Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Talon Metals Corp.    TLO   VGG866591024

TALON METALS CORP.

(TLO)
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Talon Metals Reports Results for the Quarter Ended March 31, 2019

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2019 | 10:50pm EDT

Road Town, British Virgin Islands--(Newsfile Corp. - May 15, 2019) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2019 of $2.8 million or $0.01 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan ("RCF Loan"), stock option compensation and administration expenses.

This compares to a net loss for the three months ended March 31, 2018 of $2.0 million or $0.02 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the RCF Loan and administration expenses.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2019 amounted to $12.0 million before a recovery of $4.8 million related to the sale of a net smelter returns royalty to a subsidiary of Triple Flag Mining Finance Bermuda Ltd. This compares to $0.2 million for the three months ended March 31, 2018. The total net capitalized exploration cost on the Tamarack Nickel-Copper-Cobalt Project to March 31, 2019 amounts to $47.2 million.

Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2019 and 2018, together with Management's Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on producing nickel responsibly for the electric vehicle industry. The high-grade Tamarack Ni-Cu-Co Project is located in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email: werger@talonmetals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44836


© Newsfilecorp 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TALON METALS CORP.
05/15Talon Metals Reports Results for the Quarter Ended March 31, 2019
NE
05/15Talon Metals Closes Non-Brokered Private Placement to Progress the Tamarack P..
NE
05/14U.S. Senate moves forward on plan to develop electric vehicle supply chain
RE
05/10TALON METALS : Update Consideration Given To a Phase 1, Direct Shipping Ore Opti..
AQ
05/09TALON METALS UPDATE : Consideration Given to a Phase 1, Direct Shipping Ore (DSO..
NE
05/07TALON METALS UPDATE : Strategic Importance of the Tamarack High Grade Nickel-Cop..
NE
05/02EXCLUSIVE : U.S. seeks to challenge China's electric-vehicle supply chain domina..
RE
03/28Talon Metals Reports Results for the Year Ended December 31, 2018
NE
03/15TALON METALS : Makes Initial US$6 Million Payment to Kennecott Exploration (A Su..
AQ
03/13Talon Makes Initial US$6 Million Payment to Kennecott Exploration (A Subsidia..
NE
More news
Chart TALON METALS CORP.
Duration : Period :
Talon Metals Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TALON METALS CORP.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Managers
NameTitle
Henri van Rooyen Chief Executive Officer & Director
Sean Neal Werger President
Warren Eric Newfield Executive Chairman
Luís Mauricio de Azevedo Chief Operating Officer & Director
Vincent G. Conte Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
TALON METALS CORP.113.33%0
VALE-6.94%62 079
FORTESCUE METALS GROUP LIMITED97.37%17 526
KUMBA IRON ORE LTD.58.44%9 703
NMDC LTD-2.27%4 171
FERREXPO PLC11.43%1 622