Despite sanctions intended to weaken Russia's ability to wage war, Bombardier, a Canadian jet manufacturer, is partnering with a Russian titanium supplier. This supplier has been found to provide parts for Russian missiles and drones, which are used to destroy Ukrainian cities and harm civilians.
https://www.thestar.com/opinion/contributors/bombardiers-import-of-russian-titanium-enables-russia-s-destruction-of-ukraine/article_0552058c-0657-11ef-a053-57ffcc2232a9.amp.html
This shows how securing a domestic supply of Titanium is critical for upholding Canada's geopolitical interests and supporting international efforts for peace and stability. Similarly, the U.S. Department of the Interior has deemed titanium and vanadium as essential to both national security and economic stability.
Temas Resources Corp. (Ticker: TMAS.c or TMASF for US investors) is on a mission to help meet domestic and global demand for titanium and vanadium.
Strategically positioned in the Grenville Geological Province of Quebec, TMAS operates within the vicinity of the renowned Lac Tio, known for housing the world's largest solid ilmenite deposit. This area is recognized for its favorable mining conditions and stability, where TMAS conducts its operations at the La Blache and Lac Brule Projects.
The La Blache Property encompasses 127 mineral claims, primarily centered around the Farrell-Taylor deposit, where more than 15,000 meters of drilling have already been completed.
Recently, TMAS unveiled a preliminary economic assessment for La Blache, forecasting a net present value of $6.6 billion over a 14-year mine life. 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%.
Covering 36 claims across 2,016 hectares, the Lac Brule Project is situated within the Labrieville Anorthosite Complex. Previous drilling and metallurgical tests have shown promising results, indicating high concentrations of TiO2, V2O5, and iron oxides.
The company also boasts a robust portfolio of intellectual property and patents, particularly focusing on sustainable extraction and processing technologies, often in collaboration with esteemed institutions such as the University of Minnesota.
TMAS has made significant strides in using their unique metallurgical processes, as demonstrated by successful pilot plant testing resulting in a 97.8% titanium dioxide (TiO) product. This underscores their commitment to employing top-tier, environmentally conscious extraction methods.
With approximately 16.4 million shares issued and outstanding, the management maintains a direct ownership stake of around 13%, reflecting their strong dedication. Additionally, 40% of shares are held by trusted associates, friends, and family.
Company website: https://temasresources.com/
Posted on behalf of Temas Resources Corp.