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Temas Resources Corp. Announces Retraction of PEA Disclosure in Advance of the Filing of its ASX Listing Application and Prospectus Financing

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Temas Resources Corp. (OTCQB:TMASF) has announced the retraction of its previous Preliminary Economic Assessment (PEA) disclosures regarding the La Blache Titanium-Vanadium-Iron Project. The company is retracting announcements from February 7, 2024, and March 28, 2024, which included production targets and financial forecasts that lacked reasonable bases for forward-looking statements.

The company is preparing for an ASX listing and concurrent prospectus financing of up to AUD$15 million, co-led by PAC Partners Securities Pty Ltd. and Sandton Capital Advisory Pty Ltd. These funds will be used to advance the La Blache Titanium Dioxide Exploration Project and develop the company's mineral processing technologies.

Temas Resources Corp. (OTCQB:TMASF) ha annunciato la ritrattazione delle precedenti divulgazioni relative alla Preliminary Economic Assessment (PEA) del progetto La Blache Titanium-Vanadium-Iron. La società ritira gli annunci del 7 febbraio 2024 e del 28 marzo 2024, che contenevano obiettivi di produzione e previsioni finanziarie privi di basi ragionevoli per dichiarazioni previsionali.

La società si sta preparando per una quotazione ASX e un prospetto di finanziamento simultaneo fino a AUD$15 milioni, co-condotto da PAC Partners Securities Pty Ltd. e Sandton Capital Advisory Pty Ltd. Questi fondi saranno impiegati per portare avanti il progetto di esplorazione del diossido di titanio La Blache e per sviluppare le tecnologie di lavorazione dei minerali della società.

Temas Resources Corp. (OTCQB:TMASF) ha anunciado la retractación de sus divulgaciones previas de la Preliminary Economic Assessment (PEA) relacionadas con el proyecto La Blache Titanium-Vanadium-Iron. La compañía retira los comunicados del 7 de febrero de 2024 y del 28 de marzo de 2024, que incluían objetivos de producción y proyecciones financieras que carecían de bases razonables para declaraciones prospectivas.

La empresa se está preparando para una cotización en la ASX y un prospecto de financiamiento concurrente de hasta AUD$15 millones, liderado conjuntamente por PAC Partners Securities Pty Ltd. y Sandton Capital Advisory Pty Ltd. Estos fondos se utilizarán para avanzar en el proyecto de exploración de dióxido de titanio La Blache y para desarrollar las tecnologías de procesamiento de minerales de la compañía.

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ÐëŒì‚¬µç� ASX ìƒìž¥ ë°� 최대 AUD$15백만 ë™ì‹œ 공모(프로스펙터스) ì§„í–‰ì� 준비하ê³� 있으ë©�, 해당 공모ëŠ� PAC Partners Securities Pty Ltd.와 Sandton Capital Advisory Pty Ltd.ê°€ ê³µë™ ì£¼ê´€í•©ë‹ˆë‹�. 조달ë� ìžê¸ˆì€ La Blache ì´ì‚°í™”티타ëŠ� íƒì‚¬ 프로ì íЏë¥� 진행하고 회사ì� 광물 처리 기술ì� 개발하는 ë� 사용ë� 예정입니ë‹�.

Temas Resources Corp. (OTCQB:TMASF) a annoncé la rétractation de ses précédentes divulgations de l'évaluation économique préliminaire (PEA) concernant le projet La Blache Titanium-Vanadium-Iron. La société retire les communiqués des 7 février 2024 et 28 mars 2024, qui incluaient des objectifs de production et des prévisions financières dépourvus de bases raisonnables pour des déclarations prospectives.

La société se prépare à une cotation à l'ASX et à une opération de financement par prospectus concurrente pouvant atteindre AUD$15 millions, co-dirigée par PAC Partners Securities Pty Ltd. et Sandton Capital Advisory Pty Ltd. Ces fonds seront utilisés pour faire avancer le projet d'exploration du dioxyde de titane La Blache et pour développer les technologies de traitement des minerais de la société.

