Titanium Sands Limited
TSL: Annual Report to shareholders
Titanium Sands Limited's annual report for the year ended June 30, 2026, details a net loss of $1.66 million and highlights a material uncertainty regarding its ability to continue as a going concern, dependent on securing additional funding. The report reiterates historical Mineral Resource Estimates for the Mannar Island Heavy Mineral Sands Project in Sri Lanka, originally announced in March 2023, which include 318 Mt at 4.17% THM (2% cut-off) and a higher-grade zone of 82 Mt at 6.03% THM (3% cut-off). The company also reports progress on regulatory approvals, with the Environmental Impact Assessment expected to be submitted by October 2026.