Talisker signs ore purchase deal with Ocean Partners

Executive Summary

• Talisker Resources Ltd. has signed binding terms for an ore purchase agreement with Ocean Partners U.K. Ltd. to purchase up to 1,500 tonnes per day (tpd) of ore.
• The company also secured a $25-million (U.S.) revolving credit facility to be used for development and working capital at the Bralorne gold project.
• The agreements are set for a seven-year term, renewable by mutual consent, with definitive agreements anticipated before the end of January 2026.

Key Details

• Ore Purchase Agreement: Binding terms signed with Ocean Partners U.K. Ltd. for up to 1,500 tpd.
• Credit Facility: $25-million (U.S.) revolving credit facility secured for development and working capital for the Bralorne gold project.
• Term: Seven-year period from the signing of definitive agreements, renewable by mutual consent.
• Timeline: Definitive agreements expected to be entered into before the end of January 2026, subject to customary conditions precedent.
• Operational Impact: Agreements enable Talisker to increase milling capacity to up to 1,500 tpd, securing a pathway to ramp up production and increase revenue. Ore shipments to Ocean Partners can commence immediately upon signing definitive agreements.
• Current Processing Status: Talisker will continue processing material at Nicola Mining Inc.'s Merrit facility under the current 12-month agreement, which expires in May 2026.
• Upcoming Event: CEO Terry Harbort will participate in a webinar hosted by Adelaide Capital on Tuesday, Nov. 4, at 4:30 p.m. ET to discuss the agreements.

Notable Quotes

• "These agreements will provide Talisker with the ability to increase our milling capacity to up to 1,500 tpd securing our pathway to ramp up production and increase revenue as planned. Upon signing of the definitive agreements, Talisker will be able to commence ore shipments to Ocean Partners immediately. The long-term partnership with Ocean Partners provides operational security to achieve our vision of becoming a significant Canadian gold producer." — Terry Harbort, President and CEO
• "Talisker will continue to process material at Nicola Mining Inc.'s Merrit facility for the remainder of the current 12-month agreement which expires in May, 2026. We thank Nicola for their support in the early phases of our production and we wish them success as they make their transition to processing their own ore from the Dominion Creek bulk sample and incorporate run of mine material from their partnership with Blue Lagoon Resources." — Terry Harbort, President and CEO