Temas Successfully Lists on the ASX

Executive Summary

• Temas Resources Corp. completed a dual‑listing on the Australian Securities Exchange (ASX) under ticker TIO after raising AU$11 million at $0.20 per share, funded in part by Terra Capital.
• The proceeds will be used to advance patented Regenerative Chloride Leach (“RCL”) metallurgical technology and move its La Blache and Lac Brûlé titanium‑vanadium projects toward feasibility and Preliminary Economic Assessments.
• The listing expands Temas’ investor base, supports a global licensing model for its RCL IP, and underpins its “mine‑to‑end‑user” strategy to reshore critical metal production in Western markets.

Key Details

• Financing: AU$11 M raised at $0.20 per share; joint lead managers were PAC Partners Securities Pty Ltd and Sandton Capital Advisory Pty Ltd.
• Use of Proceeds: • Advance RCL platform metallurgical technology development and pilot testing.
  • Fund exploration drilling (2,000‑3,000 m HQ program) at the La Blache TiO₂ project in Québec.
  • Support resource upgrades and Preliminary Economic Assessments for La Blache and Lac Brûlé projects.
• Technology: 11 patented Regenerative Chloride Leach processes delivering up to 65% lower operating costs, near‑ambient temperature operation, reagent recycling, and 99.8% TiO₂ purity in pilot tests.
• Strategic Assets:
  – La Blache Project: ~7,000 ha, inferred resource of 208.5 Mt @ 16.5% TiO₂ Eq.
  – Lac Brûlé Project: 2,016 ha, historic drilling shows up to 34% TiO₂ in hemo‑ilmenite.
• Licensing Model: Ongoing evaluations of third‑party partnerships in Australia, Indonesia, and North America for non‑dilutive revenue streams.
• Management Comments: CEO Tim Fernback highlighted the ASX listing as a milestone that broadens the investor base and positions Temas to drive Western supply‑chain security; Executive Chairman Kyler Hardy emphasized the dual‑revenue model of IP licensing plus project development.
• Next Steps:
  – Complete acquisition of ORF Technologies Inc. subsidiary.
  – Commence fall/winter HQ drilling program at La Blache.
  – Expand local team in Australia and engage Andritz AG for additional metallurgical work.

Notable Quotes

“Our listing on the ASX marks a significant milestone for Temas as we bring patented metallurgical innovation and critical mineral supply together… This listing broadens our investor base and positions Temas to play a central role in reshoring Western metal production.” – Tim Fernback, President & CEO

“Temas offers investors a unique dual‑revenue model, near‑term growth through global IP licensing and long‑term value through the development of our advanced Québec TiO₂ mineral exploration projects.” – Kyler Hardy, Executive Chairman & Founder