Friday, May 30, 2025

Latest

Temas Resources Closes On $1.2 Million In First Tranche Of Financing

FULL DISCLOSURE: This is sponsored content for Temas Resources.

Temas Resources (CSE: TMAS) has completed the first tranche of non-brokered financing this morning. The tranche saw the firm close on an initial $1.2 million in gross proceeds, with further funds expected to be brought in prior to the financing being closed.

The first tranche saw the issuance of 5.9 million units at a price of $0.20 per unit, with each unit containing one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years from the date of issuance and contains an exercise price of $0.40 per share.

Proceeds from the financing are to be used to advance Temas’ exploration programs as well as for general corporate purposes.

READ: Temas Resources Files PEA Outlining $6.6 Billion After-Tax NPV(8%) At La Blache

Temas is currently focused on developing its La Blache titanium-vanadium-iron project in Quebec, which late last month filed a preliminary economic assessment outlining an NPV(8%) of $6.6 billion, based on a life of mine of 14 years and annual production of 660,000 tonnes of titanium dioxide. Payback on the project is estimated at 25 months, with the internal rate of return sitting at 60.8%.

The financing, once fully closed, is aiming to raise total proceeds of $1.5 million.

Temas Resources last traded at $0.22 on the CSE.


FULL DISCLOSURE: Temas Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Temas Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Temas Resources Files PEA Outlining $6.6 Billion After-Tax NPV(8%) At La Blache

Temas Resources (CSE: TMAS) has filed its preliminary economic assessment report for its flagship La...
Thursday, March 28, 2024, 08:29:47 AM

Are There Any 50 Million Oz Gold Discoveries Left? – The Daily Dive feat Michael Dehn of Temas Resources

For our final episode of the Daily Dive during this short holiday week, host Cassandra...

Thursday, December 31, 2020, 01:30:00 PM

Temas Resources Raises $2.6 Million In Flow Through Private Placement

Temas Resources (CSE: TMAS) has closed a flow-through private placement, raising gross proceeds of $2.6...

Thursday, December 10, 2020, 09:18:18 AM

Temas Resources Options Additional Claims At La Blache With Historical Resource Estimate

Temas Resources (CSE: TMAS) is expanding its land holdings at its flagship La Blache project...
Wednesday, March 27, 2024, 10:39:32 AM

Temas Resources Appoints Titanium-Vanadium Asset Expert To COO Role

Temas Resources (CSE: TMAS) has expanded its executive team. The firm this morning announced the...
Tuesday, July 2, 2024, 08:58:02 AM