Temas Enters Into Option Agreement
Rhea-AI Summary
Temas Resources Corp. (OTCQB:TMASF) has entered into an option agreement to acquire the remaining 50% ownership of ORF Technologies Inc., which would give Temas full control of ORF's valuable intellectual property portfolio. The company's ORF subsidiary owns 11 novel patents in polymetallic metallurgical processing, featuring the innovative Regenerative Chloride Leach (RCL) technology.
The RCL technology demonstrates a 65% cost reduction in TiO2 processing, achieves >95% reagent recycling rates, and produces high-purity products (99.8% TiO2). Several companies in Indonesia, Australia, and North America are evaluating the technology for licensing opportunities. The technology applies to critical metals, battery metals, PGMs, and rare earth elements.
Additionally, Temas owns two titanium properties in Quebec, including the La Blache project with 208.5Mt inferred @ 16.7% TiO2 resources, showing a C$6.6 billion NPV and 60.8% IRR over 14 years in its PEA.
Positive
- Acquisition of remaining 50% of ORF Technologies provides full control over valuable IP portfolio
- RCL technology demonstrates 65% cost reduction in TiO2 processing
- High reagent recycling rate of >95% indicates strong environmental performance
- Multiple third-party companies evaluating technology for licensing opportunities
- La Blache project shows strong economics with C$6.6B NPV and 60.8% IRR
- Significant resource base of 208.5Mt inferred @ 16.7% TiO2 Eq at La Blache
Negative
- Option agreement still subject to final Shareholder Purchase and Sale Agreement
- Technology adoption by third parties still in evaluation phase, no confirmed licensing deals
News Market Reaction – TMASF
On the day this news was published, TMASF declined 12.04%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / July 10, 2025 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF)(FSE:26P0) is pleased to announce that it has entered into an option agreement (the "Option Agreement") pursuant to which the remaining individual shareholders of ORF Technologies Inc. ("ORF") have agreed to grant the Company an exclusive option to acquire the remaining fifty percent (
The option, once exercised, will be subject to a subsequent Shareholder Purchase and Sale Agreement of which the material terms have been agreed to by both Parties.
Mr. Kyler Hardy, Temas Executive Chairman and Director comments: "Acquiring full ownership of ORF and its Intellectual Property assets will mark a transformative moment for our company. With
The ORF portfolio of patents are all related to hydrometallurgical mineral extraction of concentrates, whole ores, slags and tailings to enhance recovery of critical metals, battery metals, Platinum Group Minerals ("PGMs"), precious and base metals and Rare Earth Element ("REE") recovery at materially higher through-yields and lower capital and operating costs than many of the conventional approaches that are in use traditionally. This novel Regenerative Chloride Leach ("RCL") technology is ideally suited to treat increasingly complex ores in an environmentally sensitive manner.
Below is a Summary of Benefits the ORF - RCL Technology:
Validated Cost Reduction: A significant cost reduction of over
Environmental Performance: The closed-loop design and high reagent recycling rates (>
High Recovery Potential: Just as we've demonstrated high-quality,
This results in a quicker and more complete liberation of the target metals using atmospheric pressure and lower temperatures than competing methods and improves the selectivity and efficiency of subsequent solvent extraction steps.
Once fully consummated, the Company will owns 11 novel patents in polymetallic metallurgical processing through its wholly subsidiary ORF Technologies Inc.
Beyond developing the Intellectual Property ("IP") for use at Temas' wholly owned La Blache VTM project, several third-party companies are currently evaluating the ORF IP for processing operations in Indonesia (Ni/Co/Mg/Fe), Australia (Au/Fe), the United States (Minnesota) and Ontario, Canada (both TiO 2 /V/Mg/Fe) as potential licensing opportunities.
About Temas Resources
Temas Resources Corp. (CSE:TMAS)(OTCQB:TMASF) owns a suite of advanced green mineral processing technologies which it is not only applying to its mineral exploration projects in North America but looking to license and partner with other mineral developers and operators in need of proactive commercial solutions worldwide. The novel suite of technologies is applicable to many different metals and rare earth elements and studies have shown that it reduces the environmental impact and carbon footprint of metal extraction while significantly improving operating margins through advanced processing and patented leaching technologies.
Additionally, the Company owns
All public filings for the Company can be found on the SEDAR+ website www.sedarplus.ca. For more information about the Company, please visit www.temasresources.com.
For further information or investor relations inquiries:
Tim Fernback
President and CEO
timf@temasresources.com
Tel: (604) 340-3774
Cautionary Note Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward-looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
SOURCE: Temas Resources Corp.
View the original press release on ACCESS Newswire