Northwire Canada EditionSunday, July 26, 2026
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Production / Operations

Talisker signs definitive agreement with Ocean Partners

TSK · Price

Executive Summary

  • Talisker Resources Ltd. has signed the definitive ore purchase agreement with Ocean Partners U.K. Ltd., finalizing the transition to a new milling partner.
  • The company expects to begin transporting material to Ocean Partners' facility by the end of the current week, ensuring a smooth transition in sync with scheduled production at the Mustang mine.
  • Approximately 2,000 tonnes of material remain to be processed at the previous facility (Nicola), with final sales of gravity and sulphide concentrate expected from this arrangement.

Key Details

  • Agreement Finalization: Definitive ore purchase agreement signed with Ocean Partners U.K. Ltd., following prior announcements on Oct. 30, 2025, and Nov. 10, 2025.
  • Logistics Timeline: Material transport to the new milling partner is scheduled to begin by the end of the week.
  • Remaining Inventory: Approximately 2,000 tonnes of material remains to be processed at Nicola.
  • Future Sales: Final sales of gravity and sulphide concentrate will be generated from the current arrangement.
  • Credit Facility: A separate $25-million (U.S.) revolving credit facility is being finalized; a further announcement will occur upon its completion.
  • Operational Status: The transition to the new milling partner was completed rapidly and efficiently, maintaining synchronization with scheduled production at the Mustang mine.

Notable Quotes

  • "We are pleased to have successfully completed the changeover to our new milling partner and expect to begin transporting material destined for their facility by the end of this week. I congratulate our operations team on the rapid and efficient finalization of crushing and transportation logistics, ensuring the transition was smooth and in sync with scheduled production at Mustang mine. Approximately 2,000 tonnes of material remains to be processed at Nicola with final sales of gravity and sulphide concentrate from this arrangement. We look forward to a strong and long-term partnership with Ocean Partners going forward." — Terry Harbort, President and CEO
Read the original news release →

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