Temas enters option deal to acquire remainder of ORF

Mr. Tim Fernback reports TEMAS EXERCISES OPTION AGREEMENT TO PURCHASE 100% OWNERSHIP OF ORF TECHNOLOGIES INC. Temas Resources Corp. has executed the option agreement to acquire the remaining 50-per-cent ownership of the outstanding common shares in the capital of ORF Technologies Inc. This option agreement was originally announced by the company on July 10, 2025. The company now has 100-per-cent ownership of a series of novel patents in polymetallic metallurgical processing through its wholly owned subsidiary ORF Technologies Inc. The company refers to this platform technology as RCL or regenerative chloride leach. Highlights ORF Technologies is now a 100-per-cent wholly owned subsidiary of Temas Resources. ORF Technologies assets include 11 distinct process patents known as the Temas regenerative chloride leach (RCL) technology The RCL technology is an innovative platform technology for the novel polymetallic hydrometallurgical processing of complex ores in an environmentally sensitive manner. The RCL technology can enhance the recovery of critical metals, battery metals, platinum group minerals, precious and base metals, and rare-earth elements. Mr. David Caldwell, Temas chief operating officer, comments: "The RCL metallurgical processing technology will not only assist the development of our existing TiO2 assets in North America, but it will expand our global presence in the world of ore processing and metal refining. The acquisition of remaining ORF IP assets will mark a transformative moment for our company. With 100-per-cent control, we can unlock its full potential, and drive innovation, growth and value for our shareholders. We plan on developing, expanding and commercializing the company's intellectual property portfolio over the foreseeable future. To this end, we are actively seeking out international partnerships, licensing agreements and joint ventures with others." Below is a summary of benefits the ORF -- RCL technology The RCL platform technology involves the hydrometallurgical mineral extraction of concentrates, whole ores, slags and tailings to enhance recovery of critical metals, battery metals, platinum group minerals (PGMs), precious and base metals, and rare-earth element (REE) recovery at materially higher through yields and lower capital and operating costs than many of the conventional approaches that are in use traditionally. This novel RCL technology is ideally suited to treat increasingly complex ores in an environmentally sensitive manner. Validated cost reduction: A significant cost reduction of over 65 per cent is validated for TiO2 processing using the RCL platform technology (for example, reagent recycling, potentially lower energy use, optimized recovery et cetera). These fundamental process efficiencies are expected to translate into economic advantages when applying the platform to nickel or other target minerals hosted in complex ores. Environmental performance: The closed-loop design and high reagent recycling rates are core to the RCL platform, irrespective of the target mineral. Over 69 per cent lower operating costs compared with conventional processing due to its core features operating at near ambient temperatures. This means the reduced environmental footprint and enhanced ESG (environmental, social and governance) profile are benefits that extend to ores and minerals previously noted, not just TiO2. High recovery potential: Just as the company has demonstrated high-quality, 99.8 per cent TiO2 product from pilot testing, the RCL platform is engineered for high recovery and purity of all target metals. The company's metallurgical expertise focuses on optimizing these recoveries and maximizing margins for each specific mineral. This results in a quicker and more complete liberation of the target metals using atmospheric pressure and lower temperatures than competing methods and improves the selectivity and efficiency of subsequent solvent extraction steps. Beyond developing the intellectual property (IP) for use at Temas's wholly owned La Blache VTM project, several third party companies are currently evaluating the ORF IP for processing operations in Indonesia (Ni/Co/Mg/Fe), Australia (Au/Fe), the United States (Minnesota) and Ontario, Canada (both TiO2/V/Mg/Fe), as potential licensing opportunities. Note 1 -- JORC Clause 50 and foreign estimate disclosure The mineral resource estimate (MRE) for the La Blache project was prepared in accordance with Canadian National Instrument 43-101 standards. The MRE should be regarded as a foreign estimate compliant with the Joint Ore Reserves Committee Code (2012). The information is provided to comply with Australian Securities Exchange Listing Rules 5.12 and 5.13. competent person's statement The information in this announcement that relates to exploration results and mineral resources for the La Blache and Lac Brule titanium-vanadium projects in Quebec, Canada, is based on, and fairly represents, information and supporting documentation prepared and compiled by Malcolm Castle, BSc (honours), GCertAppFin (Sec Inst), MAusIMM, principal consultant of Agricola Mining Consultants Pty. Ltd. Mr. Castle is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM). He has sufficient experience that is relevant to the style of mineralization, the type of deposit under consideration, and the activity being undertaken to qualify as a competent person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Mr. Castle is the principal consultant of Agricola Mining Consultants Pty. Ltd., which provides independent geological and technical advisory services to Temas Resources. He has reviewed the information presented in this announcement and consents to the inclusion in the report of the matters based on his information in the form and context in which they appear. About Temas Resources Corp. Temas Resources is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The company's patented regenerative chloride leach (RCL) technology platform delivers significant operational cost reductions -- validated at up to 65 per cent lower than traditional processing -- while dramatically reducing energy use and environmental impact. Temas's RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel and rare-earth elements. Complementing its technology division, Temas also owns 100 per cent of two advanced titanium-vanadium-iron projects in Quebec, Canada -- La Blache and Lac Brule -- which are strategically positioned to feed directly into the company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals. Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders. We seek Safe Harbor.