Vancouver, British Columbia – (COMMERCIAL THREAD) – Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE: 26P) (the “Company” or “Temas Resources”) is pleased to announce that on July 26, 2021, it has entered into a marketing and consulting contract (the “ Contract ”) with North Equities Corp. (“North Equities”). As per the deal, North Equities will facilitate greater investor engagement and widespread dissemination of company news, as well as increase the company’s current social media presence.
The Company will issue 308,823 common shares in the Company’s authorized share structure (each, one “share”) to North Equities at a price of $ 0.34 per share (being the closing price of the shares on July 26, 2021) in payment of $ 105,000 due for work already carried out under the agreement. No other payment is due by the Company to North Equities during the term of the six month agreement. The Shares will have a legal holding period of four months.
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About Temas Resources Corp.
The Company is focused on advancing mineral independence and providing high purity, low cost and environmentally friendly mineral processing technologies to the mining industry. Temas actively invests and works to apply green technologies to support the reduction of the environmental impact and carbon footprint of current metal mining techniques.
The Company is advancing Fe-Ti-V projects in Quebec and soon expects to be active on boron projects in Serbia.
On behalf of the Board of Directors of Temas Resources Corp.,
This press release includes certain “forward-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 press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “foresee”, “could”, “” Schedule ”and similar words or expressions, identify forward-looking statements or information.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, improved value and capital market profile of Temas Resource, the potential for future growth of Temas Resources and its businesses, and future exploration plans are based on on management’s assumptions, reasonable estimates, expectations, analyzes and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management considers relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, inter alia, the price of iron, titanium, vanadium and other metals; no escalation in severity of COVID-19 pandemic; exploration and development costs; the estimated development costs of exploration projects; The ability of Temas Resources to operate in a safe and efficient 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 on a number of other assumptions and estimates which, while considered reasonable by management, are inherently subject to significant commercial, economic, competitive, political and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements which are or may be expressed or implied by such forward-looking statements or forward-looking information and Temas Resources has makes assumptions and estimates based on or related to more than one of these factors. These factors include, but are not limited to: the Company’s reliance on a single mining project; volatility of precious metal prices; the risks associated with the conduct of the Company’s mining activities in Quebec; regulatory, consent or authorization deadlines; risks related to dependence on the Company’s management team and external subcontractors; risks relating to mineral resources and reserves; the inability of the Company to obtain insurance to cover all risks, on a commercially reasonable basis or not at all; currency fluctuations; risks associated with the inability to generate sufficient cash flow from operations; risks related to project financing and share issues; the risks and uncertainties inherent in all mining projects, including inaccuracy of reserves and resources, metallurgical recoveries and the capital and operating costs of such projects; disputes over title to property, in particular title to undeveloped property; laws and regulations governing the environment, health and safety; the capacity of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 for Society; operating or technical difficulties related to operating or development activities; labor relations, social unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate the assets acquired; the speculative nature of exploration and development, including the risks of decreasing quantities or grades of reserves; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for the shareholders of the Company; risk of litigation; and the factors identified under the heading “Risk Factors” in Temas Resources’ management discussion and analysis. Readers are cautioned against assigning undue certainty to forward-looking statements or forward-looking information. Although Temas Resources has attempted to identify significant factors that could cause actual results to differ materially, other factors may prevent results from being anticipated, estimated or wanted. Temas Resources does not intend, and assumes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements or information, other as required by law.