Change of Auditor
Rhea-AI Summary
Temas Resources (OTCQB:TMASF) advised on December 10, 2025 that De Visser Gray LLP resigned as auditor and HLB Mann Judd was appointed effective the same day.
The Board said the change followed a review of audit and reporting needs tied to the company’s ASX listing and planned future reporting obligations, and that HLB Mann Judd was chosen for its experience with dual-listed entities and Australian reporting to support compliance and growth.
Contact details for President & CEO Tim Fernback and Investor & Media Relations Jane Morgan are provided, and the company website is listed.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, TMASF declined 6.69%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
Peers in Other Industrial Metals & Mining showed mixed moves, from -2.34% (PRRSF) to +10.94% (PAANF), suggesting TMASF’s -6.69% move was more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2025-11-13 | Drill program update | Positive | +2.3% | Progress on 2,500m drill campaign and RCL metallurgical core collection. |
| 2025-11-05 | Drill program launch | Positive | -12.0% | Start and acceleration of ~2,500m drilling with multiple rigs at La Blache. |
| 2025-10-30 | Technology acquisition | Positive | +4.3% | Exercise of option to acquire remaining 50% of ORF Technologies and 11 RCL patents. |
| 2025-10-26 | ASX listing | Positive | -23.2% | Commencement of ASX trading after AU$11.0M capital raise at AU$0.20 per share. |
| 2025-08-29 | ASX prospectus | Positive | -4.7% | Prospectus filing for 55M CDIs at A$0.20 to raise A$11M for RCL and exploration. |
Recent operational and financing news skew positive in tone, but price reactions have more often been negative, indicating a pattern of selling into favorable announcements.
Over the past six months, Temas issued several growth-focused updates, including ASX listing steps, drilling programs at La Blache, and full ownership of ORF Technologies’ RCL processes. These releases generally emphasized funding, technology control, and project advancement, yet price reactions frequently turned negative. The current auditor change, linked to ASX-related reporting needs, follows this period of structural and capital markets repositioning without directly altering project or financing terms.
Market Pulse Summary
The stock moved -6.7% in the session following this news. A negative reaction despite this administrative change would fit a pattern where Temas has often seen weakness around otherwise constructive updates, such as its ASX listing and drilling progress. Since the announcement centers on aligning audit capabilities with dual-listing requirements, it does not alter project fundamentals. Any extended decline could reflect broader skepticism rather than a shift in asset quality or strategy.
AI-generated analysis. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / December 10, 2025 / Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) ("Temas" or the "Company"), advises that De Visser Gray LLP has resigned as auditor of the Company, and HLB Mann Judd has been appointed as auditor effective from today.
The change follows a review of the Company's audit and reporting requirements in connection with its ASX listing and planned future reporting obligations. The Board determined that appointing an audit firm with experience in dual-listed entities and Australian reporting requirements would better support the Company's ongoing compliance and growth strategy.
The Company would like to thank De Visser Gray LLP for their services and professional support during their tenure.
- ENDS -
Approved for Release by the Board of Directors
For further information, contact:
Tim Fernback | Jane Morgan |
Or visit our website at www.temasresources.com
About Temas Resources
Revolutionising Metal Production
Proprietary IP. Global Licensing. Titanium & Critical Minerals.
Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company's patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions - validated at up to
Temas' RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements.
Complementing its technology division, Temas also owns
Through this combination of innovative IP commercialisation and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.
Follow us:
https://temasresources.com/
https://x.com/TMASResources
https://www.linkedin.com/company/temas-resources-corp/
SOURCE: Temas Resources Corp.
View the original press release on ACCESS Newswire
FAQ
What auditor change did Temas Resources (TMASF) announce on December 10, 2025?
Why did Temas Resources (TMASF) appoint HLB Mann Judd as auditor?
When did the auditor change for Temas Resources (TMASF) take effect?
Will the auditor change affect Temas Resources' ASX reporting obligations?
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