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Temas Resources Corp. reports developments in critical-minerals resource ownership and proprietary metallurgical processing. The company owns the La Blache and Lac Brûlé titanium-vanadium-iron projects in Québec and advances its patented Regenerative Chloride Leach (RCL) technology platform for extracting metals from complex mineralization, concentrates, slags and tailings.
Recurring news includes drilling and re-assay work at La Blache’s Farrell-Taylor Fe-Ti-V oxide system, accessory metal results for gallium, scandium and chromium, RCL pilot testing and laboratory deployment, third-party metallurgical service contracts, technology commercialization activity, scientific advisory appointments and flow-through financing for Canadian exploration expenditures.
Temas Resources Corp. (CSE: TMAS; OTCQB: TMASF) has announced the termination of its Option Agreement with Erin Ventures for the Piskanja Borate project, effective January 22, 2023. Additionally, President and CEO Michael Dehn has resigned, with Samuel “Kyler” Hardy appointed as his replacement. Hardy aims to advance the company's Iron-Titanium-Vanadium projects in Quebec. Temas focuses on sustainable mineral processing technologies to reduce environmental impacts.
Temas Resources Corp. (CSE: TMAS) has successfully closed a non-brokered private placement, issuing 1,875,000 flow-through units at $0.08 per unit, totaling $150,000 in gross proceeds. Each unit includes one common share and a half warrant, allowing purchase of additional shares at $0.10 for three years. Proceeds will fund exploration in Quebec's iron-titanium-vanadium projects. The Company also compensated the finder with cash and warrants. All securities issued are subject to a four-month hold period.
Temas Resources Corp. (CSE: TMAS) has initiated a helicopter-supported diamond drilling program at its La Blache Ti-V-Fe project in Quebec. This program aims to confirm historical drill results and enhance confidence in mineral estimates, targeting approximately 4000m across 15 holes. The company has previously completed a metallurgical study indicating a high recovery rate of iron and vanadium. The La Blache project spans 9466.97 hectares and contains four titaniferous magnetite lenses. The results from this infill drilling will support a Preliminary Economic Assessment expected in the first half of 2023.
Temas Resources Corp. (CSE: TMAS) has successfully closed a non-brokered private placement issuing 7,625,000 flow-through units at $0.08 per unit, raising gross proceeds of $610,000. Each unit includes a common share and a half warrant, exercisable at $0.10 for three years. Proceeds will be allocated to exploration activities for the company's Quebec projects. Additionally, a private placement of 1,000,000 shares at $0.057 was conducted under a $5 million equity investment facility with Crescita Capital. All securities are subject to a four-month hold period.
Temas Resources Corp. has filed a Preliminary Economic Assessment (PEA) for the Piskanja boron project in Serbia, showcasing a post-tax NPV of US$524.9 million and an IRR of 78.7%. The report indicates an initial capital cost of US$79.9 million with a payback period of 12 months from commercial production. Over its 16-year lifespan, the project could generate $2.02 billion in revenue, yielding net cash flow of $1.21 billion. The average annual EBITDA is projected at $91.3 million.
Temas Resources Corp. (CSE: TMAS) announced successful pilot plant results for recovering high purity titanium dioxide (TiO2) from ilmenite-rich anorthosite ore at its La Blache property in Quebec. A total of 88 kg of TiO2 was produced with an average purity of 99.8%. The recovery process achieved an overall Ti recovery rate of 80.6%. The pilot results will support a Preliminary Economic Assessment (PEA) for the project, indicating promising commercial potential for TiO2 applications, including pigments and consumer products.
Temas Resources Corp. (CSE: TMAS) and Erin Ventures Inc. announce a positive Preliminary Economic Assessment (PEA) for the Piskanja boron project in Serbia. Key figures include a post-tax NPV of US$524.9 million, an IRR of 78.7%, and a 12-month capex payback. The project is expected to generate a total gross revenue of US$2.02 billion and a net cash flow of US$1.21 billion over its 16-year life. Enhanced by strong local infrastructure and low operating costs, the PEA supports the project's potential contribution to global decarbonization efforts.
Temas Resources Corp. (CSE: TMAS) and Erin Ventures Inc. announce a positive Preliminary Economic Assessment (PEA) for the Piskanja boron project in Serbia. The PEA reveals a post-tax Net Present Value (NPV10%) of US$524.9 million and an Internal Rate of Return (IRR) of 78.7%. The project boasts an initial capital cost of US$79.9 million with a 12-month payback period. Gross revenue is estimated at US$2.02 billion, leading to a net cash flow of US$1.21 billion and a profitability index of 6.57X. The PEA supports the project's potential to meet growing boron demand amid the global shift towards net zero emissions.
Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF) announces significant progress in pilot plant testing of its patented ORF Technology for Titanium Dioxide (TiO2). Recovery rates from the pilot tests for Titanium, Iron, and Vanadium reached averages of 73%, 92%, and 99%, respectively. The company reports strong interest from mining and chemical manufacturers for technology licensing, specifically in processing ilmenite and nickel ores. This innovative process aims to improve environmental impact while enhancing profit margins for industry stakeholders.
Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF) announced the appointment of David Kwok as the new Chief Financial Officer, replacing David Robinson, who joins the Board of Directors. Kwok, a CPA with over 18 years in public company management, has experience in the resource sector. The company also granted Kwok 150,000 stock options at $0.12 per share, vested immediately with a three-year term. This leadership change is aimed at enhancing financial oversight, aligning with Temas' focus on growing its iron, titanium, and vanadium projects in Quebec.