Terreno Secures Bolivian Tantalum Exploration Licence

Executive Summary

• The Government of Bolivia approved Terreno Resources Corp.’s application for a five‑year prospecting and exploration licence covering 138 claims (3,450 ha) in north‑eastern Bolivia.
• The permit enables the company to commence exploration for tantalum, a critical metal experiencing heightened demand from electronics, medical, and defence sectors.
• Management highlighted the strategic timing amid rising global interest in critical minerals and recent large‑scale fund commitments to the sector.

Key Details

• Licence Scope: 5‑year prospecting and exploration licence; 138 claims; total area ≈ 3,450 hectares.
• Geographic Location: North‑eastern Bolivia.
• Strategic Rationale: Positions Terreno to become a significant producer of tantalum, aligning with growing Western demand and supply disruptions in the DRC and Rwanda.
• Market Context: U.S. Department of Defence pledged US$100 million for tantalum (~20% of global annual production); two international funds announced US$2.8 billion total investment in critical minerals (US$1.8 bn Orion Critical Mineral Consortium; US$1 bn Appian Capital/IFC fund).
• Applications & Uses: Tantalum used in capacitors for electronics, medical implants, and defence components such as turbine blades and space vehicle parts.
• Political Climate: Approval coincides with the inauguration of President Rodrigo Paz, signaling Bolivia’s openness to foreign investment; upcoming delegation visits from Western companies and reopening of U.S./British embassies noted.
• Management Quote: “The timing couldn’t be better… This approval marks a major milestone in our strategy to become a significant producer of this critical metal.” – Richard Williams, President & CEO.

Notable Quotes

“This is a very exciting and opportune time to be in the tantalum sector,” – Richard Williams, President & CEO.