Funds to Boost Quebec Projects and Technology
On April 24, 2026, Temas Resources Corp. announced the completion of a CAD $1.5 million fundraising through a non-brokered private placement. This funding will bolster the company’s strategy to advance critical minerals exploration and technology development.
This substantial capital was raised by issuing 8,333,334 flow-through shares at CAD $0.18 each to the Maple Leaf Critical Minerals 2026 Enhanced Fund. Maple Leaf now holds an approximate 9.9% stake in Temas Resources, reinforcing its position as a long-term shareholder.
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.”
Investment to Drive Quebec Projects
The placement proceeds are allocated to eligible Canadian exploration expenditures at Temas Resources’ La Blache and Lac Brûlé titanium projects in Québec. These projects include ongoing assaying and re-assaying programmes focused on critical minerals and rare earth elements. The company plans to complete all qualifying expenditures by December 31, 2027, with renouncements to subscribers effective by the end of 2026. Shares issued under this placement are subject to a statutory hold period of four months and one day according to Canadian securities laws.
This funding is integral to Temas Resources’ dual strategy, which involves enhancing its Québec-based titanium-vanadium projects and accelerating the commercial rollout of its proprietary Regenerative Chloride Leach (RCL) technology. Designed to offer a more sustainable and cost-effective mineral extraction process, the RCL platform delivers operational cost reductions validated at up to 65% lower than traditional methods.
Temas Resources is committed to minimizing environmental impact and increasing efficiency in mineral production. The company’s dedication to innovation is evident in its global licensing efforts and strategic mineral ownership, advancing its proprietary processing technologies.
No finder’s fees were paid in connection with this transaction, emphasizing the direct nature of the investment. This strategic investment ensures Temas Resources can explore its projects thoroughly while commercializing its innovative RCL technology platform, which promises a significant reduction in energy use and environmental impact. The company’s focus on the commercialization of this technology underlines its commitment to revolutionizing metal production worldwide.
