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February 13, 2024
How One Company is Attempting to Improve the Mining Industry by Advancing Eco-Friendly Processing Technologies
The Company also recently announced a robust Preliminary Economic Assessment (PEA) for its Piskanja Boron Project located in Serbia.
All public filings for the Company can be found on the SEDAR website www.sedar.com.
The ORF TiO2 technology is estimated to be 59.2% lower on a production cost basis compared to The Chemours Company, the world’s largest TiO2 producer with the leading low-cost process. The result is a process 144.8% more cost-efficient.
A 2017 study published by the University of Minnesota’s Natural Resources Research Institute (“NRRI”) on the Patents’ TiO2 recovery process estimated the adjusted production cost per ton of TiO2 was $713 after a credit was applied for the sale of recovered iron oxide, representing a production cost basis 69.7% lower than the industry average estimated production cost of $2,352 per ton, and 59.2% lower than The Chemours Company’s leading low-cost process at $1,746 per ton.
The Patents’ process is less energy-intensive than the industry standard and can create high quality TiO2 from low grade materials, which contain contaminants other industry competitors must discard due to the prohibitive cost of extracting the full value utilizing current processes.
Titanium dioxide is a naturally occurring oxide of titanium. It has the highest refractive index of any material known to man and is one of the whitest materials on earth.
When ground into a fine powder, it transforms into a pigment that provides maximum whiteness and opacity.
TiO2 pigments are used for paints and coatings, plastics, paper, building materials, cosmetics, pharmaceuticals, foods and many other commercial products.
The entire market size for TiO2 is valued at $15.76 billion and is expected to experience a CAGR of 8.7% until 2025, according to Grand View Research, Inc.
It’s easy to overlook the importance of mineral discovery and mining. It happens far away from our cities and homes, it’s dirty work, and when you pull a massive block of raw material from the earth, it has zero resemblance to the skyscraper it will one day be part of.
Every day, we use devices that need quartz, iron, lithium, and cobalt to function. And those are just a few of the key minerals working to help you make a phone call, drive, and type emails. Societal progress requires raw building materials, and to access those materials, we must find and secure them.
The service Temas Resources and other mineral exploration companies provide is integral to building the future, and with the 50% acquisition of ORF Technologies that future is looking much greener. In a letter to the shareholders, CEO Michael Dehn expresses the importance of this move, “In a single transaction, we’ve effectively pivoted Temas Resources from just a regular junior mining company to now a one-of-a-kind environmental technology company that could change the mining industry as we know it.”
Temas Resources is being guided by responsible hands into position as an eco-friendly mining company that also happens to have sound business practices. From beyond just the optics of a mining company being more environmentally responsible, the efficacy of this technology could change the entire mining landscape for the better.
According to Market Watch, the global Titanium Metal market will be growing at a CAGR of 5.4% from 2021-2026. COVID-19 had a negative impact on this market due to the reduced production of automobiles and other pandemic-related slow downs. The effect on the market is an increase in the price of materials, which could be a bad thing for suppliers trying to grow their business… unless you’re Temas Resources.
This potential barrier is, in our opinion, a boon for Temas. Due to their 50% stake in ORF Technologies, Temas has access to patented, cost-efficient and eco-friendly processes for extracting, separating and recovering nickel, iron, gold and titanium dioxide
ORF’s technology leads to a process that is 144% more cost-efficient than even the world’s largest titanium dioxide producer. The process is also less energy-intensive than the industry standard and can create high-quality titanium dioxide from low-grade materials, which contain contaminants that competitors must discard. The enhanced cost-efficiency plus the ability to use materials other companies can’t, positions Temas to dominate the market on pricing alone.
Using the ORF approach, rocks are dissolved in hydrochloric acid to extract metals like titanium, nickel, and vanadium. Though the quality of the materials can be low, the mineral extracted by this process is extremely pure.
Temas’ also has a strategic partner in MetaLeach™ which offers an advantage when pursuing Nickel deposits, by offering the exact thing Elon is looking for – a more efficient and environmentally friendly way to extract Nickel. The process enables the treatment of base metals deposits that weren’t treatable with traditional processing methods, and offer potential capital and operating cost savings of 30-50% vs. current practices.
