Temas Resources Welcomes Red Lake Mining Veteran And Financier As President And CEO
Temas Resources Corp. (The Company, Temas Resources, CSE: TMAS, OTCQB: TMASF), a publicly traded company focused on the advancement of mineral independence within stable, mining-friendly jurisdictions, is pleased to welcome Mr. Michael Dehn to the position of President and CEO.
Mr. Michael Dehn brings an extensive track record working with some of the biggest names in mining, including executive leadership at numerous publicly traded companies and work on several projects that later went on to be acquired. Mr. Dehns experience spans early grassroots stages to advanced mineral exploration and production, including his well-known expertise in the Red Lake Greenstone Belt. Mr. Dehn began his career as one of the most notable geologists at Goldcorp Inc. (acquired by Newmont Corporation for $10 billion), just prior to the Red Lake High Grade Zone Discovery, working as part of exploration teams instrumental in delivering multiple producing mines. Working with Goldcorp for 10 years, managing off mine site exploration with a team of up to 75 employees and consultants, and annual budgets often in excess of CAN$20 million, Mr. Dehn and his team initiated the deep drilling at the Cochenour Mine in Red Lake District which is now in production (later sold to Evolution Mining Limited alongside Red Lake and Cambell mines and processing facilities for $375 million in cash, with up to an additional $100 million if new deposits are discovered).
During his tenure at Goldcorp, Mr. Dehn was also active in the exploration at Saskatchewan Minerals (later acquired, now Saskatchewan Mining and Minerals Inc., one of the world’s leading producers of natural high-quality sodium sulphate) and at Havelock Lime (also acquired, now part of Graymont Ltd., North Americas second largest supplier of lime and lime-based products). Mr. Dehn filled similar roles consulting at Caledonia Mining Corporation when the company was active in diamonds in the North West Territories, and operating gold mines in South Africa, while developing a gold mine in Scotland. Mr. Dehn has since gone on to fill key management roles at numerous publicly traded companies with listings across multiple exchanges including the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV) owned by TMX Group Limited, Frankfurt Stock Exchange (Deutsche B¶rse AG), and Berlin Stock Exchange (B¶rse Berlin AG).
Im very excited to be able to work with the strong technical and financial team at Temas Resources to advance the flagship La Blache property, particularly in light of my past work in that area, as well as having the opportunity to bring forward other high-value opportunities, commented Mr. Dehn, incoming President and CEO of Temas Resources. The well-financed position at Temas Resources, alongside an agile and aggressive management team, presents our stakeholders with an opportunity to benefit from rapid identification of overlooked, high-value opportunities. It is the intention of Temas Resources to bring key mineral projects to production in the most efficient timeline and with the most effective use of capital possible.
Mr. Dehns expertise in the Red Lake Greenstone Belt is well known, but less know is his abilities and experience in industrial minerals deposits, from discovery through permitting, and metallurgy testing through to customer acceptance. Having worked previously in the La Blache Anorthositic intrusive he worked closely with Process Research Ortech Inc. who have developed a process of leaching, solvent extraction and micritization that has lead to commercially acceptable Titanium(IV) oxide (TiO2) from ilmenite ore for the paint and plastics industry. Mr. Dehn has also work within apatite rich Anorthosites across the Grenville, rich in phosphorus for the fertilizer industry. He has permitted Fe-Ti-V rich anorthosites, and the focus of much of his last 10 years of Quebec focused exploration and development has been on ore bodies very similar to Temas Resources La Blache deposit.
Mr. Kyler Hardy, Temas Resources current CEO, will remain as a Director of the company. We are very excited to have Michael Dehns extensive years of experience added to ours. His track record of advancing growth-stage companies in leadership roles is a great match for Temas Resources, commented Kyler Hardy. As I step back from the role of CEO, I am confident Temas Resources will continue to rapidly advance its critical mission of mineral independence with Mr. Dehns expert guidance.
Mr. Michael Dehns appointment is effective November 4th, 2020.
Temas Resources also announces that it has granted 2,250,000 stock options to purchase common shares to the directors and management team members of Temas Resources in accordance with the Companys stock option plan. Each option is exercisable to purchase one common share of Temas Resources at $0.71 per common share. 1,250,000 of the options vest immediately and have a three-year term. 1,000,000 of the options, which were issued to Mr. Dehn, vest in equal installments on an annual basis over a three-year term. All common share and option issuances are subject to applicable regulatory approvals, including the Canadian Securities Exchange.
About Temas Resources
Temas Resources Corp. (“Temas Resources“) (CSE: TMAS) (OTCQB: TMASF) is responding to the growing global demand for Iron ore and two strategically important minerals Titanium and Vanadium deemed by the U.S. Department of the Interior as critical to U.S. national security and the economy. Temas Resources first and flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the largest solid ilmenite deposit in the world. As a mineral exploration company focused on the acquisition, exploration and development of Iron, Titanium, and Vanadium properties, Temas Resources has focused its efforts on advancing two major projects in the Grenville Geological Province area. The first, the DAB Property, is an option for 100% interest consisting of 128 contiguous mineral claims which cover 6,813.72 hectares (68.14 km²) within the Grenville Geological Province. The flagship, the La Blache Property, is 100% ownership of 48 semi-contiguous mineral claims which cover 2,653.25 hectares (26.53 km²) within the Grenville Geological Province.
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