Talon Metals Reports Results for the Quarter
Talon Metals Reports Results for the Quarter
Ended March 31, 2021
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - May 14, 2021) - Talon Metals Corp. (TSX:
TLO) ("
Talon
" or the "
Company
") reported a net loss for the three months ended March 31, 2021 of
$0.8 million or $nil per share (basic and diluted), which was primarily the result of administration
expenses and stock option compensation, offset by a gain on the fair value revaluation of a put option on
a royalty.
This compares to a net loss for the three months ended March 31, 2020 of $0.5 million or $nil per share
(basic and diluted), which was primarily the result of administration expenses.
Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project
for the three months ended March 31, 2021 amounted to $6.4 million.
This compares to $3.9 million for
the three months ended March 31, 2020.
The total capitalized exploration cost to the Tamarack Nickel-
Copper-Cobalt Project to March 31, 2021 amounts to $66.4 million.
Condensed Interim Consolidated Financial Statements for the three months ended March 31, 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, 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:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/84171