Western Nations Seek Titanium Independence, TMAS Advances The US Department of the Interior has classified both titanium and vanadium as critical to national security and the economy. Despite this, many Western countries, including Canada and the US, still rely on Russia and China for their titanium supply despite geopolitical tensions.
More here: https://www.realclearpolicy.com/articles/2021/05/13/us_titanium_supply_chain_needed_for_national_security_776880.html
To address this need for Western-sourced titanium, as well as vanadium and iron, Temas Resources (Ticker: TMAS.c or TMASF for U.S. investors) is making significant progress with its Titanium, Vanadium, and Iron projects in Quebec.
TMAS's La Blache and Lac Brule Iron-Titanium-Vanadium projects benefit from Quebec's advantageous mining conditions and proximity to a deep-water port on the St. Lawrence River.
Additionally, La Blache has an estimated net present value of $6.6 billion and is projected to produce 660,000 tons of Titanium Dioxide annually over a 14-year lifespan according to the project's recent PEA.
TMAS is also employing advanced processing methods and patented leaching technologies to reduce environmental impact and carbon emissions.
A key innovation is its patented ORF chloride leaching technology, developed in partnership with the University of Minnesota. This technology provides cost-effective and environmentally friendly advantages, lowering processing costs by up to 65% and recycling over 95% of reagents.
To further its exploration initiatives, TMAS recently raised $1,719,738. The company's directors contributed $670,738, or approximately 40% of the total placement, demonstrating their confidence in the projects.
Full news here: https://temasresources.com/temas-resources-completes-second-and-final-tranche-of-oversubscribed-private-placement/
Posted on behalf of Temas Resources Corp.