TMAS.c Advances Strategic Titanium and Vanadium Projects Temas Resources Corp. (Ticker: TMAS.c or TMASF for U.S. investors) is making significant strides in advancing its La Blache and Lac Brule Titanium-Vanadium-Iron projects located in Quebec.
These projects are central to the company’s mission of promoting national mineral independence, particularly in a global landscape where Western nations still rely heavily on Titanium imports from Russia and China.
As demand for critical minerals like Titanium and Vanadium continues to rise, Temas Resources is positioning itself to help meet future supply gaps. Vanadium, in particular, is anticipated by many to see increased demand due to China’s new rebar standards, which favor high-strength rebar commonly produced with Vanadium. This market shift presents a strategic opportunity for Temas Resources to capitalize on its Vanadium-rich projects.
In alignment with its sustainability goals, Temas Resources is dedicated to employing green mineral recovery technologies across its operations. The company’s focus on reducing the environmental impact and carbon footprint of metal extraction is demonstrated through its use of advanced processing and patented leaching technologies. These innovations not only enhance the efficiency of metal recovery but also contribute to the company’s commitment to sustainable practices.
A major milestone for Temas Resources was the recent filing of an Independent Technical Report and Preliminary Economic Assessment (PEA) for its wholly-owned La Blache Project. This PEA marks a significant achievement, reflecting key adjustments and improvements in the project’s economic indicators since the initial announcement on February 7, 2024. Among the notable enhancements is an improved Internal Rate of Return (IRR), showcasing the project’s growing economic viability.
Tim Fernback, President of Temas Resources, expressed his optimism about the PEA results and the outlook for the titanium market. He highlighted the strong market performance of Titanium, which has been trading well above the company’s assumptions of USD $2,200 per tonne for over three years, with prices exceeding USD $3,000 per tonne since August 2022.
Fernback anticipates this trend will continue due to increasing demand for Titanium Dioxide (TiO2), the impending end of life for major global supply sources, and the lack of new projects coming online in North America.
Fernback also emphasized the PEA’s role in demonstrating the potential of the La Blache Project and the effectiveness of Temas’s proprietary extraction technology, which is both environmentally friendly and efficient.
Looking ahead to 2024, Temas Resources has outlined several strategic initiatives to further advance its projects. These include expanding the technical team, initiating a drilling program to upgrade resources, launching a pre-feasibility study, and engaging with potential off-takers and joint venture partners to secure long-term contracts and financing.
As Temas Resources continues to make headway on its Quebec-based projects, the company remains committed to driving innovation, sustainability, and value creation in the critical minerals sector.
https://temasresources.com/temas-files-preliminary-economic-assessment-report-for-la-blache-and-clarifies-february-7th-release/
Posted on behalf of Temas Resources Corp.