Temas Resources files prospectus on ASX

Executive Summary

• Temas Resources Corp. has lodged a prospectus with ASIC to list on the Australian Securities Exchange (ASX) and raise $11 million AUD through the issuance of 55 million common shares (CDIs) at 20 Australian cents per unit.
• The offering is expected to open around September 5, 2025, and close on September 19, 2025, with trading commencing around September 30, 2025, subject to regulatory approval and market conditions.
• Net proceeds will fund the advancement of the RCL metallurgical technology, patent filings, the acquisition of remaining shares in ORF Technologies Inc., mineral exploration at Lac Brule and La Blache Ti02 projects, and working capital.

Key Details

• Offer Structure: 55 million common shares offered as CHESS depository interests (CDIs), with each CDI representing one underlying share.
• Issue Price: 20 Australian cents per CDI.
• Gross Proceeds: $11 million (Australian).
• Timeline:
  • Offer Opening: On or around Sept. 5, 2025.
  • Offer Closing: Sept. 19, 2025.
  • Expected Commencement of Trading: On or around Sept. 30, 2025.
• Lead Managers: PAC Partners Securities Pty. Ltd. and Sandton Capital Advisory Pty. Ltd.
• Use of Proceeds:
  • Additional testing and advancement of the RCL metallurgical technology platform.
  • Additional technology patent filings.
  • Purchase of the remaining issued and outstanding shares of ORF Technologies Inc.
  • Continuing mineral exploration at the Lac Brule and La Blache Ti02 projects.
  • Working capital and administrative costs.
• Eligibility: The offer is restricted to investors with a registered address in Australia; investors outside Australia (including Canadian residents) are excluded.
• Regulatory Status: The dual listing is subject to regulatory approval and market conditions.
• Access: The prospectus is available on SEDAR+ and the company website for Australian residents only.

Notable Quotes

• No direct quotes from management were included in the provided text.