Financial Performance - The company reported a net loss of $1.2 million for the quarter ended June 30, 2025, compared to a net loss of $0.7 million for the same period in 2024 [1][2] - For the six-month period ended June 30, 2025, the net loss was $2.0 million, an increase from a net loss of $1.0 million for the same period in the prior year [2] Exploration and Development Costs - Capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project for the quarter ended June 30, 2025, amounted to $5.0 million, down from $6.1 million for the same period in 2024 [3] - The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project as of June 30, 2025, is $230.5 million [3] Company Overview - Talon Metals Corp. is a TSX-listed base metals company in a joint venture with Rio Tinto on the Tamarack Nickel-Copper-Cobalt Project located in central Minnesota [5] - The company has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51% [5] - Talon has secured significant funding, including a $114.8 million grant from the US Department of Energy and a $20.6 million grant from the US Department of Defense [5]
Talon Metals Reports Results for the Quarter Ended June 30, 2025
Newsfileยท2025-08-15 00:20