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Temas Resources announces termination of Piskanja Project

[RJM]

 

Temas Resources announces termination of Piskanja Boron Project Option Agreement and Management Changes

 

2022-12-23 21:38 ET - News Release

 

VANCOUVER, British Columbia -- (Business Wire)

Temas Resources Corp. (“Temas” or the “Company”) [CSE: TMAS] announces that it has terminated its option and joint venture agreement (“Option Agreement”) with Erin Ventures Inc. (“Erin Ventures”) for the joint development of Erin Ventures’ Piskanja Borate project. In accordance with the Option Agreement, Temas has given notice to Erin Ventures for the termination of the Option Agreement which will be effective January 22, 2023.

Additionally, the Company announces that Michael Dehn has resigned as President and CEO of Temas Resources and the Board of Directors.

“On behalf of the Board of Directors of Temas Resources, we would like to thank Michael for his service as President, CEO and Director and we wish him well in his future endeavours,” said Samuel “Kyler” Hardy, current Director of Temas.

Samuel “Kyler” Hardy has been appointed President and CEO and is committed to working with management and other Directors of Temas to advance the Iron-Titanium-Vanadium projects in Quebec.

About Temas Resources

Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is focused on the advancement of mineral independence and processes by which mineral products (nickel, iron, copper, gold, ilmenite and other sulphide and oxide mineral ores and concentrates) are processed and recovered using sustainable hydrometallurgical technologies. The Company invests in and works to apply its green technologies across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. The Company is advancing Iron-Titanium-Vanadium projects in Quebec.

All public filings for the Company can be found on the SEDAR website www.sedar.com. For more information about the Company, please visit www.temasresources.com.

NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221223005251/en/

Contacts:

For further information or investor relations inquiries:
Samuel “Kyler” Hardy
President and CEO, Director
E-mail: [e-mail]
Tel: [phone]

Source: Temas Resources Corp.

© 2022 Canjex Publishing Ltd. All rights reserved.

[Cancap22]

Byeeeee! The two best days of owning a boat are the day you buy it, and the day you sell it! I feel the same way about Temas. As previously suggested this opportunity had turned into an obstacle that is now out of the way for a larger more meaningful partner! Who? There are many eyes on our project. Perhaps an offtake partner? Why wouldn't somebody become a serious partner in an effort to

[UterReborn]

I am sure there was more to the decision to terminate the JV, but going forward Temas was looking at massive dilution to their stock. In the beginning when their SP was $1-2, this seemed like a good deal. I believe the $5 million credit line they have converts to equity. They could have funded Piskanja, with minor dilution. But, given the financial obligations they have, coupled with a $0.05 SP

[gordo323]

I Thought there was somthing hapening a little while back when we disapeared from there web sight. Oh well this is probably better for us in the long run.

[gordo323]

Sorry I forgot to wish everyone the best of the season . Happy New Year all, 2023 hopfully will be good for Erin.