Temas Resources Corp. Appoints Kobi Ben-Shabat as Director

Rhea-AI Summary

Temas Resources Corp. (OTCQB:TMASF) has appointed Kobi Ben-Shabat as Director to provide independent oversight and strategic guidance, particularly for the company's upcoming IPO and A$15 million financing on the ASX. Ben-Shabat brings over 20 years of international experience in technology and resource companies, having served on boards of several ASX-listed firms.

Temas Resources owns advanced green mineral processing technologies and two mineral properties in Quebec, including the La Blache VTM/ilmenite project with 208.5Mt inferred @ 16.7% TiO2 Eq. The project's PEA shows impressive metrics with a C$6.6 billion NPV8 post-tax and 60.8% IRR over a 14-year mine life. The company is also exploring the Lac Brule hemoilmenite-hosted titanium deposit, similar to Rio Tinto's TiO2 deposit.

Positive

• Appointment of experienced director with proven track record in ASX-listed companies
• Upcoming ASX IPO with potential A$15 million financing
• La Blache project shows strong economics with C$6.6B NPV8 and 60.8% IRR
• Ownership of proprietary green mineral processing technologies
• 100% ownership of two strategic titanium properties in Quebec

Negative

• Early stage of development with no current revenue generation
• Execution risks associated with dual-listing strategy
• Capital intensive mining projects requiring significant financing

VANCOUVER, BC / ACCESS Newswire / July 14, 2025 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) is pleased to confirm Mr. Kobi Ben-Shabat has been appointed as a Director, effective immediately.

In his new role, Mr. Ben-Shabat will provide independent oversight and strategic guidance to the Company, including as part of the Initial Public Offering ("IPO") and associated financing of up to A$15,000,000 on the Australian Securities Exchange ("ASX"). He has over 20 years' of international experience as a founder, director, and strategist across high-growth technology and resource companies. Mr. Ben-Shabat has held board positions with several ASX-listed firms including Weebit Nano (ASX:WBT), UltraCharge (now Green360 Technologies, ASX:GT3), and MTM Critical Metals (ASX:MTM), and has led or supported numerous IPO, RTO, and M&A transactions, including Dotz Nano (ASX:DTZ) and Splitt (ASX:SPT). He holds an MBA in Marketing and IT from The University of Manchester and a Bachelor of Business Administration from Ruppin Academic Center.

Kobi Ben-Shabat, comments:

"Becoming a board member at Temas is an exciting new chapter. I believe my background, including my proven ability at MTM Critical Metals to effectively commercialize technology and generate substantial shareholder value, will be instrumental in guiding Temas through its next phase of innovation and market expansion."

Kyler Hardy, Director and Executive Chairman of Temas, confirmed:

" We are thrilled to welcome Kobi to the Board. His impressive track record in commercialising deep-tech ventures and executing complex capital markets strategies will be instrumental in driving the next phase of Temas' growth. Kobi's appointment underscores our commitment to assembling a world-class leadership team capable of delivering significant long-term value to our shareholders ."

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 100% of the exclusive mineral rights to two titanium, vanadium and iron bearing properties in Quebec. It is advancing the 208.5Mt inferred @ 16.7% TiO ₂ Eq La Blache VTM/ilmenite project where it has consolidated 100% ownership over three deposit areas. The Farrell-Taylor deposit is the subject of a current Preliminary Economic Assessment (the "PEA") showing C$6.6 billion NPV ₈ post tax, 60.8% IRR over a 14-year mine life. Temas is actively exploring exclusive mineral rights to its high-grade Lac Brule hemoilmenite-hosted titanium deposit which is geologically similar to Rio Tinto's (ASX:RIO) TiO ₂ deposit at the nearby Lac Tio mine in Sorel-Tracy, Quebec. The critical metals the Company is exploring for are central to our national mineral independence, and titanium is a key aerospace and defence industry metal.

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. 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. 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

FAQ

Who is the new director appointed to Temas Resources (TMASF) and what experience does he bring?

Kobi Ben-Shabat was appointed as Director, bringing over 20 years of experience with ASX-listed companies including Weebit Nano, UltraCharge, and MTM Critical Metals. He has expertise in IPOs, RTOs, and M&A transactions.

What are the key financial metrics of Temas Resources' La Blache project according to the PEA?

The La Blache project PEA shows a C$6.6 billion NPV8 post-tax and 60.8% IRR over a 14-year mine life, with an inferred resource of 208.5Mt @ 16.7% TiO2 Eq.

How much financing is Temas Resources seeking through its ASX IPO?

Temas Resources is pursuing an IPO on the Australian Securities Exchange (ASX) with associated financing of up to A$15,000,000.

What are the main assets owned by Temas Resources (TMASF)?

Temas Resources owns proprietary green mineral processing technologies and two Quebec properties: the La Blache VTM/ilmenite project and the Lac Brule hemoilmenite-hosted titanium deposit.

How does Temas Resources' Lac Brule deposit compare to other projects in the region?

The Lac Brule deposit is geologically similar to Rio Tinto's TiO2 deposit at the nearby Lac Tio mine in Sorel-Tracy, Quebec.