Mr. Richard Williams reports

TERRENO SECURES BOLIVIAN TANTALUM EXPLORATION LICENCE

The government of Bolivia has approved the application made on behalf of Terreno Resources Corp. for a prospecting and exploration licence. This five-year permit enables the company to commence exploration activities on 138 claims, spanning a total of 3,450 hectares in northeastern Bolivia.

Strategic timing and sector growth

"The timing couldn't be better," stated Richard Williams, president of Terreno. "This approval marks a major milestone in our strategy to become a significant producer of this critical metal. The mining sector is experiencing renewed interest, particularly for critical minerals, as Western economies look to reduce reliance on Chinese supply chains. Recent announcements from two international funds, unveiling plans to invest $2.8-billion (U.S.) in the critical metals sector, highlight growing investor enthusiasm."

Global tantalum demand and supply challenges

Interest in tantalum has intensified following the U.S. Department of Defence's recent commitment to purchase $100-million (U.S.) worth of tantalum, representing approximately 20 per cent of annual global production. This surge in demand coincides with continuing supply disruptions in the Democratic Republic of the Congo and Rwanda, the primary sources of tantalum worldwide.

Diverse applications and unique properties

Tantalum continues to see robust demand across three main markets: electronics (capacitors for cellphones, computers and automobiles), medical devices (such as hip replacements and dental implants) and defence (including turbine blades, jet engines and space vehicles). The metal's exceptional strength, durability, high melting point and biocompatibility are driving new demand and innovative applications.

Favourable political climate in Bolivia

The permit approval aligns with the inauguration of President Rodrigo Paz, signalling Bolivia's renewed commitment to capitalism and openness to foreign investment. Reports indicate an impending visit from a large delegation of Western companies, along with the reopening of U.S. and British embassies.

"This is a very exciting and opportune time to be in the tantalum sector," Mr. Williams concluded.

We seek Safe Harbor.