TMAS: New Rebar Standards Could Drive Vanadium Demand In September, China plans to implement a new standard for rebar steel that will impact vanadium, the most common addition for high strength rebar. The 2018 standard increased the required amount of vanadium, but compliance has been limited to only 20% of producers. Therefore, the new, stricter enforcement could substantially increase the demand for vanadium.
https://x.com/mineralstocks/status/1816117053163446360
Temas Resources (Ticker: TMAS.c or TMASF for U.S. investors) is making significant advancements with its two Titanium, Vanadium, and Iron projects in Quebec. The company's La Blache and Lac Brule projects are well-positioned, benefiting from Quebec's favorable mining conditions and their proximity to a deep-water port on the St. Lawrence River.
Temas Resources is leading in sustainable mining practices, utilizing advanced processing methods and patented leaching technologies to reduce environmental impact and carbon emissions.
TMAS has proprietary technology for processing and recovering V2O5, TiO2, and Fe2O3. This patented ORF chloride leaching technology, created in collaboration with the University of Minnesota is both cost-effective and environmentally friendly, cutting processing costs by up to 65% and recycling over 95% of reagents.
Preliminary metallurgical testing of the oxide mineralization has shown impressive results, with a 95% recovery rate for vanadium and 90% recovery rate for iron producing a high-purity final product.
The La Blache project is particularly notable, with an estimated net present value (NPV) of $6.6 billion. It is projected to produce 660,000 tons of Titanium Dioxide annually over a 14-year period, according to a recent Preliminary Economic Assessment (PEA). Moreover, the project's Mineral Resources Statement also shows significant vanadium and iron resources.
Moreover, the Quebec Government has recognized the strategic importance of titanium and vanadium mining, highlighting the potential of this project.
To further its exploration efforts, Temas Resources raised $1,719,738 this spring. Company directors contributed $670,738, about 40% of the total amount, demonstrating their strong confidence in the projects.
Company website: https://temasresources.com/
Posted on behalf of Temas Resources Corp.