Talon Metals Reports Results for the Quarter Ended June 30, 2025

Talon Metals Corp. (TSX: TLO,OTC:TLOFF) ("Talon" or the "Company") reported a net loss for the three months ended June 30, 2025 of $1.2 million or nil per share (basic and diluted), which was primarily the result of administration expenses and foreign currency loss. This compares to a net loss for the three months ended June 30, 2024 of $0.7 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation.

The Company's net loss for the six months period ended June 30, 2025 was $2.0 million or nil per share (basic and diluted). This compares to a net loss of $1.0 million or nil per share (basic and diluted) for the same period in the prior year.

Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2025 amounted to $5.0 million, primarily the result of exploration and development costs and deferred expenditures of $5.1 million, offset by governments grants received of $0.1 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2024 of $6.1 million, primarily the result of exploration and development costs and deferred expenditures of $8.8 million, offset by governments grants received of $2.7 million. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to June 30, 2025 amounts to $230.5 million.

Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2025 and 2024, together with Management's Discussion and Analysis have been filed on SEDAR+ and are available at www.sedarplus.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 central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel-Copper-Cobalt Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.

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

Mike Kicis
President
Talon Metals Corp.
Tel: 1 (647) 968-0060
Email: kicis@talonmetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262616

News Provided by Newsfile via QuoteMedia

TLO:CC
The Conversation (0)

Talon Metals Submits Environmental Assessment Worksheet for Proposed Underground Nickel Mine to Produce Domestic Supply of Minerals for US Battery Supply Chain

Minnesota Department of Natural Resources will commence Environmental Review process for proposed underground mine, rail loading facility and water treatment plant in central MinnesotaTalon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) through its subsidiary Talon Nickel (USA) LLC ("Talon" or the... Keep Reading...
Talon Metals Reports Results for the Quarter Ended March 31, 2023

Talon Metals Reports Results for the Quarter Ended March 31, 2023

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2023 of $0.6 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation offset by interest income. This... Keep Reading...
Canadian Investment Regulatory Organization Trade Resumption - ANK

Canadian Investment Regulatory Organization Trade Resumption - ANK

Trading resumes in: Company: Angkor Resources Corp. TSX-Venture Symbol: ANK All Issues: Yes Resumption (ET): 11:15 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly... Keep Reading...
Angkor Resources Receives Preliminary Feedback on the First Basin of the Seismic Program with Enercam's Oil & Gas Block VIII, Cambodia

Angkor Resources Receives Preliminary Feedback on the First Basin of the Seismic Program with Enercam's Oil & Gas Block VIII, Cambodia

(TheNewswire) GRANDE PRAIRIE, ALBERTA TheNewswire - October 6, 2025 - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") has reviewed preliminary data from South Bokor Basin from the 2-D seismic... Keep Reading...
Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

Bold Ventures Discovers New Style of Mineralization on Its Wilcorp Property

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce the discovery of a new style of mineralization on its Wilcorp Property (the "Property") in the Atikokan area in Ontario, consisting of significant Au-Ag-Cu mineralization from sulphide-quartz stringers in... Keep Reading...
Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/ finlay minerals ltd. (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the " Private Placement ") consisting of the... Keep Reading...
Quetzal Announces Conditional Acceptance of Reverse Takeover And Filing Statement

Quetzal Announces Conditional Acceptance of Reverse Takeover And Filing Statement

Quetzal Copper Corp. (TSXV: Q,OTC:QTZCF) ("Quetzal") is pleased to announce that it has received conditional acceptance from the TSX Venture Exchange (the "Exchange") for its previously announced reverse takeover transaction (the "Transaction") with Silverco Mining Corp. ("Silverco") (see news... Keep Reading...
Questcorp Mining Provides Update on Private Placement

Questcorp Mining Provides Update on Private Placement

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") announces that it has revised the terms of its previously announced non-brokered private placement (the "Offering"). The Company will now offer up to 7,500,000 units (each, an "AI Unit") at a... Keep Reading...

Latest Press Releases

Related News