Temas Targets Acquisition of ORF Technologies

Temas Resources Corp of Vancouver, BC has signed a non-binding letter of intent to acquire a major stake of the issued and outstanding shares of ORF Technologies Inc and the patents owned by ORF, which are targeted at reducing the production costs and environmental impacts of titanium dioxide manufacturing. The patents are for the cost-efficient and eco-friendly extraction, separation and recovery of nickel, iron, gold, and titanium dioxide, with ongoing development of new patents for the extraction and recovery of rare earth elements and zinc expected to be completed in 2021.

Temas reports that the patents’ titanium dioxide technology is estimated to be 59.2% lower on a production cost basis compared with the process used by The Chemours Co, the world’s largest pigment manufacturer and leading low-cost producer with the leading low-cost process.

Michael Dehn, Temas’ CEO, said, “It will be a tremendous benefit for the company to have access to such robust intellectual property that could unlock significant value from our 100%-owned La Blache property in Quebec. Previous test work by Process Research Ortech using the ORF ilmenite process has produced material that has exceeded specifications of major North American commercial end-users.”

Volume 35, Issue 03

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