Talon Metals Reports Results for the Three Months Ended March 31, 2018
Road Town, May 11, 2018 - Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) reported a net loss for the three months ended March 31, 2018 of $2.0 million or $0.02 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan and administration expenses. This compares to a net loss for the three months ended March 31, 2017 of $1.9 million or $0.01 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan and administration expenses. Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-PGE Project for the three months ended March 31, 2018 amounted to $0.2 million. This compares to $1.0 million for the three months ended March 31, 2017. The total capitalized exploration cost on the Tamarack Nickel-Copper-PGE Project to March 31, 2018 amounts to $39.1 million.
Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2018 and 2017, together with Management's Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-PGE Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
Sean Werger, President
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email: werger@talonmetals.com