Talon Metals Studies Quarter Ended June 30, 2021 Outcomes

Talon Metals Corp. reported a web loss for the quarter ended June 30, 2021 of $ 2.2 million or nil per share, primarily resulting from administration charges and inventory choice compensation. This compares to a web loss for the quarter ended June 30, 2020 of $ 0.3 million or nil per share which resulted primarily from administration charges. The corporate’s web loss for the half-year ended…

Talon Metals Corp. (TSX: TLO) (“Talon” or the “Firm”) reported a web loss for the quarter ended June 30, 2021 of $ 2.2 million or nil per share (primary and diluted), which was primarily the ensuing administrative prices and compensation for inventory choices. This compares to a web loss for the quarter ended June 30, 2020 of $ 0.3 million or nil per share (primary and diluted), which ends up primarily from administration prices.

The Firm’s web loss for the six-month interval ended June 30, 2021 was $ 3.0 million or nil per share (primary and diluted). This compares to a web lack of $ 0.9 million or nil per share (primary and diluted) for a similar interval final 12 months.

Exploration prices capitalized and deferred bills on the Tamarack Nickel-Copper-Cobalt venture for the quarter ended June 30, 2021 had been $ 7.7 million. This compares to $ 1.3 million for the quarter ended June 30, 2020. Complete capitalized exploration prices for the Tamarack Nickel-Copper-Cobalt venture as of June 30, 2021 are $ 73.2 million.

The condensed interim consolidated monetary statements for the three and 6 months ended June 30, 2021 and 2020, in addition to the MD&A have been filed on SEDAR and can be found at www.sedar.com.

All quantities are offered in Canadian {dollars}.

ABOUT TALON

Talon is a Toronto Inventory Change listed base metals firm in three way partnership with Rio Tinto on the excessive finish Tamarack Nickel-Copper-Cobalt Challenge positioned in Minnesota, USA, consisting of the Tamarack North Challenge and the Tamarack South Challenge. Talon has a acquire to amass as much as 60% of the Tamarack venture. The Tamarack venture consists of a big land place (18 km lateral size) with quite a few high-grade interceptions exterior the present useful resource zone. Talon Focuses on Increasing its Current Excessive Grade Nickel Mineralization Useful resource Ready in Accordance with NI 43-101; identification of extra excessive grade nickel mineralization; and develop a course of to probably responsibly produce nickel sulfates for batteries for the electrical car trade. Talon has a well-qualified mining exploration and administration workforce with intensive venture administration expertise.

For extra data on Talon, please go to the corporate’s web site at www.talonmetals.com or contact:

Sean werger
President
Talon Metals Corp.
Cellphone. : (416) 361-9636 ext 102
Electronic mail: [email protected]

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/93154

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