The technologies that ORF and MetaLeach bring to the table will help position Temas as a reliable, high quality supplier of Titanium Dioxide and Nickel, making these great opportunities for Temas.
A more recent development, the Piskanja Project is a strategic partnership with Erin Ventures. Temas has committed to spending a total of €10.5 million toward the development of Piskanja within a three-year period, and Erin will remain operator on the project until Temas has exercised the option to earn a 50% interest in its subsidiary, Balkan Gold. At that point Temas will become the operator of Piskanja.Piskanja has an indicated mineral resource of 7.8 million tonnes averaging 31% boron oxide and an inferred resource of 3.4 million tonnes averaging 28% boron oxide, and the project will be the only production of borates on the European continent.
Boron is used in chemical compounds, and about 50% of it is used as an additive in fiberglass for insulation and structural materials. The rest is used across polymers, ceramics, and other materials.
The respective CEOs had the following to say in the press release concerning the matter:
Michael Dehn, CEO of Temas said, “…having the ability to work on a great project and high demand commodity, that would be the only European production of borates that should add significant shareholder value. When considering Piskanja, alongside our Ilmenite deposits in Canada, we believe that Temas is becoming a very compelling story. Having access to premier projects that could produce products that end up in consumer and industrial products is intended to allow Temas evolve from an explorer to producer.”
As an additional upside to the project, the coal mining activities in the area are slowing down. This leaves a capable workforce available for labor when exploration begins. Overall, the addition of this property expands Temas’ presence as an environmentally conscious mineral company, while increasing their value.
President and CEO
Mr. Dehn’s experience spans early grassroots stages to advanced mineral exploration and production, including his well-known expertise in the Red Lake Greenstone Belt. He gained experience working with teams exploring and producing minerals for companies now worth hundreds of millions. The focus of much of his last 10 years of Quebec focused exploration and development has been on ore bodies very similar to Temas Resources’ La Blache deposit.
Director
Mr. Robinson is a CPA and has over 10 years of accounting and capital markets experience. Mr. Robinson is currently the group CFO and a partner in Cronin Group, a natural resource focused merchant bank based in Vancouver, British Columbia.
Director
Mr. Hardy has over 15 years of experience in the global resource sector where he has operated, advised and brought venture capital, private equity and strategic partners to the table. Mr. Hardy has founded and sold several resource focused businesses from services to extraction and development. Mr. Hardy is currently the CEO of Cronin Group, director and CEO of Imperial X Plc and director of Hexa Resources, among other private and public companies.
Director
Mr. Kutluoglu is a Professional Geoscientist and Fellow of the Society of Economic Geologists with more than fifteen years of notable exploration experience in a wide variety of commodities across North America.
CPA, CA, Chief Financial Officer
David Kwok (CPA, CGA) has over 18 years of experience working for public companies in various management roles. Recently, he provided financial & business consulting services for both public and private companies in the resource space, software development, internet infrastructure management and franchising. Prior to that, he has held the positions of Operations Controller & Business Administration Manager for Capstone Mining Corp., and Divisional Controller for Xstrata PLC and subsequently for Glencore PLC after the two companies merged.
Executive Chairman
Mr. Schafer has more than 30 years of experience working internationally in business development and exploration roles with major and junior mining companies. He is also Past-President of the Prospectors and Developers Association of Canada (PDAC), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and Past Chairman of the Canadian Mining Hall of Fame. He serves as a director for a select number of public resource companies.
Temas Resources Corp. (CSE: TMAS) (OTCQB:TMASF) is a great example of a mining technology company focused on the right things, at the right time. They have raised $5 million via Crescita Capital and an additional $3.6 million in flow-through funding for pursuit of their 2021 agenda.
The 50% stake in ORF will allow Temas to maintain a technological edge, while decreasing their environmental impact, and their current properties are located in areas with favorable geological makeup and a mining-friendly government. Global factors and trends show that the need for the raw materials Temas finds and secures is only growing. As long as their capable management team continues to guide the company well, they will be positioned to profit as demand for their services increases.
“We don’t want to do things the traditional way,” says Dehn. “Instead of blindly going forward with how things are always done, look for the opportunity that’s going to give you a quicker return on your investment but also leave a smaller environmental footprint.”
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