Temas Resources Confirms Successful C$510,000 Private Placement
Rhea-AI Summary
Temas Resources (OTCQB:TMASF) has successfully completed a non-brokered flow-through private placement, raising C$510,000 through the issuance of 1,700,000 common shares at C$0.30 per share. The financing, backed by cornerstone institutional investors, will fund exploration programs at the company's La Blache and Lac Brule titanium projects in Quebec.
Temas owns two significant titanium assets in Quebec: the La Blache project with 208.5Mt inferred @ 16.7% TiO2 resource showing C$6.6 billion NPV8 post-tax and 60.8% IRR over 14 years, and the Lac Brule deposit. The company also possesses advanced green mineral processing technologies applicable to metals and rare earth elements, offering improved environmental impact and operating margins.
Positive
- Strong institutional investor support for private placement
- Significant resource base of 208.5Mt inferred @ 16.7% TiO2 at La Blache project
- Impressive project economics with C$6.6B NPV8 and 60.8% IRR
- Ownership of green mineral processing technologies with licensing potential
Negative
- Dilution from new share issuance
- Securities subject to 4-month hold period
- Additional C$30,600 in finder's fees reducing net proceeds
News Market Reaction – TMASF
On the day this news was published, TMASF declined 4.83%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / July 7, 2025 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQBB:TMASF) is to announce the successful closing of its previously announced non-brokered flow-through private placement (the "Financing") of 1,700,000 common shares at a price of C
The private placement received strong support from existing cornerstone institutional investors. The proceeds of the financing will be used to advance exploration programs at its North American La Blache and Lac Brule titanium projects in Quebec, Canada, including the further development of Temas metallurgical intellectual property (IP) assets.
Tim Fernback, President and CEO of Temas, commented:
"The completion of this financing demonstrates continued confidence in our titanium assets and green mineral processing technology platform. We are excited to deploy this capital into advancing our Quebec-based TiO2 projects and metallurgy, unlocking further value for our shareholders."
All securities issued under the Financing are subject to a statutory hold period of four (4) months from the Closing Date, in accordance with applicable Canadian securities laws. A cash Finder's Fees of
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 with industry partners 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, please contact:
Tim Fernback
President and CEO
tfernback@shaw.ca
Jane Morgan
Jane Morgan Management
Mob: +61 405 555 618
jm@janemorganmanagement.com
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 release.
Cautionary Statement Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the expectations of management regarding the proposed Financing, the expectations of management regarding the use of proceeds of the Financing; and regulatory approval for the proposed Financing. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the Company may not complete the Financing; the proceeds of the Offering may not be used as stated in this news release; and those additional risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
SOURCE: Temas Resources Corp.
View the original press release on ACCESS Newswire