Resouro Reports $2.83M Loss, Raises $3M, Updates Tiros Resource to 1.9bn Tonnes

Financial Overview and Capital Raising

Resouro Strategic Metals Inc. has released its unaudited condensed interim consolidated financial statements for the three and nine months ended December 31, 2025. The company recorded a total comprehensive loss of CAD 2.83 million for the nine-month period, an improvement from the CAD 5.28 million loss reported in the prior year. Despite ongoing losses, Resouro bolstered its financial position by raising CAD 3 million through a private placement in October 2025, maintaining a cash balance of approximately CAD 2.02 million to fund its exploration and administrative activities.

Tiros Project, A Globally Significant Resource

The highlight of Resouro’s recent activities is the advancement of the Tiros Titanium Dioxide and Rare Earth Elements Project located in Minas Gerais, Brazil. The company updated its JORC mineral resource estimate in April 2025, reporting a substantial 1.9 billion tonnes at 12% titanium dioxide (TiO2) and 3,920 parts per million total rare earth oxides (TREO). This positions Tiros as one of the largest undeveloped titanium dioxide and rare earth element resources globally, with a high-grade domain containing 120 million tonnes at 9,000 ppm TREO and 23% TiO2.

Resouro’s exploration strategy includes ongoing metallurgical studies and environmental impact assessments, critical steps toward defining the economic viability of the project. The company also expanded its land holdings by acquiring three additional tenements contiguous with the existing Tiros project area, further consolidating its position in this highly prospective region.

Corporate Developments and Market Access

In June 2024, Resouro successfully completed a dual listing on the Australian Securities Exchange (ASX), raising over CAD 7.3 million in a concurrent private placement. The listing has enhanced the company’s profile and liquidity, complemented by the August 2025 approval for Depository Trust Company (DTC) eligibility in the United States. This development facilitates easier electronic clearing and settlement of shares on the OTCQB market, broadening access for U.S. investors and potentially increasing trading volumes.

Operational Highlights and Challenges

While exploration expenditures remain significant, reflecting the company’s commitment to advancing its projects, management fees and professional costs have decreased compared to prior periods. The company continues to focus on the Tiros Project’s metallurgical testing and environmental studies, essential for progressing toward feasibility assessments.

Resouro also maintains interests in the Novo Mundo Gold Project and the early-stage Santa Angela Project in Brazil, with ongoing exploration activities. However, the company acknowledges material uncertainties related to its going concern status due to accumulated losses and the need for continued financing.

Governance and Outlook

Key management compensation has decreased, reflecting operational efficiencies. The Board remains confident in the company’s ability to raise additional capital as needed. Resouro’s strategic focus on rare earth elements and titanium dioxide aligns with growing global demand for critical minerals, positioning the company well for future growth pending successful project development and market conditions.