VIDEO: TMAS Chairman Highlights Québec's Titanium Potential "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."
- Tim Fernback, President of Temas Resources,
Temas Resources Corp. (TMAS.c or TMASF for US stakeholders) is forging ahead at its Quebec-based titanium projects. At the recent Deutsche Goldmesse Conference, Kyler Hardy, Executive Chairman of TMAS, delivered an enlightening overview of the company's ambitious ventures regarding its La Blache and Lac Brule projects.
Emphasis and Project Summary
TMAS directs its primary attention to propelling the La Blache and Lac Brule projects forward. Nestled in the mining-friendly terrain of Qubec, these undertakings are strategically positioned to capitalize on the area's well-established infrastructure and supportive governmental policies.
The La Blache Project, positioned roughly 100 kilometers north of Baie-Comeau, has already undergone the scrutiny of a Preliminary Economic Assessment (PEA). Simultaneously, the Lac Brule initiative, located approximately 80 kilometers north of Saguenay, is slated for further exploration with the aim of progressing to the PEA phase later this calendar year.
Economic and Tactical Implications
The La Blache Project boasts a substantial resource, comprising 208 million tons at an estimated grade of 16.5% titanium dioxide (TiO2) equivalent, coupled with valuable vanadium and iron constituents. The PEA delineates a venture with a post-tax Net Present Value (NPV) of $6.6 billion and an Internal Rate of Return (IRR) surpassing 60%.
TMAS' strategy also encompasses investment in pioneering extraction methodologies. The company holds a 50% stake in chloride leach technology, pivotal in curtailing the expenses and ecological footprint of titanium extraction. This technology not only diminishes electricity consumption compared to traditional methods but also achieves a recycling rate of approximately 95% for reagents, rendering it an eco-conscious alternative.
Market Dynamics and Expansion Prospects
Titanium dioxide serves as a pivotal ingredient across diverse sectors, including coatings, paper, polymers, and beyond. The demand for TiO2 is anticipated to burgeon at a compounded annual growth rate of 5-6%, propelled by its ubiquitous application and the escalating necessity for sustainable production outlets. With leading producers such as Kronos Worldwide and Tronox scouting for fresh assets owing to the impending exhaustion of certain extant mines, Temas Resources stands poised to bridge this burgeoning supply void.
As TMAS continues to propel its pivotal metal initiatives in Qubec, it emerges as a trailblazer in innovation and strategic progression within the mining domain. Anchored by robust project fundamentals, avant-garde technology, and a lucid vision for the future, TMAS assumes a pivotal role in the titanium market, contributing to the sustainable and efficacious manufacturing of this indispensable material.
Kyler Hardy's presentation at the Deutsche Goldmesse underscores the company's unwavering dedication to excellence and its methodical approach to surmounting industry impediments, positioning Temas Resources for enduring success.
Full video here:
Posted on behalf of Temas Resources Corp.