Temas Resources Raises CAD 1.5M to Accelerate Quebec Titanium Projects
Temas Resources is tapping the Canadian market with a $1.5 million flow-through share placement aimed at advancing its titanium projects in Quebec. The raise supports exploration expenses tied to its proprietary processing technology and resource development.
- Non-brokered private placement of CAD 1.5 million via flow-through shares
- Funds earmarked for Canadian exploration expenses on La Blache and Lac Brule projects
- Flow-through shares priced at CAD 0.18 with a four-month hold period
- Proceeds to support critical mineral mining expenditures renounced by end-2026
- Temas combines proprietary Regenerative Chloride Leach technology with resource ownership
CAD 1.5 Million Flow-Through Placement Targets Quebec Titanium
Temas Resources (ASX:TIO) has announced a non-brokered private placement to raise CAD 1.5 million through the issuance of flow-through shares priced at CAD 0.18 each. The funds will directly finance exploration activities on its La Blache and Lac Brule titanium-vanadium-iron projects in Quebec, Canada. These projects are central to Temas’s strategy of integrating resource development with its proprietary processing platform.
The flow-through structure allows investors to claim Canadian exploration expenses as tax deductions, with Temas planning to renounce qualifying expenditures to shareholders effective December 31, 2026. This mechanism is designed to incentivise investment in Canadian critical mineral projects, aligning with government priorities on domestic supply chains.
Strategic Use of Capital to Advance Critical Minerals
The gross proceeds from the placement will fund eligible exploration expenditures before the end of 2027, ensuring continued development momentum on Temas’s Quebec assets. The private placement is subject to approval by the Canadian Securities Exchange and includes a mandatory hold period of four months plus one day on the securities issued.
Temas’s dual-business model leverages its patented Regenerative Chloride Leach (RCL) technology, which offers up to 65% lower processing costs and reduced environmental impact compared to traditional methods. This technology underpins the company’s licensing and partnership ambitions, while its 100% ownership of the La Blache and Lac Brule projects positions it to supply feedstock for its processing platform.
Building on Recent Technical and Commercial Advances
This funding announcement follows Temas’s recent appointment of Dr. Santiago Faucher to its Scientific Advisory Board, enhancing the commercialisation pathway for its RCL technology. The addition of a seasoned chemical process expert complements the company’s efforts to scale up its metallurgical platform and secure third-party contracts, as seen in its establishment of a new Ontario lab for RCL development.
With exploration capital secured, Temas is poised to advance assay programs and resource definition at La Blache and Lac Brule, which could feed directly into its technology licensing model. The company’s integrated approach aims to deliver scalable, low-carbon solutions that bolster Western critical mineral independence.
Bottom Line?
The success of this placement and subsequent exploration results will be key to validating Temas’s integrated mine-to-market strategy and its RCL technology’s commercial potential.
Questions in the middle?
- Will the Canadian Securities Exchange approve the private placement without delay?
- How will the market price Temas’s flow-through shares amid current critical minerals demand?
- What exploration milestones will Temas achieve on La Blache and Lac Brule within the next 12 months?
