Temas Resources Corp. (TMAS) Financings
CSE: TMAS · Titanium, Vanadium · Advanced Exploration stage
- Market cap$7.0M
- Share price$0.065
- 52-week range$0.060 – $0.285
- Shares outstanding108,260,171
- ExchangeCSE
- Properties2
- Websitetemasresources.com
Temas Resources Corp. (ASX:TIO)(CSE:TMAS)(OTCQB:TMASF)(FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company's patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions - validated at up to 65% lower than traditional processing - while dramatically reducing energy use and environmental impact. Temas' RCL process is the foundation of its technology licensing and partnership business, enabling global mining and materials companies to adopt sustainable, high-margin metal extraction methods across a range of critical minerals including titanium, vanadium, nickel, and rare earth elements. Complementing its technology division, Temas also owns 100% of two advanced titanium-vanadium-iron projects in Québec, Canada - La Blache and Lac Brûlé - which are strategically positioned to feed directly into the Company's proprietary processing platform, creating a fully integrated mine-to-market supply chain for Western metals. Through this combination of innovative IP commercialization and resource ownership, Temas Resources is positioned to deliver scalable, low-carbon solutions that strengthen Western critical-mineral independence and create long-term value for shareholders.
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Temas Resources Corp. financial statements
Key figures read from 23 of 23 financial statement filings, Apr 29, 2021 to Sep 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,704,835 | C$76,562 | C$271,236 | C$789,501 | C$2,010,936 |
| Total current assets | C$4,938,492* | C$157,772* | C$366,718* | C$875,312* | C$2,458,313* |
| Exploration and evaluation assets | C$6,712,173 | C$6,576,865 | C$6,427,038 | C$6,406,721 | C$6,585,896 |
| Total assets | C$12,249,247 | C$6,734,638 | C$6,793,757 | C$8,790,966 | C$11,513,456 |
| Debt | — | C$0 | C$96,406 | — | C$0 |
| Total liabilities | C$1,689,644 | C$1,508,745 | C$1,949,819 | C$1,650,484 | C$675,681 |
| Shareholders' equity | C$10,559,603 | C$5,225,893 | C$4,843,938 | C$7,140,482 | C$10,837,775 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$3,015,469 | C$175,790 | C$422,982 | C$2,982,759 | C$383,685 |
| General and administrative | C$729,125 | C$743,603 | C$515,889 | C$281,404 | C$752,329 |
| Share-based compensation | C$295,000 | C$99,672 | C$91,370 | C$154,223 | C$750,704 |
| Impairments and write-downs | C$95,770 | C$12,087 | C$621,875 | — | — |
| Net income (loss) | (C$5,996,491) | (C$1,752,535) | (C$2,233,150) | (C$4,024,414) | (C$3,577,932) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,606,450) | (C$1,971,172) | (C$1,216,607) | (C$2,279,699) | (C$1,835,709) |
| Investing cash flow | (C$781,078) | (C$86,914) | (C$33,658) | (C$149,451) | (C$1,078,553) |
| Financing cash flow | C$11,015,801 | C$1,863,412 | C$732,000 | C$1,207,715 | C$1,547,900 |
| Exploration spending (capitalized) | (C$85,308) | (C$74,827) | (C$20,317) | (C$127,638) | (C$227,721) |
| Proceeds from share issues | C$11,015,801 | C$1,959,818 | C$592,000 | C$1,207,715 | C$1,067,400 |
| Change in cash | C$4,628,273 | (C$194,674) | (C$518,265) | (C$1,221,435) | (C$1,366,362) |
| Cash at end of period | C$4,704,835 | C$76,562 | C$271,236 | C$789,501 | C$2,010,936 |
Temas Resources Corp. financings
1 financing announced or closed by Temas Resources Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-15 | Temas Resources Corp. (TMAS) | Flow-through, non-brokered | Closed, 1 tranche | $1.5M | $0.180 | Temas Resources Announces Non-Brokered Private Placement of $1,500,000 |
Temas Resources Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Temas Resources Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2023-07-17 | Loan, signed | Cronin Capital Corp. | C$90,000 | 12%, matures 2024-07-17 |