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The latest update is out from Temas Resources ( (TSE:TMAS) ).
Temas Resources has launched a major re-assay program on 36,614 metres of historic drill core from its La Blache deposits in Quebec, seeking to quantify additional pay metals such as gallium, scandium and chromium alongside iron, titanium and vanadium. By reusing existing core rather than commissioning new drilling, the company expects to avoid about $40 million in future drilling costs and cut several years from its development timeline.
Re-logging is complete and samples are now being shipped to ALS Labs in Quebec, with results to be released progressively and used to update the La Blache mineral resource and scoping-level economic studies. Management expects the work to add around 30 million tonnes of measured and indicated TiO2 resources and incorporate new critical metals into a restated study under JORC, supporting Temas’ strategy to validate and commercialise its patented RCL technology and potentially strengthen the project’s value proposition for shareholders.
The most recent analyst rating on (TSE:TMAS) stock is a Sell with a C$0.21 price target. To see the full list of analyst forecasts on Temas Resources stock, see the TSE:TMAS Stock Forecast page.
Spark’s Take on TSE:TMAS Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMAS is a Neutral.
The score is primarily held down by very weak financial performance (no revenue, widening losses, and worsening cash burn in 2025), only partially offset by a low-debt balance sheet. Technical indicators are broadly neutral with limited momentum, while valuation metrics are not supportive given the company remains unprofitable and no dividend yield is available.
To see Spark’s full report on TSE:TMAS stock, click here.
More about Temas Resources
Temas Resources Corp. is a multi-listed mining and technology company focused on developing the La Blache iron-titanium-vanadium project in Quebec and advancing its proprietary Regenerative Chloride Leach processing technology. The company’s 100%-owned RCL platform, protected by 11 granted patents, targets lower-cost, higher-recovery extraction of multiple critical and precious metals, including titanium, nickel, cobalt, copper, rare earth elements, gold and silver. Temas aims to leverage both its resource base and process innovation to expand payable metals and improve project economics across its portfolio.
Average Trading Volume: 85,162
Technical Sentiment Signal: Sell
Current Market Cap: C$8.01M
For a thorough assessment of TMAS stock, go to TipRanks’ Stock Analysis page.