TEMAS Complete Drill Program Targets Critical Minerals and Rare Earth Elements

11/27/2025 – 05:00 AM

Technology‑driven critical‑metals firm advancing western supply resilience through patented processing IP, strategic exploration assets, and global commercial partnerships.

Highlights

• 2,302 metres of HQ diamond drilling completed at the La Blanche Vanadium‑Titanomagnetite project in Quebec.
• Core assays will be sent to ALS Limited’s geochemistry lab in Lachine, Quebec, with results expected to start flowing in January 2026.
• 181 historic holes (36,614 metres) to be re‑assayed for gallium, scandium and other rare‑earth elements.
• Program designed to expand the Farrell‑Taylor massive‑oxide inferred resource of 108.8 million tonnes at 17.8 % TiO₂, 0.32 % V₂O₅ and 59.4 % Fe₂O₃.
• Early observations indicate the presence of gallium, scandium, titanium and vanadium.
• Phase‑2 drilling planned for early to mid‑2026.
• Core will support Temas’ Regenerative Chloride Leach (RCL) technology, which claims up to 65 % cost reductions and higher recoveries for titanium, vanadium, rare‑earth and other critical metals.
• First RCL test results expected in early 2026.
• Discussions are under way to apply RCL to third‑party ores, including gold, silver, nickel and REE projects.

VANCOUVER, BC – Temas Resources Corp. (ASX:TIO | CSE:TMAS | OTCQB:TMASF | FSE:26P0) announced the completion of its fall/winter drilling campaign at the La Blanche property in Quebec. With the field program finished, the company will submit the core to ALS Geochemistry for a full suite of assays and geometallurgical testing to refine its geological model and to evaluate the Regenerative Chloride Leach platform.

The 2,302‑metre drill program focused on the Farrell‑Taylor massive‑oxide (MO) deposit and represents the first phase of a multi‑year exploration plan that will also target the Lac Schmoo, Hervieux East and Hervieux West zones in 2026. Results are expected to underpin an upgrade of the existing 208.5‑million‑tonne inferred resource and to support a transition to higher‑confidence categories in a JORC‑compliant MRE by calendar year 2026.

Tim Fernback, CEO, said: “Our winter program confirmed strong signatures for scandium and gallium in addition to titanium, vanadium and iron. These critical metals are essential for advanced aerospace alloys and semiconductor technologies, and they add significant upside to our forthcoming resource estimate.”

Fernback added that the La Blanche deposit is “large, complex and highly prospective,” and that integrating the RCL process into future development work could create a cost‑effective pathway for extracting a suite of critical metals from polymetallic ore bodies.

Chief Operating Officer David Caldwell noted that a 2022 drill campaign had already highlighted elevated scandium and gallium in the massive‑oxide zone. “The consistency of mineralisation across the 2022 holes and the new LB‑22‑07 intercept—about 87 metres of continuous massive oxide—strengthens the case for a multi‑element resource model,” he explained.

Temas now holds 100 % ownership of the La Blanche and Lac Brûlé projects and has secured all historic drill material, representing an estimated CAD $35 million in cost avoidance. The re‑assay of this legacy core will deliver a robust dataset that can accelerate feasibility‑level studies.

Technical and market context

The global demand for titanium, vanadium, gallium and scandium is accelerating as manufacturers pursue lighter, stronger alloys for aerospace, defense and electric‑vehicle applications. According to a recent Wood Mackenzie report, demand for titanium alloys could grow at a compound annual growth rate (CAGR) of 6 % through 2035, driven primarily by aerospace and medical sectors. Vanadium, a key component of high‑strength steel, is similarly poised for growth as the renewable‑energy sector expands. Gallium and scandium, though produced in relatively small volumes, command premium prices due to their use in semiconductor lasers and high‑performance aluminium alloys.

Temas’ RCL technology promises to lower processing costs by up to 65 % relative to conventional chlorination routes, primarily through reduced reagent consumption and lower energy requirements. If independently validated, the technology could position Temas as a low‑cost supplier of a diversified critical‑metal portfolio, offering a strategic hedge against supply disruptions in China‑dominated markets.

From a financial perspective, the ability to monetize multiple by‑products (Ti, V, Ga, Sc, Cr) from a single ore body improves project economics by diversifying revenue streams. Preliminary cash‑flow modeling suggests that a 65 % cost reduction could lift net present value (NPV) by 30‑40 % under baseline metal price assumptions, strengthening the case for equity financing and potential joint‑venture partnerships.

Temas is also in advanced talks with several downstream processors to license the RCL platform for third‑party ores, including gold‑copper‑nickel concentrates and REE‑rich deposits. Such licensing agreements could generate recurring royalty income while expanding the technology’s validation base.

Regenerative Chloride Leach (RCL) update

Core from the current program and the historic archive will be used to refine the RCL process. Laboratory testing is scheduled to begin in January 2026, with initial metallurgical results expected by March 2026. The company emphasizes that the cost‑reduction claims are based on internal pilot studies; independent verification in a JORC‑compliant feasibility study has yet to be performed.

Foreign resource cautionary statements

The La Blanche resource figures disclosed in the company’s prospectus dated 29 August 2025 are foreign estimates and have not been reported under the JORC 2012 code. A competent person has not undertaken sufficient work to upgrade these estimates to JORC‑compliant resources. The company is undertaking additional drilling and assay work to enable such an upgrade.

– ENDS –

Approved for release by the Board of Directors.

Competent Person’s / Qualified Person’s Statement

The exploration and resource information in this announcement has been prepared by Mr. Malcolm Castle, BSc (Hons), GCertAppFin (Sec Inst), MAusIMM, Principal Consultant of Agricola Mining Consultants Pty Ltd. Mr. Castle’s role is limited to the geological data and exploration results presented; he has not reviewed metallurgical test work, processing technology, or economic assessments. Mr. Castle is a Member of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person under the 2012 JORC Code and as a Qualified Person under NI 43‑101.

Agricola Mining Consultants Pty Ltd is an independent consultancy with no direct or indirect interest in Temas Resources Corp.

About Temas Resources

Temas Resources Corp. (ASX:TIO | CSE:TMAS | OTCQB:TMASF | FRA:26P0) is a technology‑driven critical‑minerals company operating a dual‑business model: proprietary processing innovation and strategic mineral ownership. The company’s patented Regenerative Chloride Leach platform delivers operational cost reductions—up to 65 % versus traditional processing—while lowering energy use and environmental impact.

Through licensing and joint‑venture arrangements, Temas enables mining and materials companies worldwide to adopt its low‑carbon extraction methods for titanium, vanadium, nickel, rare‑earth elements and other critical metals. Complementing this technology business, Temas owns 100 % of two advanced titanium‑vanadium‑iron projects in Quebec—La Blanche and Lac Brûlé—creating an integrated mine‑to‑market supply chain for Western critical‑metal needs.