Terreno Resources Corp. is a Canadian publicly listed company, engaged in the acquisition, exploration and development of mineral properties.

Tantalite, the primary source of tantalum, is a critical mineral essential to the global technology supply chain. It is widely used in electronic capacitors for smartphones, laptops, and automotive systems, as well as in aerospace, medical, and energy applications due to its high melting point and corrosion resistance. The market for tantalite is driven by increasing demand for 5G networks, electric vehicles (EVs), and advanced energy storage solutions. While many tantalite sources face challenges related to conflict minerals, our operations in Bolivia provide a stable, well-governed, and ethically sourced supply, free from these risks.

Ethical sourcing is a major concern in the tantalum industry, as a significant portion of global supply originates from artisanal mines in Central Africa, where conflict minerals remain a challenge. Regulations such as the Dodd-Frank Act (U.S.) and the EU Conflict Minerals Regulation have increased scrutiny on supply chains, making conflict-free sources more valuable to global buyers. Our Bolivian property could ensure a transparent, sustainable, and compliant supply of tantalite, positioning us as a preferred supplier to industries that require responsibly sourced materials. This reliability is crucial as manufacturers, particularly in the U.S., Europe, and Asia, seek dependable alternatives to high-risk sources.

Beyond electronics, tantalum derivatives have critical applications in cutting tools (tantalum carbide), high-performance optics (tantalum oxide), and aerospace superalloys. The growing demand for miniaturized, high-efficiency components in advanced technology sectors continues to drive the need for high-purity tantalum. With a stable and conflict-free supply from Bolivia, we are well-positioned to meet global demand while adhering to the highest standards of sustainability, governance, and ethical sourcing.

The Bolivia Tantalum Project

Project Overview

The Metal 46 Tantalum Project in Bolivia presents a high-potential opportunity to establish a scalable tantalum mining operation within a geologically recognized pegmatite belt. The project has been optioned by Terreno Resources Corp. from Metal 46 S.R.L.. It covers 3,450 hectares with known mineralization and favorable preliminary sampling results. Bolivia’s mining-friendly policies, strategic location near Chilean seaports, and a stable regulatory framework make it an attractive jurisdiction for mineral investment.

Market Opportunity

Tantalum is a critical mineral essential for electronics, aerospace, medical devices, and defense industries. The global market is projected to grow from 246,000 tons in 2024 to 318,000 tons by 2029, fueled by increasing demand in the semiconductor and battery industries. Buyers from Germany, the U.S., and China are actively sourcing tantalum, with recent pricing ranging between US$123 to US$190 per kilogram of Ta₂O₅ content.

Project Strengths

• Established Indigenous Agreement: Secured cooperation with local communities, ensuring smooth project execution.
• Proven Small-Scale Production: Previous artisanal mining confirms tantalum presence, though the property remains largely unexplored.
• Experienced Team: Led by industry expert Dr. Peter J. Cox, P. Eng., with a proven track record in global tantalum mining. In-country operations are managed by Winston Dominguez, P. Eng., who has deep industry connections in Bolivia.
• Rapid Deployment Capability: Pre-acquired equipment allows for a small-scale operation to be launched within 45 days from the production decision date for approximately US$150K.
• Expansion Potential: Opportunities exist to acquire additional land and scale up production.

Development Plan & Funding Requirement

A 12-month phased program is proposed to transition from exploration to production.

Key milestones include:

• Exploration & Resource Delineation (US$500K)
  • Mapping, trenching, sampling, and drilling to confirm resource estimates.
• Pilot Plant Setup (US$150K)
  • small-scale production to generate early cash flow.
• Full-Scale Development ($TBD)
  • Based on resource confirmation, further investment in infrastructure and production expansion.

Financial Projections

• Target Resource: 3.6M tons
• Estimated Annual Production: 240 tons of Ta₂O₅.
• Projected Revenue: US$24M per cycle at US$100,000 per ton
• Gross Profit Margin: ~54% (after operating costs & Indigenous royalties)
• Payback Period: ~3 years based on small-scale production estimates.

Investment Opportunity

The Metal 46 Tantalum Project presents a first-mover advantage in Bolivia’s emerging tantalum sector. With a phased investment approach, early-stage funding of US$500K for exploration and US$150K for pilot production offers investors an opportunity to establish a foothold in a high-demand, supply-constrained market.

The project aligns with ESG-compliant and conflict-free sourcing standards, positioning it favorably for buyers and institutional investors focused on ethical supply chains.

Metal 46 Tantalum Project, Bolivia

Terreno Resources Corp. is a Canadian publicly listed company, engaged in the acquisition, exploration and development of mineral properties. Currently, the focus is on a new project in Bolivia. The primary metal being sought is tantalum, which is designated by both the Canadian and United States governments as a critical mineral.

• Focus on Bolivia;
• Experienced management;
• 3450 hectare property, located on a recognised pegmatite belt with artisanal tantalum production; and an
• Experienced Exploration team.