Temas Resources Corp. (Ticker: TMAS.c or TMASF for U.S. investors) is making strides in the Canadian critical metals sector, particularly focusing on the production of titanium dioxide (TiO), vanadium, and iron.
These elements are vital for various industries, including construction, automotive, and green energy. The global demand for TiO expected to rise, driven by its applications in products such as energy-efficient paints, self-cleaning glass, and sunscreen.
Vanadium is also poised for a significant increase in demand, particularly due to its crucial role as an alloying element in high-strength rebar steel. China's new rebar standards, requiring it to be stronger, are expected to boost demand significantly.
This potential surge in demand places Temas Resources in an advantageous position, as their projects in Quebec are rich in vanadium, allowing them to capitalize on this emerging market opportunity and further solidify their standing in the critical metals sector.
The company’s flagship projects, La Blache and Lac Brule, are located in Quebec, a region known for its favorable mining conditions.
La Blache, located 100 kilometers north of Baie-Comeau, spans 6,203 hectares and hosts the Farrell-Taylor magnetite-ilmenite deposit. Preliminary metallurgical tests have shown impressive recovery rates: 90% for iron and 95% for vanadium, with full recoverability of titanium dioxide.
The Lac Brule project, covering 2,016 hectares within the Labrieville Anorthosite Complex, has also yielded high-grade results for titanium dioxide, vanadium pentoxide, and iron oxides from historic drilling.
A significant advantage for Temas Resources is its proprietary ORF Technologies, in which the company holds 50% ownership.Notably, the ORF TiO processing technology is expected to be 144.8% more cost-efficient than traditional methods, offering substantial cost savings and environmental benefits by reducing carbon emissions and recycling over 95% of reagents.
The La Blache project stands out with an estimated net present value (NPV) of $6.6 billion. It is projected to produce 660,000 tons of titanium dioxide annually over a 14-year period, according to a recent Preliminary Economic Assessment (PEA).
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Posted on behalf of Temas Resources Corp.