Base Metals

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported 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.

This compares to a net loss for the three months ended September 30, 2019 of $0.5 million or $nil per share (basic and diluted), which was primarily the result of administration expenses offset by a reduction in contingencies and the fair value revaluation of a royalty put option held by 10782343 Canada Limited, a subsidiary of Triple Flag Mining Finance Bermuda Ltd.

The Company's net loss for the nine month period ended September 30, 2020 was $1.3 million or $nil per share (basic and diluted). This compares to a net loss of $4.2 million or $0.01 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, 2020 amounted to $2.3 million. This compares to $0.8 million for the three months ended September 30, 2019. The total capitalized exploration cost on the Tamarack Nickel-Copper-Cobalt Project to September 30, 2020 amounts to $60.7 million (or US$45.5 million).

Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2020 and 2019, together with Management's Discussion and Analysis have been filed on SEDAR and are available at www.sedar.com.

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, comprised of the Tamarack North Project and the Tamarack South Project. 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 process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. 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/68201

News Provided by Newsfile via QuoteMedia

Power Nickel CEO Terry Lynch

Power Nickel CEO Terry Lynch: Positioned to Support the Green Revolution

Power Nickel CEO Terry Lynch: Positioned to Support the Green Revolutionyoutu.be

Keep reading...Show less
Blackstone Minerals

Ta Khoa Project Development Update

Blackstone continues to build relationships with key technology and off-take partners through alignment of Ta Khoa Project development strategy and execution schedule.

Blackstone Minerals Limited ("Blackstone" or the "Company") is pleased to advise that the Ta Khoa Project development shall be accelerated following strategy meetings with prospective technology and off-take partners (“the Partners”). The accelerated strategy will be achieved through the following critical activities:
Keep reading...Show less
Queensland Pacific Metals

Queensland Pacific Metals June 2022 Quarterly Report

Queensland Pacific Metals Ltd (ASX:QPM) (“QPM” or “the Company”) is pleased to present a summary of activities from the June 2022 quarter.

Keep reading...Show less
Rafaella Resources Logo

Rafaella Resources Releases Advanced PFS On Santa Comba And Doubles Its Canadian Portfolio

Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to provide its Appendix 5B cash flow statement for the quarter ended 30 June 2022, along with the following operational summary.

Keep reading...Show less
Centaurus Metals

June 2022 Quarterly Activities Report

Latest drilling results to further enhance Jaguar Resource model, with next Resource update on-track for September Quarter; Definitive Feasibility Study progressing well

Centaurus Metals Limited (ASX:CTM) is pleased to present the company's June 2022 quarterly activities report.

Keep reading...Show less

Latest Press Releases

Related News

×