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.

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Temas Resources Corp

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Post by white0rabbiton Aug 12, 2024 9:16am

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Post# 36174194

A new strategy is needed

As presented by TEMAS, the project is not viable: it cannot launch the mine and the production of TiO2 at the same time but first operate the TiO2 plant with purchased ilmenite (at low price) and then start the mine.

No similarities between TEMAS and Rio Tinto: Rio produces rutile (1,000-1,100 USD/t) for the chloride process and TEMAS can only produce ilmenite (300-350 USD/t) for the sulphate process. The sulphate process is in decline in North America with only KRONOS Varennes in Canada and KRONOS announced last March its closure by the end of the year.

TEMAS must find a partner or sign offtake agreements: nothing positive heard on the market.

TEMAS needs to refine its strategy and discuss with the TiO2 community.

Stay tuned...

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