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Talon Metals Corp
Symbol C : TLO
Shares Issued 429,106,508
Close 2019-08-14 C$ 0.19
Recent Sedar Documents

Talon Metals spends $1.5M on Tamarack exploration in Q2

2019-08-14 20:47 ET - News Release

Mr. Sean Werger reports

TALON METALS REPORTS SECOND QUARTER 2019 RESULTS

Talon Metals Corp. had a net loss for the three months ended June 30, 2019, of $800,000 or nil per share (basic and diluted). This compares with a net loss for the three months ended June 30, 2018, of $2.4-million or two cents per share (basic and diluted). The loss during the three months ended June 30, 2019, was primarily the result of administration expenses and stock option compensation expense. The loss during the three months ended June 30, 2018, was primarily the result of administration expenses and the fair value revaluation of the Resource Capital Fund VI LP unsecured convertible loan.

The company's net loss for the six-month period ended June 30, 2019, was $3.7-million or one cent per share (basic and diluted). This compares with a net loss of $4.4-million or three cents 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 (Ni-Cu-Co) project for the three months ended June 30, 2019, amounted to $1.5-million. This compares with $200,000 for the three months ended June 30, 2018. The total capitalized exploration cost on the Tamarack nickel-copper-cobalt project to June 30, 2019, amounted to $48.7-million.

The condensed consolidated interim financial statements for the three and six months ended June 30, 2019, and June 30, 2018, together with management's discussion and analysis (MD&A), have been filed on SEDAR.

About Talon Metals Corp.

Talon is a Toronto Stock Exchange-listed company focused on producing nickel responsibly for the electric vehicles industry. The high-grade Tamarack Ni-Cu-Co project is located in Minnesota (comprising the Tamarack North project and the Tamarack South project). The company has a well-qualified exploration and mine management team with extensive experience in project management.

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