Talon Metals Reviews Quarter Ended March 31, 2021 Outcomes


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Street City, Tortola, British Virgin Islands – (Newsfile Corp. – Might 14, 2021) – Talon Metals Corp. (TSX: TLO) (“Heel“or the”Firm“) reported a web loss for the quarter ended March 31, 2021 of $ 0.8 million or nil per share (fundamental and diluted), primarily attributable to administration prices and compensation for name choices. ‘shares, offset by a acquire on the truthful worth revaluation of a put choice on a royalty.

This compares to a web loss for the three months ended March 31, 2020 of $ 0.5 million or nil per share (fundamental and diluted), primarily attributable to administration prices.

The capitalized exploration prices and deferred bills for the Tamarack Nickel-Copper-Cobalt mission for the three months ended March 31, 2021 have been $ 6.4 million. This compares to $ 3.9 million for the three months ended March 31, 2020. The whole capitalized exploration value of the Tamarack Nickel-Copper-Cobalt mission as of March 31, 2021 is $ 66.4 million.

The condensed interim consolidated monetary statements for the three months ended March 31, 2021 and 2020, in addition to the administration report have been filed on SEDAR and can be found on the following tackle: www.sedar.com.

All quantities are offered in Canadian {dollars}.

ABOUT TALON

Talon is a TSX-listed base metals firm in a three way partnership with Rio Tinto on the excessive finish Tamarack Nickel-Copper-Cobalt Challenge situated in Minnesota, USA, comprising the Tamarack North Challenge and the Tamarack South Challenge. Talon has a counterparty to amass as much as 60% of the Tamarack mission. The Tamarack mission consists of a big land place (18 km longitudinal size) with quite a few excessive grade intersections outdoors the present useful resource zone. Talon Focuses on Increasing its Current Excessive Grade Nickel Mineralization Useful resource Ready in Accordance with NI 43-101; establish further excessive grade nickel mineralization; and the event of a course of to probably responsibly produce nickel sulfates for batteries for the electrical car business. Talon has a well-qualified mining exploration and administration group with intensive mission 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.
Tel: (416) 361-9636 x102
E-mail: [email protected]

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/84171

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