RE:FNC.V RECEIVES 3.9M FUNDING - ONLY 7M Market Cap i think type of news investors need to first figure what it means, have to admit i did not have any TiO2 stuff in my analyses yet. only looked at Shares in 3rd party companies and royalties FNV owns.
imho they should have talks to Iluka (ASX.ILU - 2.5 Billion marketcap) for a stratgic investement.
If the process is really so promising they could be interested.
South 32 of (AUS spin co from BHP) recently invested in a couple of candian juiors.
Iluka is one of the biggest TiO2 producers, should take a PP at nice premium...
https://www.iluka.com/products/products-available however, almost 4mm$ in non-dilutive financing is good news and most important seems they finally delevoping a businessmodell for themselfs other than a mineral bank and a holding company of shares and non-producing royalties.