Boosting Western Titanium Production: TMAS Article Breakdown Amidst growing concerns over the West's reliance on Russian and Chinese titanium supplies, efforts to bolster domestic production have gained momentum. Western nations, including Germany, France, the United States, and Britain, have found themselves heavily dependent on Russian titanium, despite geopolitical tensions and pledges to reduce ties with Moscow.
In response to these challenges, companies like Temas Resources (Ticker: TMAS.c or TMASF for US investors) are taking proactive steps to enhance domestic titanium production. Temas is working to advance its La Blache titanium-iron-vanadium project in eastern Quebec, with the aim of producing high-quality ore suitable for processing into pigment-grade titanium dioxide.
The La Blache Project, located 100 km north of Baie-Comeau, Quebec, holds significant promise, encompassing the Farrell-Taylor magnetite-ilmenite deposit. Temas Resources recently expanded its claims as part of a strategic growth initiative, highlighting its commitment to maximizing the project's potential.
The project's Preliminary economic assessments (PEA) indicate promising returns, with a post-tax net present value of $6.6 billion and a post-tax internal rate of return of 60.8%.
The positive results of the PEA have spurred the company to further refine its development strategy for the La Blache project, leveraging additional mineralization to optimize production and enhance project economics.
Through proprietary processing technology acquired from ORF Technologies, Temas Resources aims to recover titanium dioxide (TiO2), vanadium pentoxide (V2O5), and ferric oxide (Fe2O3) from ore. Testing has shown full recoverability of TiO2 which is suitable for further processing.
As Western nations navigate supply chain vulnerabilities and seek to reduce dependence on foreign sources, initiatives like Temas Resources' La Blache project represent a significant step towards achieving greater self-sufficiency in critical mineral production.
More here: https://thedeepdive.ca/boosting-titanium-production-amid-heightened-reliance-on-russia-china-supply/
Posted on behalf of Temas Resources Corp.