Talon Metals Reviews Quarter Ended June 30, 2021 Outcomes | 2021-08-13 | Press Releases

Highway City, Tortola, British Virgin Islands – (Newsfile Corp. – August 13, 2021) – Talon Metals Corp. (TSX: TLO) (“Heel“or the”Firm“) reported a internet loss for the quarter ended June 30, 2021 of $ 2.2 million or nil per share (fundamental and diluted), which resulted primarily from administration prices and possibility compensation This compares to a internet loss for the quarter ended June 30, 2020 of $ 0.3 million or nil per share (fundamental and diluted), which was primarily the results of administration prices.

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

Exploration prices capitalized and deferred bills on the Tamarack Nickel-Copper-Cobalt undertaking for the quarter ended June 30, 2021 have 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 undertaking 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 Undertaking positioned in Minnesota, USA, consisting of the Tamarack North Undertaking and the Tamarack South Undertaking. Talon has a achieve to accumulate as much as 60% of the Tamarack undertaking. The Tamarack undertaking contains a big land place (18 km lateral size) with quite a few excessive grade intersections 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 further excessive grade nickel mineralization; and develop a course of to doubtlessly responsibly produce nickel sulfates for batteries for the electrical car business. Talon has a well-qualified mining exploration and administration workforce with intensive undertaking 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.

Telephone. : (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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