Latest news with #TLO
Yahoo
4 days ago
- Business
- Yahoo
Talon Metals Reports Results for the Quarter Ended June 30, 2025
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - August 14, 2025) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended June 30, 2025 of $1.2 million or nil per share (basic and diluted), which was primarily the result of administration expenses and foreign currency loss. This compares to a net loss for the three months ended June 30, 2024 of $0.7 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. The Company's net loss for the six months period ended June 30, 2025 was $2.0 million or nil per share (basic and diluted). This compares to a net loss of $1.0 million or nil per share (basic and diluted) for the same period in the prior year. Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2025 amounted to $5.0 million, primarily the result of exploration and development costs and deferred expenditures of $5.1 million, offset by governments grants received of $0.1 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2024 of $6.1 million, primarily the result of exploration and development costs and deferred expenditures of $8.8 million, offset by governments grants received of $2.7 million. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to June 30, 2025 amounts to $230.5 million. Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2025 and 2024, together with Management's Discussion and Analysis have been filed on SEDAR+ and are available at All amounts are presented in Canadian dollars. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel-Copper-Cobalt Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at or contact: Mike KicisPresidentTalon Metals 1 (647) 968-0060Email: kicis@ To view the source version of this press release, please visit
Russia Today
26-03-2025
- Politics
- Russia Today
Taiwan requests more time to move ‘unofficial embassy' in BRICS state
With Taiwan's South African office having been recently downgraded from Taipei Liaison Office (TLO) to Taipei Commercial Office (TCO), the Department of International Relations and Cooperation (DIRCO) has revealed that while the impending relocation of the Taiwan office has been set in stone, Taipei has indicated that this might take longer than expected due to budgetary constraints. The South African government had initially ordered Taiwan to move its Pretoria office to Johannesburg in October 2024, but talks between the countries resulted in a new date of end of March being set. However, with just under a week to go before the deadline, this might not happen as Taiwan and the South African government are still engaged in a possible change of date due to financial implications associated with this relocation. DIRCO spokesperson Chrispin Phiri has indicated that due to the shift in relations between the two countries since the advent of democracy, this name change reflects the current government's position on its relations with Taiwan. 'The name change is the accurate representation of the status of their office... The apartheid government maintained close ties with Taiwan, this relationship shifted after the country's democratic transition in 1994. Since joining the UN in 1994, South Africa has aligned with international consensus and adhered to UN Resolutions, including Resolution 2758 (1971), which recognises the People's Republic of China (PRC) as the sole legitimate representative of China. READ MORE: BRICS state gives Taiwan deadline to move 'unofficial embassy' 'In 1997, South Africa severed diplomatic ties with Taiwan and maintained a non-political, non-diplomatic engagement. In 1998, South Africa formalised its diplomatic relations with the PRC and committed to the One China Policy, which asserts that Taiwan is an inalienable part of China,' Phiri stated. It has been reported that as the deadline looms large over this relocation, Taiwan has formally requested talks to decide on the relocation site, personnel arrangements, and agreement signing details. READ MORE: From Soviet classrooms to presidential palaces: How the USSR educated African leaders 'The location of the Taiwan Liaison Office (TLO) is simply a matter of geography and poses no threat to the Republic of South Africa. Our relationship with Taiwan revolves around trade, rather than political or diplomatic concerns. The Taiwanese Authorities have indicated that they cannot adhere to the relocation deadline for various reasons, including budgetary concerns. The discussions are ongoing, and in the interim, South Africa is following domestic processes to undertake administrative adjustments that appropriately reflect the status of Taiwanese representation in South Africa,' Phiri further stated. DIRCO renamed the 'Taipei Liaison Office' to the 'Taipei Commercial Office' on its website earlier this month, saying the relocation will not hinder but enhance economic ties between the two nations. READ MORE: South Africa denies being under Chinese pressure 'The relocation of the TLO presents a unique opportunity that promises to enhance economic and trade relations. Johannesburg, a thriving commercial and financial hub, is ideally positioned to foster productive economic collaborations. 'South Africa is committed to strengthening its non-diplomatic ties with the island, focusing on lucrative areas such as trade, investment, and education. This strategic approach will be facilitated through a non-binding Memorandum of Arrangement with the Taipei Authorities,' Phiri added. First published by IOL
