Talon Metals Reports Results for the Quarter
Talon Metals Reports Results for the Quarter
Ended September 30, 2025
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - November 14, 2025) - Talon Metals
Corp. (TSX: TLO) ("
Talon
" or the "
Company
") reported net income for the three months ended
September 30, 2025 of $1,676 or nil per share (basic and diluted), which was primarily the result of
administration expenses offset by foreign currency gains and interest income. This compares to a net
loss for the three months ended September 30, 2024 of $0.6 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 nine months period ended September 30, 2025 was $2.0 million or nil
per share (basic and diluted).
This compares to a net loss of $1.6 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 September 30, 2025 amounted to $5.6 million,
primarily the result of exploration and development costs and deferred expenditures of $7.4 million offset
by governments grants received of $1.8 million. This compares to capitalized exploration and
development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the
three months ended September 30, 2024 which amounted to a credit of $3.7 million, primarily the result
of a sale of a royalty for net proceeds of $10.5 million and governments grants received of $0.7 million
offset by capitalized exploration and development costs and deferred expenditures of $7.6 million.
The
total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to September 30, 2025 amounts to
$240.8 million.
Condensed Interim Consolidated Financial Statements for the three and nine months ended September
30, 2025 and 2024, together with Management's Discussion and Analysis have been filed on SEDAR+
and are available at
www.sedarplus.ca
.
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:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/274662