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Las Vegas, NV., Nov. 17, 2023 (GLOBE NEWSWIRE) — Titan Lithium Inc., (OTC Markets: CDSG) (the “Corporate” or “CDSG”) is happy to announce it has finished the entire switch of 100% passion within the Titan 1 and Titan 2 Prospecting Licenses in Tanzania into the Corporate’s’ Kilimanjaro Lithium Ltd (“KLL”) subsidiary.

Mineral rights in Tanzania are held below plenty of forms of licenses granted below the rustic’s complete Mining Act. Exploration initiatives are held by means of a Prospecting License (“PL”) which permits the holder to habits quite a lot of exploration paintings till this kind of time as a mining license is needed for exploitation.

The seller finished the switch of 100% of the 2 Prospecting Licenses for Titan 1 and Titan 2, PL 12353/2023 and PL 12338/2023, into KLL on November 14, 2023. The Prospecting Licenses that have been transferred have been duily recorded pursuant to segment 123(1) of the Mining Act within the central check in on November 16, 2023. The licenses might be to be had to view at the corporate’s site at the “About Us” tab.

Those two PLs are thought to be potential to the invention of sediment hosted lithium taste mineralization inside a rustic wealthy in mineral sources. Tanzania is endowed with many forms of minerals together with gold, iron ore, nickel, copper, cobalt, gem stones, commercial minerals in addition to uncommon earth minerals.

Tanzania is the fourth biggest gold manufacturer in Africa and residential to complex important mineral initiatives similar to graphite, lithium and the high-grade nickel-copper-cobalt Kabanga deposit. Previous this yr, below a Presidential plan to speedy monitor such deposits, Tanzania signed agreements value $667 million for graphite and uncommon earth initiatives with a number of Australian mining corporations. As neatly, in February 2023, EV maker Tesla signed an settlement below which it’s going to acquire between 17,500 to 35,000 lots in step with annum of Anode Energetic Subject material (AAM) from a manufacturer in Tanzania.

“Operating carefully with the seller we’re more than happy to have the licenses absolutely transferred”, commented Chairman Harp Sangha. “Our subsequent steps will come with the graduation of labor that can come with a strategic drill marketing campaign designed to supply a maiden mineral useful resource that we are hoping will raise the initiatives considerably.”

Concerning the Corporate: China Dongsheng World Inc. (OTC Markets: CDSG), thru its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA, and The United Republic of Tanzania.


Harp Sangha-Chairman

(electronic mail safe)


Ahead-Taking a look Statements:

This press unlock might include “forward-looking statements” inside the which means of the Non-public Securities Litigation Reform Act of 1995, similar to statements in the case of monetary effects and plans for long term building actions and are thus potential. Ahead-looking statements come with all statements that aren’t statements of ancient reality in regards to the intent, trust or present expectancies of the Corporate, its administrators, or its officials. Traders are cautioned that this kind of forward-looking statements aren’t promises of long term efficiency and contain dangers and uncertainties, lots of which can be past the Corporate’s talent to keep watch over. Exact effects might vary materially from the ones projected within the forward-looking statements. Some of the components that might purpose exact effects to vary materially from the ones indicated within the forward-looking statements are dangers and uncertainties related to the Corporate’s trade and funds generally, together with the facility to proceed and set up its enlargement, festival, international financial stipulations and different components mentioned intimately within the Corporate’s periodic filings with the Securities and Trade Fee.

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