Talon Metals ( (TSE:TLO) ) has provided an update.
Talon Metals reported a net loss of $2.3 million for the year ended December 31, 2024, consistent with the previous year’s results. The company’s capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project decreased significantly to $13.9 million in 2024, aided by a royalty sale and government grants, compared to $44.2 million in 2023. This financial performance reflects Talon’s strategic focus on exploration and development activities, supported by external funding, which positions the company to advance its operations and strengthen its market position.
More about Talon Metals
Talon Metals Corp. is a TSX-listed base metals company engaged in a joint venture with Rio Tinto on the Tamarack Nickel-Copper-Cobalt Project in central Minnesota. The company focuses on expanding its high-grade nickel mineralization resource and has an agreement with the United Steelworkers union. Talon has received significant funding from the US Department of Energy and the Department of Defense to support its exploration and development efforts.
YTD Price Performance: 16.67%
Average Trading Volume: 457,989
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$98.15M
For detailed information about TLO stock, go to TipRanks’ Stock Analysis page.