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Temas Resources Corp C.TMAS

Alternate Symbol(s):  TMASF

Temas Resources Corp. is a Canada-based company, which is engaged in the acquisition, development and exploration of mineral properties. The Company is focused on the advanced La Blache and Lac Brule Iron-Titanium-Vanadium projects in Quebec. Additionally, the Company invests in and works to apply its green mineral recovery technologies across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. The La Blache Fe-Ti-V Project is composed of approximately 117 claims and covers 6,203.12 hectares. The Project is located approximately 100 kilometers (km) north of the community of Baie-Comeau, Quebec. The Lac Brule Ti-Fe-V Project is composed of approximately 36 claims, covering 2,016 hectares within the Labrieville Anorthsosite Complex. The Project is located 64 km by road accessible from Labrieville, on the north shore of the St. Lawrence 100 km north of Forestville.


CSE:TMAS - Post by User

Comment by white0rabbiton Jun 02, 2024 1:50pm
106 Views
Post# 36068382

RE:RE:RE:Argex failed for the same reason

RE:RE:RE:Argex failed for the same reason
Unfortunately, TeamEddie seems to be right.

There are two main options:
 
1) Only exploit the La Blache mine
This involves extracting TiO2 with a concentration of approximately 16.5%.
Such raw material cannot be used to make TiO2 pigment, a minimum of 49% is required for SP (Sulfate Process), knowing that the benchmark is 49-55% and the use of SP is declining In Occident.
No one will buy 16.5% TiO2, and certainly not Rio Tinto to make 95% TiO2 (Sorel process) for the chloride process (CP).
Certainly a low CAPEX but a high OPEX to concentrate the TiO2 up to 49% minimum with a sales price around 200-250 USD/T.
It will never be profitable.
 
2) Start operations with a TiO2 plant only
Temas is fortunate to have the HCl process with no limit on the TiO2 concentration of the raw material.
First, buy a raw material containing 40-55% TiO2 (yes, it exists and I sold some!) at a very low price (150-200 USD/T).
Once the TiO2 pigment factory is profitable, it will be time to invest and operate La Blache.
 
A third, risky option consists of finding a partner: I don't see one in the West but in China.
Remember KUNCAI which operates a TiO2 pigment plant with HCl process? Do you think KUNCAI developed the HCl process alone? Who help them? Any idea?
 
TEMAS need to attract new investors. TEMAS needs to work on the investors in US and Germany (I really believe on Frankfurt Stock Exchange).
 
But so far, TeamEddie is right: "Temas has no plans to go into production, as the CEO has made clear."
 
Stay tuned!
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