Temas Resources Welcomes J.P. Morgan Alumnus and Billion Dollar Dealmaker as Senior Vice President of Corporate Finance
Temas Resources Welcomes J.P. Morgan Alumnus and Billion Dollar
Dealmaker as Senior Vice President of Corporate Finance
VANCOUVER, British Columbia, February 11, 2021 ― Temas Resources Corp. (“The
Company”, “Temas Resources”, CSE: TMAS, OTCQB: TMASF, FSE: 26P), a publicly
traded company focused on the advancement of mineral independence within stable,
mining-friendly jurisdictions, announced today it has appointed Mr. Ryan Kuhn as its
Senior Vice President of Corporate Finance.
Mr. Kuhn carries a work ing pedigree of multiple billion dollar acquisitions and
financings, holding positions at firms and organizations such as J.P. Morgan and
World Fuel Services Corporation (NYSE Listed), where he acted as Head of Mergers
& Acquisitions. Notably, Mr. Kuhn fac ilitated the $1.5 billion dollar acquisition of
Chloride Group by Emerson Electric Co. (NYSE Listed), as well as the securing of a
$1.1 billion dollar credit facility financing on behalf of William Koch’s Oxbow Carbon,
one of the world’s largest recyclers of refinery and natural gas byproducts.
“It’s a rare vote of confidence when someone with such a distinguished resume and
track record like Mr. Kuhn lends their support to a junior player. His decision to join
our growing team confirms the tremendous potential we all see here at Temas.” said
Michael Dehn, CEO of Temas Resources. “We look forward to working with Mr. Kuhn
as we graduate to the next stage of corporate development and continue to advance
what we believe is an important mission for the future o f our industry, the
environment, and our economy as a whole.”
Mr. Kuhn has played significant roles in many other transactions, most recently
leading the sale of Mach 1 Global to Omni Logistics LLC and acting as advisor to
Absolute Resolutions Corporation in their $200 million credit facility refinancing with
a reputable international bank lender. His resume also includes acquisitions by Oxbow
Carbon LLC of International Commodities Export Corporation for $170 million,
Petroleum Coke Industries Company for $125 million, and the sale of Odyssey
Logistics and Technology Corporation to The Jordan Company L.P. at an enterprise
value of $700 million. A graduate of Cornell University, he brings 15 years of
investment banking experience and has successfully executed advisory and financing
assignments for clients across a broad range of industry verticals.
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 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 Company’s first project, the DAB Property,
consists of an option for 100% interest on 128 contiguous mineral claims which
covers 6,813 hectares (68.14 km²) within the Grenville Geological Province. At the
Company’s flagship La Blache Property, Temas has 100% ownership of 48 semi -
contiguous mineral claims which cover 2,653 hectares (26.53 km²) within the
Grenville Geological Province. All public filings for the Company can be found on the
SEDAR website www.sedar.com. For more information about the Company, please
visit www.temasresources.com.
On behalf of the Board of Directors of Temas Resources Corp.,
“Kyler Hardy”
Director
Contact: Nick Spencer, Investor Relations
Phone: +1 (604) 332-0902
Email: [email protected]
Forward Looking Statements
This news release includes certain “Forward ‐Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and “forward‐looking
information” under applicable Canadian securities laws. When used in this news release, the
words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”,
“would”, “could”, “schedule” and similar words or expressions, identify forward ‐looking
statements or information.
Forward‐looking statements and forward ‐looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile of Temas Resources, future
growth potential for Temas Resources and its business, and future exploration plans are based
on management’s reasonable assumptions, estimates, expectations, analys es and opinions,
which are based on management’s experience and perception of trends, current conditions
and expected developments, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incor rect. Assumptions have
been made regarding, among other things, the price of iron, titanium, vanadium and other
metals; no escalation in the severity of the COVID -19 pandemic; costs of exploration and
development; the estimated costs of development of exploration projects; Temas Resources’
ability to operate in a safe and effective manner and its ability to obtain financing on
reasonable terms.
These statements reflect Temas Resources’ respective current views with respect to future
events and are necessarily based upon a number of other assumptions and estimates that,
while considered reasonable by management, are inherently subject to significant business,
economic, competitive, political and social uncertainties and contingencies. Many factors, both
known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be
expressed or implied by such forward‐looking statements or forward-looking information and
Temas Resources has made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: the Company’s dependence on one mineral
project; precious metals price volatility; risks associ ated with the conduct of the Company’s
mining activities in Quebec; regulatory, consent or permitting delays; risks relating to reliance
on the Company’s management team and outside contractors; risks regarding mineral
resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a
commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to
generate sufficient cash flow from operations; risks relating to project financing and equity
issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of
reserves and resources, metallurgical recoveries and capital and operating costs of such
projects; contests over title to properties, particularly title to undeveloped properti es; laws
and regulations governing the environment, health and safety; the ability of the communities
in which the Company operates to manage and cope with the implications of COVID -19; the
economic and financial implications of COVID -19 to the Company; op erating or technical
difficulties in connection with mining or development activities; employee relations, labour
unrest or unavailability; the Company’s interactions with surrounding communities and
artisanal miners; the Company’s ability to successfully integrate acquired assets; the
speculative nature of exploration and development, including the risks of diminishing
quantities or grades of reserves; stock market volatility; conflicts of interest among certain
directors and officers; lack of liquidity fo r shareholders of the Company; litigation risk; and
the factors identified under the caption “Risk Factors” in Temas Resources’ management
discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐
looking statements or forward-looking information. Although Temas Resources has attempted
to identify important factors that could cause actual results to differ materially, there may be
other factors that cause results not to be anticipated, estimated or intended. Temas Resources
does not intend, and does not assume any obligation, to update these forward ‐looking
statements or forward -looking information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements or information, ot her than as
required by applicable law.