Final Approvals Received - Temas to Proceed with Strategic Partnership on the Piskanja Boron Project
CSE: TMAS
OTCQB: TMASF
FSE: 26P
Temas Resources Corp. is pleased to announce that further to its news release dated July 16, 2021, the Company’s option and joint venture agreement with Erin Ventures has received requisite consent from the majority of Erin Venture’s shareholders, approving the proposed Option Agreement.
As this was the final outstanding condition set by TSX Venture Exchange, the Transaction with Erin Ventures is officially approved and becomes binding on the parties effective immediately.
Erin’s wholly-owned subsidiary, Balkan Gold, holds Erin’s rights to Piskanja, Erin’s boron deposit with an indicated mineral resource of 7.8 million tonnes, and an inferred resource of 3.4 million tonnes, calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves.
"With all approvals in place we are excited to be able to move forward on the Piskanja Project," said Michael Dehn, President and CEO of Temas Resources. "Having a cooperative team between Erin Ventures and Temas Resources with a common goal of success for all stakeholders in the companies and the Property should provide benefits to shareholders, local communities, and several levels of governments. Next steps of the work program with the goal of developing a Preliminary Economic Assessment (PEA) will be announced in the coming weeks."
Find the full release here at: [https://finance.yahoo.com/news/final-approvals-received-temas-proceed-123000352.html](https://finance.yahoo.com/news/final-approvals-received-temas-proceed-123000352.html)
This is not financial advice!!
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