April 24, 2026 – Toronto, Canada / Perth, Australia
Temas Resources Corp. (ASX: TIO | CSE: TMAS | OTCQB: TMASF | FSE: 26P0) has secured approximately CAD $1.5 million in funding through a non-brokered private placement, strengthening its balance sheet as it advances exploration activities and commercialisation of its proprietary processing technology.
The placement was completed at a premium to the Company’s current market price and comprised 8,333,334 flow-through shares issued at CAD $0.18 per share to a single institutional investor, Maple Leaf Critical Minerals 2026 Enhanced Fund.
Following the investment, the Maple Leaf Group of Critical Minerals Funds will hold approximately 9.9% of Temas Resources’ issued capital, reinforcing its position as a key long-term shareholder.
Commenting on the financing, Tim Fernback, President & CEO of Temas Resources, stated:
“We appreciate the ongoing support from Maple Leaf Funds, one of our key institutional investors. This financing, secured at a price above the current market level, positions us to keep building value by advancing our understanding of gallium and scandium at La Blache, while directing most of our resources toward business development and the commercialization of our RCL Metallurgical Platform Technology.”
Proceeds from the placement will be directed toward eligible Canadian exploration expenditures across the Company’s La Blache and Lac Brûlé titanium projects in Québec, including ongoing critical mineral and rare earth element assaying and re-assaying programs.
All qualifying expenditures are expected to be incurred by 31 December 2027 and renounced to subscribers effective 31 December 2026.
The shares issued under the placement are subject to a statutory four-month and one day hold period under Canadian securities laws. No finder’s fees were paid in connection with the transaction.
This funding supports Temas Resources’ dual strategy of advancing its Québec-based titanium-vanadium projects while accelerating the commercial rollout of its Regenerative Chloride Leach (RCL) platform, a proprietary hydrometallurgical process designed to deliver lower-cost, lower-emission extraction of critical minerals.
About us:
ABOUT TEMAS RESOURCES
Revolutionising Metal Production
Proprietary IP. Global Licensing. Titanium & Critical Minerals.
Temas Resources Corp. (ASX:TIO | CSE:TMAS | OTCQB:TMASF | FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company’s patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions — validated at up to 65% lower than traditional processing — while dramatically reducing energy use and environmental impact.
Temas’ RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements.
Complementing its technology division, Temas also owns 100% of two advanced titanium-vanadium-iron projects in Québec, Canada — La Blache and Lac Brûlé — which are strategically positioned to feed directly into the Company’s proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals.
Through this combination of innovative IP commercialisation and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.
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Jane Morgan
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