Pivotal Updates & Sustainable Shared in CEO Presentation Despite strained geopolitical ties and pledges to reduce ties with Moscow, many Western nations still heavily depend on Russian titanium
https://thedeepdive.ca/boosting-titanium-production-amid-heightened-reliance-on-russia-china-supply/
As concerns mount over the Western world's reliance on titanium imports from Russia and China, efforts to bolster domestic production have gained traction.
The exploration junior Temas Resources (CSE: TMAS | OTCQB: TMASF) focuses on titanium, iron, and vanadium projects in Quebec. TMAS CEO, Tim Fernback, recently shared pivotal updates on the company's endeavors during the 2024 Kinvestor Critical Minerals & Mining Virtual Conference.
With a keen eye on progress, TEMAS is working to advance its La Blache and Lac Brule Iron-Titanium-Vanadium projects, leverage Quebec's rich mineral reserves and robust infrastructure, including convenient access to the St. Lawrence River's deep-water port.
The initial PEA findings for La Blache project an impressive net present value (NPV) of $6.6 billion over a 14-year mining span. The forecast anticipates an annual yield of 660,000 tonnes of titanium dioxide, with a payback period of 25 months and an internal rate of return of 60.8%.
The Lac Brule project, boasting superior-grade deposits close to the surface, also constitutes a valuable asset within the company's portfolio.
Setting a benchmark for eco-conscious mining, Temas Resources is steadfast in its pursuit of environmentally sustainable practices. The company has channeled investments into cutting-edge mineral recovery technologies that prioritize environmental preservation and carbon footprint reduction.
This unique ORF chloride leaching technology, a proprietary innovation developed in collaboration with the University of Minnesota, slashes processing expenses and facilitates the reuse of over 95% of reagents, boasting a remarkable efficiency surge of 144.8% compared to conventional methodologies.
With ongoing drilling initiatives, environmental evaluations, and community outreach endeavors, the company is primed for expansion, steadfast in its commitment to enriching shareholder value in the coming year.
Watch the full presentation replay here:
Posted on behalf of Temas Resources Corp.