TMAS.c Advances Titanium Project with Strong PEA Temas Resources Corp. (Ticker: TMAS.c or TMASF for US investors) is committed to advancing the La Blache and Lac Brule Titanium-Vanadium-Iron projects in Quebec. These initiatives are pivotal in promoting national mineral independence, particularly in the exploration of essential metals like Titanium, which is still largely sourced from Russia and China.
Commitment to Green Technologies
In its pursuit of sustainability, Temas Resources is dedicated to implementing green mineral recovery technologies across its projects. This approach aims to reduce the environmental impact and carbon footprint of metal extraction. The company employs advanced processing and patented leaching technologies to enhance efficiency and sustainability.
Milestone Achievement: Independent Technical Report and PEA
Temas Resources has recently filed an Independent Technical Report and Preliminary Economic Assessment (PEA) for its wholly-owned La Blache Project. This filing signifies a major milestone, showcasing adjustments and improvements in the project’s economic indicators between the initial announcement on February 7, 2024, and the finalized PEA on March 27, 2024. Improvements include an enhanced Internal Rate of Return (IRR).
Optimistic Market Outlook
Tim Fernback, President of Temas Resources, expressed his optimism regarding the PEA results and the titanium market. He noted, "Titanium has been trading well above our assumptions of USD $2,200 per tonne for over three years and at over USD $3,000 per tonne since August 2022. We believe this trend will continue due to the increasing demand for TiO2, major global supply coming to end of life, and lack of both brownfield expansion and new projects coming online in North America."
Future Prospects and Stakeholder Value
Fernback also highlighted the PEA’s role in demonstrating the project's potential and the efficacy of Temas's proprietary extraction technology, which is both environmentally friendly and efficient. With a current market cap of CAD $7.6M, he emphasized the opportunity to unlock substantial value for stakeholders as the project progresses.
More
https://temasresources.com/temas-files-preliminary-economic-assessment-report-for-la-blache-and-clarifies-february-7th-release/
Posted on behalf of Temas Resources Corp.