Versatile Applications of TiO2 + TMAS.c's Extraction Method What is TiO2 and why is the price of it surging? Titanium dioxide (TiO2) is a versatile form of titanium with numerous applications beyond its more recognized metal form. It constitutes 93% of global titanium extraction and is primarily used as a colorant due to its exceptional brightness. Additionally, it's highly reflective and UV-absorbent, making it crucial in sunscreen production. However, its utility extends beyond cosmetics, contributing to various industries for over a century, with its environmental benefits being particularly noteworthy.
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Temas Resources' (Ticker: TMAS.c or TMASF for US investors) TiO2 production process is remarkably cost-efficient, surpassing traditional methods by 144.8%. This innovation comes at a crucial time as the demand for TiO2 surges, evidenced by a significant price increase.
TMAS's La Blache Project in Quebec is a significant venture focused on titanium dioxide (TiO2) production, among other valuable elements, benefiting from Quebec's favorable mining conditions and government support for titanium mining.
The project covers 6,203.12 hectares and is strategically located just 100 km north of Baie-Comeau.
Utilizing innovative processing methods, including TMAS's proprietary technology, has achieved high recovery rates of TiO2 as well as iron and vanadium from the project.
The preliminary metallurgical testing of the oxide mineralization at the La Blache yielded a TiO2 product suitable for further processing to pigment-grade TiO2 which was fully recoverable and had a 90% recovery of iron and a 95% recovery of vanadium into a final high-purity product.
TMAS recently unveiled a preliminary economic assessment for La Blache, forecasting a net present value (NPV) of $6.6 billion across a 14-year mine lifespan. This projection is based on an annual production of 660,000 tonnes of titanium dioxide, with a payback period of 25 months and an internal rate of return of 60.8%.
With approximately 16.4 million shares outstanding, management maintains a direct ownership stake of about 13%, showcasing their strong commitment. Additionally, 40% of shares are held by trusted associates, friends, and family.
TMAS recently concluded the first tranche of non-brokered financing, securing an initial $1.2 million in gross proceeds, with further funding anticipated prior to finalizing the financing, to fuel its exploration efforts.
More on the La Blache Project here: https://temasresources.com/la-blache/
Posted on behalf of Temas Resources Corp.