Talon Metals Reports Results for the Quarter Ended March 31, 2025

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2025 of $0.8 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 March 31, 2024 of $0.3 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation, offset by foreign currency gain and interest income.

Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2025 amounted to $5.8 million, primarily the result of exploration and development costs and deferred expenditures of $7.0 million, offset by governments grants received of $1.2 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project of $6.8 million for the three months ended March 31, 2024. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2025 amounts to $237.7 million.

Consolidated Financial Statements for the three months ended March 31, 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 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 is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. 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/252345

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 Minnesota

Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) through its subsidiary Talon Nickel (USA) LLC ("Talon" or the "Company"), today submitted its Environmental Assessment Worksheet ("EAW") to the Minnesota Department of Natural Resources to begin the State's Environmental Impact Statement scoping process for the Tamarack Nickel-Copper-Cobalt Project (the "Tamarack Nickel Project"), a proposed small-footprint, high-grade underground nickel mine that would be located near the City of Tamarack in Aitkin County, Minnesota.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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 compares to a net loss for the three months ended March 31, 2022 of $1.2 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2023 amounted to $11.7 million. This compares to $16.2 million for the three months ended March 31, 2022. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2023 amounts to $172.1 million.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prismo Metals Announces Closing of Oversubscribed Private Placement

Prismo Metals Announces Closing of Oversubscribed Private Placement

(TheNewswire)

Vancouver, British Columbia, August 8th, 2025 TheNewswire Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025, July 18, 2025 and July 31, 2025, the Company has proceeded with an upsized closing of its previously announced non-brokered private placement (the "Private Placement" ) of units of the Company (" Units ") at an issue price of $0.06 per Unit (the " Third Closing "). The closing was increased from 6,000,000 Units to the issuance of 6,425,000 Units for gross proceeds of $385,500.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

OTCQB Venture Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the OTCQB Venture Virtual Investor Conference, held August 7 th are now available for online viewing.

REGISTER AND VIEW PRESENTATIONS HERE

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Seismic Equipment Arrives For Enercam Resources' Oil & Gas Block VIII, Cambodia

Seismic Equipment Arrives For Enercam Resources' Oil & Gas Block VIII, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA - August 6, 2025 TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") has landed seismic equipment from seismic contractor GeneSeis Company Limited Thailand ("GeneSeis") to commence Cambodia's first onshore EnviroVibe oil and gas seismic for Block VIII ("Project").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool

Forte Minerals Engages Strategic Advisors, Expands Capital Markets Team, and Launches AI-Powered Investor Tool

Forte Minerals Corp . (" Forte " or the " Company ") ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce the expansion of its capital markets capabilities with three strategic initiatives:

  • The engagement of Mills Dunlop Capital Partners as M&A and strategic advisors;
  • The appointment of Port Guichon Strategic Advisory, as Investor Relations and Capital Markets Specialist;
  • And the launch of a new AI-powered investor platform via Versance.ai.

These additions support Forte's commitment to investor engagement, capital markets excellence, and digital transparency.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

Questcorp Mining and Riverside Resources Announce Commencement of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that drilling has commenced on its La Union Project in northwest Sonora, Mexico. This work is being carried out by property vendor and operator Riverside Resources Inc. (TSXV: RRI).

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×