Titan Minerals Limited has issued a prospectus offering New 70 cent Options exclusively to its underwriter and nominated entities. The offer opens on 4 June 2025 and will close at 5:00pm AWST on 11 June 2025, with final allotment and official quotation planned for 12 June 2025. The New 70 cent Options give holders the right to subscribe for one fully paid share for each option at an exercise price of A$0.70, with an expiry date of 31 January 2027. If exercised, the shares will rank equally with existing shares, and the company anticipates receiving approximately A$2.8 million in cash upon exercise, although no funds will be raised at the time of the offer. The prospectus is a transaction-specific document that includes detailed information about the terms of the offer, mechanisms for secondary trading, and the conditions attached to on-sale of the underlying shares. It also outlines key operational details such as the process for exercise, related adjustments for bonus and rights issues, and the application procedures through an acceptance and application form. The official quotation of the New 70 cent Options and the subsequent shares will be sought from the Australian Securities Exchange within seven days of the prospectus issuance, ensuring that the options can be traded in a liquid market after listing. Yet, the document emphasizes that the Company's investment opportunity is highly speculative. The prospectus highlights significant risks, including those related to exploration and mining operations in Ecuador, uncertainties about resource evaluations and drilling results, potential capital requirements, and challenges related to operating in a developing legal and political environment. Additional risks cover commodity price volatility, foreign exchange exposure, and potential delays or unforeseen issues in project development. For beginner traders, the news presents both opportunities and cautions. On a bullish note, the offer could result in increased market liquidity and may provide an avenue for future capital injection if the options are exercised. The structured timetable and official quotation process suggest a level of regulatory oversight that supports transparency in trading. Conversely, the bearish sentiment stems from the inherent risks of a speculative mineral exploration company. The uncertainties of operating across international borders, dependence on drilling and feasibility results, and the potential for significant fluctuations in share price underscore the need for cautious consideration. Investors are encouraged to review all disclosures in the prospectus carefully and consult professional advisers to understand how these factors align with their individual risk profiles.