Talon Metals Corp. announced today that its wholly owned indirect subsidiary, Talon Nickel LLC , has made the initial upfront payment of US$6 million to Kennecott Exploration Company , a subsidiary of the Rio Tinto Group, in respect of the option agreement previously entered into with Kennecott on November 7, 2018 . Talon has also issued 25,031,250 common shares to Kennecott , which was a further requirement under the [...]
Talon Metals Corp. is pleased to announce that it has raised a total of C$9.825 million. The Company expects to close an additional tranche in the amount of C$350,000 which in aggregate will result in the Company raising a total of C$10.175 million. These funds will be used to, among other things, make the initial payment under its existing joint venture agreement in respect of the Tamarack Project . The Company has also [...]
Talon Metals Corp. announced today that its wholly owned indirect subsidiary, Talon Nickel LLC , has entered into an extension agreement in respect of the option agreement previously entered into with Kennecott Exploration Company on November 7, 2018. Pursuant to the Extension Agreement, the Company has until March 15, 2019 to make an initial upfront payment of US$6 million to Kennecott in order to make the Option [...]
Talon Metals Corp. announced today that its wholly owned indirect subsidiary, Talon Nickel LLC , has entered into an extension agreement in respect of the option agreement previously entered into with Kennecott Exploration Company on November 7, 2018. Pursuant to the Extension Agreement, the Company has until February 28, 2019 to make an initial upfront payment of US$6 million to Kennecott in order to make the Option [...]
The drilling at the Tamarack South Project has shown that the magmatic layering of the FGO intrusive is consistent with the magmatic layering at the Tamarack North Project. Massive sulphide intersections proximal to the FGO footwall contact, similar to the Tamarack North Project, have been encountered in three of seven drill holes spaced 300 m and 200 m apart within the Neck Zone . Five of seven holes within the Neck Zone [...]
Talon Metals Corp. is pleased to announce that it has completed an initial Preliminary Economic Assessment over a subset of the mineral resource estimate within the Tamarack Zone . The Company is also pleased to announce its plan to follow-up on nearby high-grade Ni-Cu-Co intercepts to determine the extent of mineralization that appears open in all directions. Talon currently has the right to acquire up to a 60% interest [...]
Road Town, British Virgin Islands-- - Talon Metals Corp. reported a net loss for the three months ended September 30, 2018 of $1.7 million or $0.01 per share . This compares to a net loss for the three months ended September 30, 2017 of $0.7 million or $0.01 per share . The losses during both periods are primarily the result of the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan and [...]
Talon Metals Corp. announced today that its wholly owned indirect subsidiary, Talon Nickel LLC , has entered into an option agreement with Kennecott Exploration Company , a subsidiary of the Rio Tinto Group, pursuant to which Talon will have the right to acquire up to a 60% interest in the Tamarack Project on the satisfaction of certain terms and conditions. In addition, the Company has announced that it has entered into [...]
Talon Metals Corp. reported a net loss for the three months ended June 30, 2018, of $2.4 million or $0.02 per share . This compares to a net loss for the three months ended June 30, 2017, of $1.7 million or $0.01 per share . The losses during both periods are primarily the result of the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan and administration expenses. The Company's net [...]
Talon Metals is pleased to announce the results of its annual and special meeting of shareholders held today in St. Michael, Barbados. All of the nominee directors listed in Talon's management information circular dated June 25, 2018 were elected as directors. The results of the shares voted in respect of the election of each director were as follows: Name of Nominee Votes For Votes Withheld Luis Mauricio F. de Azevedo [...]
Talon Metals announced today that it has entered into an agreement with Resource Capital Fund VI L.P to extend the maturity date of the current $16 million convertible loan facility with the Company to April 2, 2019. All other terms and conditions of the Convertible Loan will remain in full force and effect. In addition to agreeing to extend the maturity date of the Convertible Loan, RCF has also agreed to extend the [...]
Talon Metals Corp. is pleased to provide an update on the Tamarack Nickel-Copper-PGE project , located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project. Final Drill Results from the 2018 Tamarack Winter Exploration Program This press release concludes the reporting of results from the 2018 Tamarack Winter Exploration Program. During the 2018 Tamarack Winter [...]
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