Temas Exercises Option Agreement to Purchase 100% Ownership of ORF Technologies Inc.

Executive Summary

• Temas Resources Corp. exercised its option agreement to acquire the remaining 50 % of ORF Technologies Inc., bringing total ownership to 100 %.
• The acquisition gives Temas full control over eleven patented Regenerative Chloride Leach (“RCL”) technologies, which claim >65 % cost reductions and significant environmental benefits for processing complex ores.
• Temas plans to commercialize the RCL platform globally through licensing, joint ventures and partnerships, leveraging its own La Blache titanium‑vanadium‑iron project and other prospective customers in Indonesia, Australia, the United States and Canada.

Key Details

• Option Agreement Execution: Completed on October 30 2025; previously announced on July 10 2025.
• Ownership Change: Temas now holds 100 % of ORF Technologies Inc., securing full rights to all RCL patents.
• Patent Portfolio: Eleven distinct process patents covering hydrometallurgical extraction of critical metals, battery metals, PGMs, precious/base metals and REEs.
• Cost‑Reduction Claims: Validated >65 % reduction in TiO₂ processing costs; over 69 % lower operating costs versus conventional methods (near‑ambient temperature, high reagent recycling).
• Performance Metrics: Pilot testing demonstrated 99.8 % TiO₂ product purity; metallurgical recoveries cited at 71.8 %–92.1 % for TiO₂, Fe₂O₃ and V₂O₅ in various ore domains.
• Strategic Intent: COO David Caldwell states the acquisition will enable development, expansion and commercialization of the RCL IP, with active pursuit of international licensing agreements and joint‑venture partnerships.
• Licensing Opportunities Identified: Potential partners evaluating the technology for Ni/Co/Mg/Fe processing in Indonesia; Au/Fe in Australia; TiO₂/V/Mg/Fe projects in Minnesota (USA) and Ontario (Canada).
• La Blache Project Context: RCL will be applied to Temas’ wholly‑owned La Blache VTM project; the press release reiterates existing NI 43‑101 compliant mineral resource estimates (no material change).
• Forward‑Looking Statements: Emphasize expectations for cost reductions, environmental benefits and commercial rollout; standard risk disclosures included.

Notable Quotes

“The acquisition of remaining ORF IP assets will mark a transformative moment for our company… With 100 % control, we can unlock its full potential and drive innovation, growth, and value for our shareholders.” – David Caldwell, Chief Operating Officer, Temas Resources Corp.