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Talisker Reducing Bralorne Mine to Critical Staff due to Atmospheric River Event in Southern British Columbia
Globenewswire· 2025-12-17 22:23
Core Viewpoint - Talisker Resources Ltd. has implemented precautionary measures at its Bralorne Gold Project due to an extreme weather event, specifically an "atmospheric river," affecting southern British Columbia [1][2]. Group 1: Company Response to Weather Event - The company has reduced on-site personnel to only those essential for maintaining critical operations in response to extensive flooding and damage in British Columbia, including a state of emergency in the Fraser Valley [2]. - Significant landslides on Highway 40, the main access route to Bralorne, have made alternative routes impassable, prompting the company to follow its emergency response plan [2]. - The company will continue to monitor road conditions and provide updates as new information becomes available [2]. Group 2: Management Statements - Richard Murrell, General Manager at Bralorne, emphasized that safety is the primary focus and that pre-emptive steps are being taken to protect personnel and minimize risks from the extreme weather [3]. - The company expects to restart operations after assessing access conditions and the abatement of the current weather crisis [3]. Group 3: Company Overview - Talisker Resources Ltd. is a junior resource company focused on the exploration and development of gold projects in British Columbia, with its flagship asset being the Bralorne Gold Project [4]. - The company is also involved in other projects, including the Ladner Gold Project and the Spences Bridge Project, which have significant exploration potential [4].
Talisker Provides Clarification on Ore Purchase Agreement with Ocean Partners
Globenewswire· 2025-11-10 19:45
Core Viewpoint - Talisker Resources Ltd. is accelerating its ore purchase agreement with Ocean Partners, allowing the company to begin shipping gold-bearing material in January 2026, and aims to increase milling capacity to 1,500 tons per day (tpd) [1] Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, Canada, with its flagship asset being the Bralorne Gold Project [2] - The Bralorne Gold Project is fully permitted and currently producing at the Mustang Mine, while Talisker also holds other projects including the Ladner Gold Project and the Spences Bridge Project [2] Production and Capacity Plans - The company plans to amend the production permit for the Bralorne Gold Project to increase the annualized production rate from 175 tpd to 500 tpd, with potential for further increases through the implementation of an ore-sorter [1] - Talisker has initiated the permit amendment process and expects to receive approval from the British Columbia Ministry of Mining and Critical Minerals by Q3 2026 [1]
Talisker to Accelerate Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd
Globenewswire· 2025-11-10 12:00
Core Viewpoint - Talisker Resources Ltd. has signed binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd, which will enable the company to ship gold-bearing material starting January 2026 and increase its milling capacity to 1,500 tonnes per day [1][2] Group 1: Agreements and Production Plans - The Ore Purchase Agreement with Ocean Partners includes a US$25 million revolving credit facility [1] - Talisker plans to accelerate its transition to Ocean Partners to align with its production increase for 2026 [2] - A 60-day notice of termination has been issued for the milling agreement with Nicola Mining Inc. [2] Group 2: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, Canada [3] - The company's flagship asset is the Bralorne Gold Project, which is fully permitted and currently producing at the Mustang Mine [3] - Other projects include the Ladner Gold Project and the Spences Bridge Project, which have significant exploration potential [3]
Talisker Announces Closing of Final Tranche of Bought Deal Private Placement for Aggregate Gross Proceeds of C$23.0 Million
Globenewswire· 2025-11-06 14:45
Core Viewpoint - Talisker Resources Ltd. has successfully closed the final tranche of its bought deal private placement, raising a total of C$23 million for the advancement of its Bralorne Gold Project and general corporate purposes [1][2]. Group 1: Offering Details - The final tranche involved the sale of 3,150,000 common shares at a price of C$1.50 per share, generating gross proceeds of C$4,725,000 [1]. - In total, the offering comprised 15,333,334 shares sold, including the full exercise of the over-allotment option, resulting in gross proceeds of C$23,000,001 [1]. - Red Cloud Securities Inc. acted as the lead underwriter for the offering, supported by Canaccord Genuity Corp. and FMI Securities Inc. [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the continued development of the Bralorne Gold Project, as well as for general corporate purposes and working capital [2]. Group 3: Regulatory and Compliance Information - The shares were offered through private placements in Canada (excluding Québec) and in the United States under applicable exemptions from registration requirements [3]. - Shares issued to Canadian purchasers in the first tranche are subject to a four-month hold period ending on February 25, 2026 [3]. - The underwriters received cash fees of C$283,500 and 189,000 non-transferable common share purchase warrants, allowing the purchase of shares at C$1.68 until November 6, 2027 [4]. Group 4: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, with its flagship asset being the Bralorne Gold Project [6]. - The company also holds the Ladner Gold Project and the Spences Bridge Project, which have significant exploration potential [6].
