Titanium dioxide is essential across various industries, including paint, paper, and plastics. Demand for TiO2 is expected to grow at a compound annual rate of 5-6%, driven by its broad applications and the increasing need for sustainable production sources.
Temas Resources Corp. (TMAS.c for Canadian investors and TMASF for US investors) is making notable progress in its TiO2 projects. On the opening day of the Deutsche Goldmesse Conference, Kyler Hardy, the Executive Chairman of TMAS, delivered an in-depth presentation on the company's ambitious plans for the La Blache and Lac Brule projects.
TMAS is concentrated on developing its La Blache and Lac Brule projects, both located in Qubec, a region known for its mining-friendly policies and excellent infrastructure.
The La Blache project, situated about 100 kilometers north of Baie-Comeau, has a Preliminary Economic Assessment (PEA) which shows its substantial resource base of 208 million tons at an approximate grade of 16.5% titanium dioxide (TiO2) equivalent, along with significant vanadium and iron components. The PEA also shows a post-tax Net Present Value (NPV) of $6.6 billion and an Internal Rate of Return (IRR) exceeding 60%.
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Meanwhile, TMAS' Lac Brule project, located roughly 80 kilometers north of Saguenay, is preparing for additional drilling, with plans to progress to the PEA stage later this year.
A key part of TMAS' strategy is its investment in innovative extraction technology. The company owns a 50% stake in chloride leach technology, which significantly reduces both the cost and environmental impact of titanium extraction.
This technology minimizes electricity consumption compared to traditional methods and achieves approximately 95% reagent recycling, making it a more environmentally sustainable option.
With its project and technology, and the fact that leading TiO2 producers are searching for new assets due to the depletion of some existing mines, TMAS is strategically positioned to meet this emerging supply gap.
Full video here:
Posted on behalf of Temas Resources Corp.