Temas Resources Corp (OTCMKTS:TMASF) Stock On Radar: Here is Why

Last Friday there were many companies which were in the news and one such company was Temas Resources Corp (OTCMKTS:TMASF), which made a major new announcement. The company announced on the day that it had decided to terminate its option and joint venture agreement with the company Erin Ventures Inc.

Trading Data

On Friday, TMASF stock moved down 2.01% to $0.0366 with more than 784 shares, compared to its average volume of 14.35K shares. The stock moved within a range of $0.0303 – 0.0366 after opening trade at $0.0303.

Temas Resources Announces Termination Of Piskanja Boron Project Option Agreement And Management Changes

The agreement in question had been for the collaborative development of the Piskanja Borate project that belonged to the company. As per the provisions of the options agreement between the two parties, Temas Resources decided to serve notice to Erin Ventures regarding the termination of the options agreement. The termination would go into effect on January 23, 2022.

However, that was not all. There was another important announcement from the company that investors need to know about. Temas also announced that Michael Dehn had resigned from his position as the President, Chief Executive Officer and also from his place on the company’s board.

The company appointed Samuel Hardy as the new President and Chief Executive Officer following the departure of Dehn. Hard is going to be initially focussed on working with the management at the company for advancing the Iron-Titanium—Vanadium projects that the company operates in Quebec.

Key Quote

“On behalf of the Board of Directors of Temas Resources, we would like to thank Michael for his service as President, CEO and Director and we wish him well in his future endeavours,” said Samuel “Kyler” Hardy, current Director of Temas.