Temas Resources Corp. Announces Filing of PEA for La Blache Project and Economic Indicator Updates

Temas Resources Corp., based in Vancouver, BC, has officially filed an Independent Technical Report and Preliminary Economic Assessment (PEA) for its wholly-owned La Blache Ti-V-Fe Project in Quebec on SEDAR+. This report highlights material economic changes between the initial announcement on February 7, 2024, and the final submission. The PEA outlines revised economics for the project, including pre-tax and post-tax cash flow, IRR, and Net Present Value (NPV8), showing a slight adjustment in the project's potential economic outcome.

According to Temas President Tim Fernback, the La Blache project exhibits strong economic potential, buoyed by the promising market for titanium, which has been trading significantly above initial price assumptions. This strength, along with proprietary extraction technology, increases confidence in the project's viability. The PEA, prepared by ERM and supervised by professionals recognized under NI 43-101 standards, adheres to rigorous assessment requirements, offering a structured outlook for stakeholders.

The PEA also includes a cautionary note, emphasizing its preliminary nature and reliance on inferred mineral resources, which bear speculative geological aspects and do not guarantee economic conversion to mineral reserves. The report, effective March 27, 2024, serves not only as a comprehensive assessment of the La Blache project's economic aspects but also aligns with the company's strategic goals in mineral independence and environmental sustainability.