Temas Resources Corp. (OTCQB:TMASF) hat die Rücknahme ihrer früheren Angaben zur Preliminary Economic Assessment (PEA) des La Blache Titanium-Vanadium-Iron-Projekts angekündigt. Das Unternehmen zieht die Bekanntmachungen vom 7. Februar 2024 und 28. März 2024 zurück, die Produktionsziele und Finanzprognosen enthielten, für die es keine angemessene Grundlage für zukunftsgerichtete Aussagen gab.

Das Unternehmen bereitet eine Notierung an der ASX und ein gleichzeitiges Prospekt-Finanzierungsangebot von bis zu AUD$15 Millionen vor, das von PAC Partners Securities Pty Ltd. und Sandton Capital Advisory Pty Ltd. gemeinsam geleitet wird. Diese Mittel sollen genutzt werden, um das La Blache Titanium Dioxide Explorationsprojekt voranzutreiben und die mineralverarbeitenden Technologien des Unternehmens weiterzuentwickeln.

Positive
  • Planned ASX listing to expand market presence and access to capital
  • Potential AUD$15 million financing to fund project development
  • Strategic focus on both project advancement and technology development
Negative
  • Retraction of previous PEA disclosures due to lack of reasonable basis
  • Warning to investors not to rely on previous forward-looking statements
  • Uncertainty regarding project economics following PEA retraction

VANCOUVER, BC / / August 28, 2025 / Temas Resources Corp. ("Temas" or the "Company") (CSE:TMAS)(OTCQB:TMASF) refers to and retracts the announcements titled "Temas Announces La Blache Titanium-Vanadium-Iron Project PEA Demonstrates CAD$6.8B NPV8 55.1% IRR Post-Tax Return" released on February 7, 2024 and "Temas Files Preliminary Economic Assessment Report for La Blache and Clarifies February 7 th Release" released on 28 March 2024 (the "Announcement") and the technical report titled "Preliminary Economic Assessment for the La Blache Property, Quebec, Canada" dated March 28, 2024.

The Announcement contains forward-looking statements in the form of production targets and forecast financial information, however, did not present any reasonable bases for those forward-looking statements. The Company warns investors that due to the absence of a reasonable basis for the statements, they should not rely on either the February 7, 2024 or the March 28, 2024 announcements as a basis for investment decisions. The Company retracts all related disclosures referenced in the aforementioned news releases and from any other continuous disclosure documents filed by the Company.

The proposed ASX Listing and Concurrent up to AUD$15 million Prospectus Financing, co-lead by PAC Partners Securities Pty Ltd. and Sandton Capital Advisory Pty Ltd., will allow the Company to advance the La Blache Titanium Dioxide Exploration Project along with further development of the Company's suite of unique mineral processing technologies and intellectual property.

All public filings for the Company can be found on the SEDAR+ website . For more information about the Company, please visit

For further information, please contact:

Tim Fernback
President and CEO
[email protected]

Jane Morgan
Jane Morgan Management
Mob: +61 405 555 618
[email protected]

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE: Temas Resources Corp.



View the original on ACCESS Newswire

FAQ

Why did Temas Resources (TMASF) retract its La Blache project PEA disclosure?

Temas retracted the PEA disclosure because the announcements contained forward-looking statements and financial forecasts without reasonable bases for these projections.

How much is Temas Resources planning to raise in its ASX listing prospectus financing?

Temas is planning a concurrent prospectus financing of up to AUD$15 million, co-led by PAC Partners Securities and Sandton Capital Advisory.

What will Temas Resources use the ASX listing proceeds for?

The proceeds will be used to advance the La Blache Titanium Dioxide Exploration Project and further develop the company's mineral processing technologies and intellectual property.

Which announcements did Temas Resources (TMASF) retract regarding the La Blache project?

Temas retracted announcements from February 7, 2024 and March 28, 2024, including the technical report titled 'Preliminary Economic Assessment for the La Blache Property, Quebec, Canada.'
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