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Earnings

Talon Metals Reports Results for the Year Ended December 31, 2025

By The Northwire Desk — AI Analysis Mar 27, 2026 · 19:38 TLO · 6.45 Talon Metals Corp.
TLO · Price

Executive Summary

  • Talon Metals reported a net loss of C$5.1 million ($0.05 per share) for FY 2025, widening from a C$2.3 million loss in FY 2024.
  • The company completed a 1‑for‑10 reverse stock split effective January 23 2026, adjusting all per‑share figures accordingly.
  • Capitalized exploration and development costs on the Tamarack Nickel‑Copper‑Cobalt Project increased to C$25.6 million in FY 2025 (total project capitalized cost now C$246.3 million).

Key Details

  • Net loss FY 2025: C$5.1 M or $0.05 per share (basic & diluted), versus a net loss of C$2.3 M ($0.02 per share) in FY 2024.
  • Primary drivers of loss: Administration expenses and a loss on an advance settled with shares.
  • Share consolidation: 1 post‑consolidation Talon common share for every 10 pre‑consolidation shares, effective 23 Jan 2026; all per‑share amounts restated.
  • Capitalized exploration & development (Tamarack Project): C$25.6 M in FY 2025 (up from C$13.9 M in FY 2024).
  • Components of capitalized costs FY 2025: Exploration and development expenditures of C$29.3 M offset by government grants received of C$3.7 M.
  • FY 2024 comparison: Capitalized costs of C$13.9 M, comprised of C$29.1 M exploration/development offset by a royalty sale net proceeds of C$10.5 M and government grants of C$4.6 M.
  • Total capitalized cost to Tamarack Project (as of 31 Dec 2025): C$246.3 M.
  • Financial statements: Consolidated Financial Statements for FY 2025 and FY 2024 filed on SEDAR+.

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

More from Talon Metals Corp.

Oct 06, 2026 · 07:01

Talon reports a 0.67m massive-sulphide sliver at the new Roland conduit, an immaterial find for the C$1.5B producer.

Drill Results Sep 15, 2026 · 17:31

Tamarack’s Humboldt mill pivot delays the feasibility study to the second half of 2026 following the completion of the scoping study.

Regulatory Sep 10, 2026 · 18:01

Tamarack shifts to the existing Humboldt Mill, reducing capital expenditure risk while leaving the Department of Energy grant status uncertain.

Other Sep 09, 2026 · 17:06

Talon’s 46m of 13% nickel and 17% copper confirms a step-out at the Vault deposit.

Drill Results Aug 13, 2026 · 17:45

Talon reported first quarter profit despite weak cash conversion and recurring Eagle operations tempering the results.

Earnings Aug 06, 2026 · 07:02

Talon reports a record 46m massive sulphide step-out at the Vault zone, though assay results are still pending to confirm the intercept.

Drill Results