Talon Metals Corp. reported a net loss for the three months ended September 30, 2021 of $1.5 million or $nil per share which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended September 30, 2020 of $0.5 million or $nil per share which was primarily the result of administration expenses.The Company's net loss for the nine month ...

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended September 30, 2021 of $1.5 million or $nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended September 30, 2020 of $0.5 million or $nil per share (basic and diluted), which was primarily the result of administration expenses.

The Company's net loss for the nine month period ended September 30, 2021 was $4.5 million or $0.01 per share (basic and diluted). This compares to a net loss of $1.3 million or $nil per share (basic and diluted) for the same period in the prior year.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended September 30, 2021 amounted to $14.2 million. This compares to $2.3 million for the three months ended September 30, 2020. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to September 30, 2021 amounts to $89.4 million.

Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2021 and 2020, together with Management's Discussion and Analysis have been filed on SEDAR and are available at www.sedar.com.

All amounts are presented in Canadian dollars.

ABOUT TALON

Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a responsible processing capability in the United States. Talon has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email: werger@talonmetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103634

News Provided by Newsfile via QuoteMedia

Significant Cu, Ni & Co intersected from first drill hole at Jewel

Significant Cu, Ni & Co intersected from first drill hole at Jewel

Blackstone Minerals Limited (“Blackstone” or the “Company”) is pleased to inform shareholders that drilling activities have recommenced at the Company’s wholly owned exploration assets in British Columbia (the Gold Bridge Project, formerly the BC-Cobalt Project).

The first drill-hole targeting a large IP anomaly at the Jewel Prospect has intersected sulfide mineralisation:

Keep reading... Show less
Nickel Creek Platinum Announces Full Drill Results From 2021 Exploration Program

Nickel Creek Platinum Announces Full Drill Results From 2021 Exploration Program

COMPANY CONFIRMS HIGH PLATINUM AND PALLADIUM VALUES, AND MASSIVE SULPHIDE NICKEL-COPPER MINERALIZATION

Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) ("Nickel Creek" or the "Company") is pleased to announce the overall results from its 2021 drilling and geophysics program which concluded during the month of August 2021 in Yukon, Canada .

Keep reading... Show less

Horizonte Minerals PLC Announces Posting of Circular and Notice of General Meeting

THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE TERMS AND CONDITIONS SET OUT HEREIN (TOGETHER, THIS "ANNOUNCEMENT") IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM ANY PART OF AN OFFER TO SELL OR ISSUE, OR A SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL OR TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION. NO PUBLIC OFFERING OF THE FUNDRAISE SHARES IS BEING MADE IN ANY SUCH JURISDICTION OTHER THAN IN CANADA ON THE TERMS AND CONDITIONS SET OUT IN A PROSPECTUS SUPPLEMENT TO, AND INCLUDING, THE FINAL SHORT FORM BASE SHELF PROSPECTUS OF THE COMPANY DATED 29 OCTOBER 2021, FILED IN ALL PROVINCES AND TERRITORIES OF CANADA, EXCEPT QUÉBEC. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.

THIS ANNOUNCEMENT IS NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Keep reading... Show less
Tartisan Nickel Corp. Drills Deepest Hole To Date at The Kenbridge Nickel Project and Intersects 3.18% Ni, 0.19% Cu Over 1.05 Metres. Updates Progress at The Kenbridge Nickel-Copper-Cobalt Project, NW Ontario

Tartisan Nickel Corp. Drills Deepest Hole To Date at The Kenbridge Nickel Project and Intersects 3.18% Ni, 0.19% Cu Over 1.05 Metres. Updates Progress at The Kenbridge Nickel-Copper-Cobalt Project, NW Ontario

Tartisan Nickel Corp. (CSE:TN; OTCQX:TTSRF; FSE:A2D) ("Tartisan", or the "Company") is pleased to provide diamond drill core assay results and an update for its diamond drilling program at the 100% owned Kenbridge Nickel Project located in the Kenora Mining District, Ontario

Hole KB21-204 intersected two nickel-copper zones at a drill depth of 993.55 metres and 1,002 metres. The two zones are interpreted to represent the downdip extension of two horizons (Zone A and Zone B) intersected in holes KB21-198, KB21-200 and KB21-202. In KB21-204 Zone A returned 1.05 metres of 3.18% Ni and 0.19% Cu including a higher-grade section of 0.35 metres of 7.73% Ni and 0.16% Cu. In the same hole Zone B returned 7.8 metres of 0.85% Ni and 0.54% Cu including 4.0 metres of 1.15% Ni and 0.71% Cu. Hole 204 is located approximately 150m below the deepest drill hole intersection completed in the 1950's (Drill hole K2011- 4.25% Ni over 3m) and is the deepest drill intersection on the project (see Figures 2 and 3). Holes KB21-205 and KB21-206 have also been completed and have been submitted to the laboratory for assays.

Keep reading... Show less
stock chart

5 Top Weekly TSXV Performers: Noble Mineral Enters LOI with Canada Nickel

The S&P/TSX Venture Composite Index (INDEXTSI:JX) ended last week on the decline, shedding 27 points shortly after the morning bell on Friday (November 26). It closed at 942.62.

Global markets were plunged into uncertainty as news that a recently discovered COVID-19 variant known as omicron may be more contagious and potentially vaccine resistant.

Several European and Asian nations scrambled during the last full week of November to implement border and flight restrictions in an effort to curb the spread of the variant, which was first detected in South Africa.

Keep reading... Show less

Noront Resources Amends Shareholder Rights Plan

Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") announces that it has amended the shareholder rights plan (the "Rights Plan") previously adopted on May 26, 2021.

The Rights Plan as amended (the "Amended Rights Plan") is designed to ensure that all Noront shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids" for the outstanding common shares of Noront (the "Common Shares") through purchases exempt from applicable take-over bid rules.

Keep reading... Show less

Top News

Related News