Temas Completes Drill Program Targeting Critical Minerals and Rare Earth Elements

Executive Summary

• Completed a fall/winter HQ diamond‑drill campaign delivering 2,302 m of core at the La Blache Vanadium‑Titanomagnetite Critical Mineral Project in Quebec.
• The drill program targets expansion of the Farrell‑Taylor Massive Oxide inferred resource (108.8 Mt @ 17.83% TiO₂, 0.32% V₂O₅, 59.4% Fe₂O₃) and identified significant signatures for gallium, scandium, titanium and vanadium.
• Results will feed the company’s proprietary Regenerative Chloride Leach (RCL) technology development, with assay results expected from January 2026 and initial RCL test outcomes anticipated early CY2026.

Key Details

• Drilling Coverage: 2,302 m of HQ diamond drilling across the Farrell‑Taylor deposit; 181 historic holes (36,614 m total) to be re‑assayed for Ga and other REE.
• Resource Context: Program designed to expand & upgrade the existing inferred resource of 108.8 Mt @ 17.83% TiO₂, 0.32% V₂O₅, 59.4% Fe₂O₃.
• Assay Logistics: Core sent to ALS Limited (ASX:ALQ) geochemistry labs in Lachine, QC; results expected to start flowing January 2026.
• Early Geochemical Observations: Presence of gallium and scandium alongside titanium and vanadium noted in drill core.
• Future Drilling Plans: Phase 2 drilling slated for early/mid CY2026; additional definition drilling planned for Lac Schmoo, Hervieux East & West deposits in 2026.
• RCL Technology Development: Core will support refinement of the Regenerative Chloride Leach process; testing to begin Jan 2026 with first results projected for Feb‑Mar 2026.
• Third‑Party Partnerships: Ongoing discussions to apply RCL technology on external ores (gold, silver, nickel, REE) with updates expected early 2026.
• Historical Data Re‑assay Savings: Consolidated 100% ownership of historic core; re‑assaying represents > CAD $35 M in acquisition savings and accelerates path to feasibility studies.
• CEO Comment (Tim Fernback): Emphasized successful completion of the drill program, identification of critical metal signatures, and integration of RCL technology into future development.
• COO Comment (David Caldwell): Highlighted consistency of massive‑oxide mineralisation across historic holes and the strategic value of re‑assaying the extensive core inventory.

Notable Quotes

“Now that our fall/winter exploration program at La Blache has been successfully completed, we are getting ready to submit the drill core to ALS Geochemical for follow‑on assays… These critical metals are required for the development of high‑performance aerospace equipment alloys and semiconductors respectively and will result in additional value to our planned MRE.” – Tim Fernback, CEO

“The consistency of mineralization in the La Blache MO is striking both within LB‑22‑07 and across all 2022 holes… Re‑assaying this core represents over CAD$35 million in re‑acquisition savings, several years of development time and significantly accelerates our path toward feasibility‑level studies.” – David Caldwell, COO