Titan Mining Corp. disclosed that investor Richard W. Warke, together with his affiliated entities Augusta Ozama Investment LP and Augusta Investments Inc., beneficially owns 54.6% of Titan’s common shares on a partially diluted basis. Augusta Ozama holds 27,133,333 shares, while Augusta Investments holds 19,858,608 shares and 4,000,000 warrants exercisable at C$0.63 per share until November 1, 2028.
Warke’s total beneficial ownership includes his directly held shares and 1,433,333 stock options with various exercise prices and expiries, plus shares held through Ozama River Corp. The group states that the shares were acquired for investment purposes and to exert control over Titan Mining. They also note that, other than what is described here and in Titan’s registration statement filed November 13, 2025, they currently have no specific plans for major corporate changes such as mergers, asset sales, or board restructurings.