanium-Rare Earths Project, located in Minas Gerais, Brazil. This engineering work is a critical step towards completing the Preliminary Economic Assessment (PEA), a key milestone that will provide a detailed evaluation of the project’s economic viability. Additionally, funds will support general working capital needs, ensuring operational flexibility as the company progresses.
Project and Resource Highlights
The Tiros project is notable for its substantial mineral resource, boasting 165 million tonnes of titanium dioxide and 5.5 million tonnes of total rare earth oxides within a measured and indicated resource of 1.4 billion tonnes. Situated in one of Brazil’s most infrastructure-friendly states, the project benefits from proximity to Belo Horizonte, enhancing logistical prospects. Resouro’s resource estimates remain robust, with no material changes since the April 2025 announcement, underscoring the project’s potential as a significant source of critical minerals.
Capital Structure and Regulatory Considerations
Resouro’s capital structure currently includes approximately 92.6 million shares on issue, with a fully diluted count exceeding 106 million securities when options, warrants, and performance rights are considered. The company has emphasized that the securities issued under this private placement will not be registered under the U.S. Securities Act, restricting sales within the United States and to U.S. persons, which is a standard regulatory compliance measure for cross-border offerings.
Looking Ahead
As Resouro moves towards closing this capital raise, the market will be watching closely for the subsequent progress on the Tiros project’s PEA and any updates on timelines or technical results. The successful completion of this funding round is a pivotal step in advancing the company’s strategic objectives in the titanium and rare earths sector.
Bottom Line?
The mid-September close of Resouro’s private placement marks a crucial juncture for advancing its Tiros project towards economic assessment and potential development.
Questions in the middle?
- What is the total amount Resouro aims to raise through this private placement?
- How might the results of the Preliminary Economic Assessment impact project financing or partnerships?
- Are there any anticipated changes to the project timeline following the engineering program?
