Temas Resources Adjusts Financing Terms for $1.5 Million Private Placement

Temas Resources Corp., based in Vancouver, BC, announced a revision to the terms of its previously detailed non-brokered private placement. Originally set at $0.25 per unit, the price has now been adjusted to $0.20 per unit, allowing the issuance of up to 7,500,000 units to achieve gross proceeds of $1.5 million. This adjustment was revealed in a follow-up to the company's initial announcement on February 8, 2024.

Each unit in this placement comprises one common share and a half of one common share purchase warrant. Warrant holders are afforded the opportunity to purchase additional common shares at $0.40 each within two years from the closing date. Temas has outlined the utilization of the financing proceeds to advance the La Blache project, enhance marketing efforts, and bolster working capital. The arrangement might also accommodate finder's fees payable in cash or securities.

Temas Resources operates with a strong focus on critical metals, crucial for national mineral independence, through its exploration projects in Quebec. The company emphasizes the integration of green mineral recovery technologies within its operations, striving for reduced environmental impacts and a diminished carbon footprint in metal extraction.