TMAS.c is Positioned for Growth with its La Blache Ti Proj. The North American Titanium Dioxide market is seeing significant growth, particularly driven by the paints and coatings sector, where titanium dioxide is essential for its high whiteness and opacity. The market, bolstered by these growing industries, is forecasted to see substantial growth through to 2029.
https://www.mordorintelligence.com/industry-reports/north-america-titanium-dioxide-market/market-trends
Temas Resources Corp. (Ticker: TMAS.c or TMASF for US investors) is establishing itself as a significant entity in North America's titanium exploration and development sector, with its notable La Blache Ti Project in Quebec.
The La Blache Project, situated in eastern Quebec, encompasses 117 claims covering 6,203 hectares. This project is part of the La Blache Anorthosite Complex and includes the Farrell-Taylor magnetite-ilmenite deposit, along with the Hervieux-Est and Hervieux-Ouest mineralization zones.
Utilizing proprietary processing technology obtained from ORF Technologies, Temas Resources is capable of efficiently extracting high-quality titanium dioxide (TiO2), vanadium pentoxide (V2O5), and ferric oxide (Fe2O3) from the ore.
A preliminary economic assessment (PEA) of the La Blache Project indicates a post-tax net present value of $6.6 billion at an 8% discount rate, with a post-tax internal rate of return of 60.8%.
The project is projected to yield a total of 9.2 million tonnes of TiO2, 40.6 million tonnes of Fe2O3, and 152,000 tonnes of V2O5 over a 14-year mine life. The payback period for the project is expected to be less than two years from the commencement of production, underscoring its robust financial viability.
By enhancing Canadian production capabilities, Temas Resources is set to provide a reliable and high-quality source of titanium, thereby reducing reliance on potentially unstable foreign suppliers.
Company website: https://temasresources.com
Posted on behalf of Temas Resources Corp.