Temas Resources Corp. Approved for Trading on OTCQB® Venture Market
Temas Resources Corp. Approved for Trading on OTCQB® Venture Market
VANCOUVER, British Columbia, August 7, 2020 - Temas Resources Corp. (CSE: TMAS,
OTCQB: TMASF), a Vancouver-based mineral exploration company focused on the
acquisition, exploration and development of Iron, Titanium and Vanadium properties
in Canada, announced today that it has been approved for trading on the OTCQB
Venture Market under the ticker symbol “TMASF”, effective August 5, 2020. In
addition, Temas has secured DTC and CNS eligibility by The Depository Trust
Company (DTC) for its shares traded on the OTCQB. The Company will remain listed
on the Canadian Stock Exchange under the symbol “TMAS.”
Qualifying for certification by the OTCQB, operated by OTC Markets Group, requires
strict disclosures and listing requirements, including current reporting and annual
verification and management certification. In addition to providing increased visibility
and transparency for shareholders, the OTCQB exchange facilitates international
trading in multiple markets for emerging companies.
“The up-listing to OTCQB is a significant milestone in exposure for our company on
the international stage ,” said Kyler Hardy, Chief Executive Officer and Director of
Temas Resources. “The additional financial liquidity provided by this strategic move
will greatly assist us as we further develop our DAB project and pursue other
opportunities in the Iron, Titanium and Vanadium sectors.”
About Temas Resources Corp.
Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF) is a mineral exploration
company focused on the acquisition, exploration and development of Iron, Titanium
and Vanadium properties in Canada. The Company has an option to acquire a 100%
interest in the DAB Property, which consists of 128 contiguous mineral claims which
cover 6813.72 hectares (68.14 km2) within the Grenville Geological Province located
in Quebec, Canada. All public filings for the Company can be found on the SEDAR
website sedar.com. For more information about the Company, please visit
temasresources.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the
OTCQB Venture Market and the Pink Open Market for 10,0 00 U.S. and global
securities. Through OTC Link ATS and OTC Link ECN, OTC Markets Group connects a
diverse network of broker-dealers that provide liquidity and execution services. The
firm enables investors to easily trade through the broker of their choice and empower
companies to improve the quality of information available for investors.
On behalf of the Board of Directors of Temas Resources Corp.,
“Kyler Hardy”
CEO, Director
Contact: Jim Davis, Investor Relations
Email: [email protected]
Forward Looking Statements
This news release includes certain “Forward ‐Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and “forward‐looking
information” under applicable Canadian securities laws. When used in this news release, the
words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”,
“would”, “could”, “schedule” and similar words or expressions, identify forward ‐looking
statements or information. These forward‐looking statements or information relate to, among
other things: entry into a definitive agreement for the Equity Investment Facility, closing of
the Equity Investment Facility, the Company’s plan to build an advanced base and special
metals portfolio, the development of the La Blache Property, including drilling activities; and
future mineral exploration, development and production, the funding of the Company
pursuant to the Equity Investment Facility, the issuance of securities pursuant to the Equity
Investment Facility, and the resale restrictions and arrangements relating to such securities.
Forward‐looking statements and forward ‐looking information relat ing to any future mineral
production, liquidity, enhanced value and capital markets profile of Temas, future growth
potential for Temas and its business, and future exploration plans are based on management’s
reasonable assumptions, estimates, expectations, analyses and opinions, which are based on
management’s experience and perception of trends, current conditions and expected
developments, and other factors that management believes are relevant and reasonable in
the circumstances, but which may prove to be incorrect. Assumptions have been made
regarding, among other things, the price of silver, gold and other metals; no escalation in the
severity of the COVID -19 pandemic; costs of exploration and development; the estimated
costs of development of exploration projects; Temas’ ability to operate in a safe and effective
manner and its ability to obtain financing on reasonable terms.
These statements reflect Temas’ respective current views with respect to future events and
are necessarily based upon a number of other assumptions and estimates that, while
considered reasonable by management, are inherently subject to significant business,
economic, competitive, political and social uncertainties and contingencies. Many factors, both
known and unknown, could caus e actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be
expressed or implied by such forward‐looking statements or forward-looking information and
Temas has made assumptions and estimates based on or related to many of these factors.
Such factors include, without limitation: the Company’s dependence on one mineral project;
precious metals price volatility; risks associated with the conduct of the Company’s mining
activities in Quebec; regulatory, consent or permitting delays; risks relating to reliance on the
Company’s management team and outside contractors; risks regarding mineral resources and
reserves; the Company’s inability to obtain insurance to cover all risks, on a com mercially
reasonable basis or at all; currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project financing and equity issuances;
risks and unknowns inherent in all mining projects, includi ng the inaccuracy of reserves and
resources, metallurgical recoveries and capital and operating costs of such projects; contests
over title to properties, particularly title to undeveloped properties; laws and regulations
governing the environment, health and safety; the ability of the communities in which the
Company operates to manage and cope with the implications of COVID-19; the economic and
financial implications of COVID -19 to the Company; operating or technical difficulties in
connection with mining or development activities; employee relations, labour unrest or
unavailability; the Company’s interactions with surrounding communities and artisanal
miners; the Company’s ability to successfully integrate acquired assets; the speculative
nature of exploration and development, including the risks of diminishing quantities or grades
of reserves; stock market volatility; conflicts of interest among certain directors and officers;
lack of liquidity for shareholders of the Company; litigation risk; and the fac tors identified
under the caption “Risk Factors” in Temas’ management discussion and analysis. Readers are
cautioned against attributing undue certainty to forward ‐looking statements or forward -
looking information. Although Temas has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause results not to
be anticipated, estimated or intended. Temas does not intend, and does not assume any
obligation, to update these forward ‐looking s tatements or forward -looking information to
reflect changes in assumptions or changes in circumstances or any other events affecting
such statements or information, other than as required by applicable law.