Road Town, British Virgin Islands--(Newsfile Corp. - November 8, 2018) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended September 30, 2018 of $1.7 million or $0.01 per share (basic and diluted). This compares to a net loss for the three months ended September 30, 2017 of $0.7 million or $0.01 per share (basic and diluted). 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 loss for the nine month period ended September 30, 2018 was $6.1 million or $0.05 per share (basic and diluted). This compares to a net loss of $4.3 million or $0.03 per share (basic and diluted) for the same period in the prior year.
Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-PGE Project for the three months ended September 30, 2018 amounted to $0.2 million. This compares to $0.1 million for the three months ended September 30, 2017. The total capitalized exploration cost on the Tamarack Nickel-Copper-PGE Project to September 30, 2018 amounts to $39.5 million.
Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2018 and 2017, 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 the exploration and development of the Tamarack Nickel-Copper-Cobalt Project 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) 500-9891 Email: werger@talonmetals.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
