Talon Metals Corp has announced a second-quarter 2021 net loss of C$2.2 million, or break even on a per-share basis, primarily as a result of administration expenses and stock option compensation.
Capitalized exploration costs and deferred expenditures on its Tamarack nickel-copper-cobalt project for the quarter amounted to C$7.7 million.
Year-to-date, Tamarack’s total capitalized exploration costs totaled C$73.2 million.
READ: Talon Metals advancing exciting Tamarack project, one of the US's only undeveloped nickel projects
During the same period last year, Talon recorded a net loss of $0.3 million, or break even on a per-share basis, which was primarily due to administration expenses.
The company's net loss for the six-month period ended June 30, 2021, was C$3.0 million, or break even on a per-share basis.
Talon Metals is advancing the giant Tamarack nickel project in Minnesota, to potentially supply the rapidly growing electric vehicle (EV) battery materials market.
The company is one of the only undeveloped nickel projects in the US and could be one of the only options for nickel if EV raw materials are going to be sourced domestically.
Contact Sean at sean@proactiveinvestors.com