Talisker Signs Binding Terms for an Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd
Globenewswire· 2025-10-30 11:00
Core Viewpoint - Talisker Resources Ltd. has signed binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd, allowing for ore processing of up to 1,500 tonnes per day and a US$25 million revolving credit facility to support the Bralorne Gold Project [1][2]. Group 1: Agreements and Financial Support - The Ore Purchase Agreement with Ocean Partners will enable Talisker to increase milling capacity to 1,500 tpd, facilitating a ramp-up in production and revenue growth [2]. - The US$25 million revolving credit facility will be utilized for development and working capital related to the Bralorne Gold Project [1]. - The Agreements are set for a seven-year term and are renewable by mutual consent [1]. Group 2: Operational Plans - Talisker will continue processing material at Nicola Mining Inc.'s Merrit facility until the current agreement expires in May 2026 [3]. - The company anticipates entering into the Agreements before the end of January 2026, subject to customary conditions [3]. Group 3: Leadership and Communication - Terry Harbort, President and CEO of Talisker, will discuss the Ocean Partners agreements in a webinar on November 4, 2025 [4]. - The webinar will be available for live viewing and later replay on the Adelaide Capital YouTube Channel [5].
Talisker Closes First Tranche of Bought Deal Private Placement for Gross Proceeds of C$18.3 Million
Globenewswire· 2025-10-24 20:30
Core Viewpoint - Talisker Resources Ltd. has successfully closed the first tranche of its bought deal private placement, raising gross proceeds of C$18,275,001 through the sale of 12,183,334 common shares at a price of C$1.50 per share [1]. Group 1: Offering Details - The first tranche of the offering was led by Red Cloud Securities Inc. and included underwriters such as Canaccord Genuity Corp. and FMI Securities Inc. [1] - The final tranche of the offering is anticipated to close on or before November 6, 2025 [1]. - The net proceeds from the offering will be utilized for advancing the Bralorne Gold Project, general corporate purposes, and working capital [2]. Group 2: Regulatory and Compliance Information - The offered shares were sold via private placement in all provinces of Canada (except Québec) and to U.S. persons under applicable exemptions from registration requirements [3]. - Shares issued to Canadian purchasers are subject to a four-month hold period ending on February 25, 2026 [3]. - The closing of the first tranche is subject to final approval from the Toronto Stock Exchange [5]. Group 3: Underwriter Compensation - The underwriters received total cash fees of C$1,066,494.06 and 710,966 non-transferable common share purchase warrants, allowing the purchase of shares at C$1.68 until October 24, 2027 [4]. Group 4: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, with its flagship asset being the Bralorne Gold Project [7]. - The company is transitioning into underground production at the Mustang Mine and has additional projects including the Ladner Gold Project and the Spences Bridge Project [7][8].
Talisker Announces Bought Deal Private Placement for Gross Proceeds of $20.0 Million
Globenewswire· 2025-10-09 20:17
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase for res ...
Talisker Reports Second Month of Gold Production from Mustang Mine
Globenewswire· 2025-10-09 11:00
TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) is pleased to report on continued gold production and operational progress at the Company’s Bralorne Gold Project (“Bralorne”) located in British Columbia. In September, Talisker produced 862 ounces of gold from the Mustang Mine following on from the 707 ounces of gold sold in August for a total of 1,569 for the quarter ended September 30th. Production was sourced mostly from in-vein dev ...
Talisker Provides Notice to Convertible Debenture Holders Reducing Debt by $5.1 Million
Globenewswire· 2025-10-03 12:00
TORONTO, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) is pleased to announce that it has exercised its right to convert all of the outstanding principal amounts of its Convertible Debentures (as defined below) into common shares of Talisker (“Shares”). Talisker issued a $4 million convertible debenture on October 9, 2024 to Phoenix Gold Fund (the “Phoenix Debenture”) and a $1.1 million convertible debenture on November 7, 2024 to Spartan MM ...
Talisker Receives Preliminary Results from the Second Phase of Ore Sorting Studies for the Bralorne Gold Project
Globenewswire· 2025-09-03 11:00
TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce preliminary results from the second stage of laser-based ore-sorting of material from the Company’s Bralorne Gold Project located in British Columbia (“Bralorne”). The first phase of ore sorting at Bralorne (see press release of February 26, 2025) resulted in an increase of the average feed grade from 14.4 grams per tonne gold to a final sorted product grade of 27 ...