M&A / Property
Talisker to begin shipping material to Ocean in January

TSK · Price
Executive Summary
- Talisker Resources Ltd. has accelerated the transition to its ore purchase agreement with Ocean Partners U.K. Ltd., confirming that shipping of gold-bearing material will begin in January 2026.
- The company is progressing the finalization of definitive agreements to increase milling capacity to up to 1,500 tonnes per day (TPD), aligning with planned production rate increases for 2026.
- Talisker has issued a 60-day notice of termination for its existing milling agreement with Nicola Mining Inc.
Key Details
- Ore Purchase Agreement: Binding terms were previously announced on Oct. 30, 2025, for an agreement with Ocean Partners U.K. Ltd. for up to 1,500 TPD.
- Revolving Credit Facility: The previous release also announced a $25-million (U.S.) revolving credit facility associated with the Ocean Partners deal.
- Production Timeline: Shipping of gold-bearing material is scheduled to commence in January 2026.
- Definitive Agreements: Finalization of definitive agreements is underway, with the company anticipating entry into these agreements before the end of January 2026, subject to customary conditions precedent.
- Capacity Increase: The transition to Ocean Partners is intended to increase milling capacity to up to 1,500 TPD.
- Termination of Previous Agreement: A 60-day notice of termination has been issued for the milling agreement with Nicola Mining Inc.
Notable Quotes
- "The decision to accelerate the transition to Ocean Partners is in line with Talisker's planned increase of its production rate for 2026. We look forward to finalizing the agreements with Ocean Partners that is planned to increase our milling capacity to up to 1,500 tpd. A 60-day notice of termination of the milling agreement with Nicola Mining Inc. has occurred." — Terry Harbort, President and CEO
More from Talisker Resources Ltd.
Jul 21, 2026 · 07:00