Temas Resources Engages The Howard Group To Direct Capital Market Communications Programs Update on 50% Acquisition of ORF Technologies
Temas Resources Engages The Howard Group To Direct Capital Market
Communications Programs Update on 50% Acquisition of ORF Technologies
Vancouver, March 11, 2021 - Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE:
26P) (“The Company”, “Temas”) is pleased to announce that it has engaged The Howard Group
Inc. (The Howard Group) as its investor relations communications advisor to direct both traditional
and online initiatives targeting the investment community and retail investing groups.
The Agreement is for one -year commencing March 9, 2021. The total remuneration payable to
The Howard Group will be $8,000 (plus GST) per month. In addition, The Howard Group will be
granted options under Temas’ incentive stock option plan to acquire 635,000 common shares of
the Company with the exercise price equal to $1.10. These options have a term of three years and
will vest quarterly over the one-year term.
Neither the Howard Group or Grant Howard currently own any securities of Temas Resources.
Grant Howard states, “We see great future potential in Temas with a focus on commercializing
its proprietary and environmentally friendly mineral processing technology, which is in addition
to the assets contained in the company’s mineral properties.”
Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets
programs, financing assistance, business development solutions and strategic plan ning to public
companies.
In addition, The Howard Group will be providing an ongoing commentary on Temas Resources’
activities through its "Insight" blog. Interested parties are encouraged to subscribe to the
commentary feed:
https://howardgroupinc.com/howard-group-blog/.
Temas would also like to provide an update regarding the 50% acquisition of ORF Technologies.
The funds for acquisition of shares have been wired and are in Escrow with ORF Technologies
lawyers. The share purchase agreement and shareholders agreement are n earing finalization. A
News Release will be issued upon execution of the agreements.
About Temas Resources
Temas Resources Corp. (" Temas Resources ") (CSE: TMAS) (OTCQB: TMASF) is responding
to the growing global demand for iron ore and two strategically important minerals — titanium
and vanadium — deemed by the U.S. Department of the Interior as critical to U.S. national security
and the economy. Temas Resources properties are located in the stable, mining -friendly
jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area
known as the Grenville Geological Province. The Grenville Geological Province is home to Lac
Tio, the largest solid ilmenite deposit in the world. As a mineral exploration company focused on
the acquisition, exploration and development of iron, titanium, and vanadium properties, Temas
Resources has focused its efforts on advancing two major projects in the Grenville Geological
Province area. The Company’s first project, the DAB Property, consists of an option for 100%
interest on 128 contiguous mineral claims which covers 6,813 hectares (68.14 km²) within the
Grenville Geological Province. At the Company’s flagship La Blache Property, Temas has 100%
ownership of 48 semi-contiguous mineral claims which c over 2,653 hectares (26.53 km²) within
the Grenville Geological Province. All public filings for the Company can be found on the SEDAR
website www.sedar.com . For more information about the Company, please visit
www.temasresources.com
For further information or investor relations inquiries, please contact us:
Nick Spencer
Investor Relations
www.temasresources.com
or
Dave Burwell
Vice President
The Howard Group Inc.
Email: [email protected]
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Forward Looking Statements
This news release includes certain “Fo rward‐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.
Forward‐looking statements and forward‐looking information relating to any fut ure mineral
production, liquidity, enhanced value and capital markets profile of Temas Resources, future
growth potential for Temas Resources 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 pro ve to be incorrect. Assumptions have been made regarding,
among other things, the price of iron, titanium, vanadium 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 Resources’ ability to operate in a safe and effective
manner and its ability to obtain financing on reasonable terms.
These statements reflect Temas Resources’ 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 cause 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 Resources has made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation:
the Co mpany’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 te am and outside
contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain
insurance to cover all risks, on a commercially 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, including 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 implica tions 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 factors identified under the caption “Risk
Factors” in Temas Resources’ management discussion and analysis. Readers are cautioned against
attributing undue certainty to forward‐looking statements or forward -looking information.
Although Temas Resources has attempted to identify important factors that could cause actual
results to differ materially, there may be oth er factors that cause results not to be anticipated,
estimated or intended. Temas Resources does not intend, and does not assume any obligation, to
update these forward‐looking statements 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.