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Temas Resources Acquires 50% of ORF Technologies for USD 600,000.

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Vincent

MANews-(C)2009-2021

Canadian mineral exploration company Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) (FSE:26P) has acquired 50% of the outstanding shares of green mineral process developer ORF Technologies Inc. in exchange for a cash payment of USD 600,000, the company said.

On closing, the parties entered into a shareholders' agreement governing their rights and obligations going forward, including development and dividend policies, and pre-emptive rights to existing shareholders to acquire positions of other existing shareholders.

With the 50% acquisition of ORF, Temas' objectives are to achieve and provide the lowest cost processing alternative for speciality, strategic and rare earth metals producers.

ORF has developed several patented, ieaching and solvent extraction processes. With the ORF transaction, in conjunction with MetaLeach, Temas believes that these combined technologies will make a difference in helping to alleviate the significant environmental impact that results from present-day mineral processing.

Temas Resources Corp. is...

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