08:34 AM EST, 01/30/2025 (MT Newswires) -- Talisker Resources ( TSKFF ) on Thursday said it acquired full ownership of the Golden Hornet Project in British Columbia after completing an option agreement for the property.

The company said along with control of the gold property, it is repurchasing a 1% net smelter royalty granted to Rich River Exploration for cash and shares. Osisko Gold Royalties ( OR ) which holds the other 1% royalty, under the terms of a 2021 agreement.

"Although we remain squarely focused on the transition to gold production at Bralorne, it is good to remind our shareholders of Talisker's extensive exploration portfolio in British Columbia and the excellent results received from Golden Hornet, Talisker's first greenfields drill program," chief executive Terry Harbort said.

The company's shares closed down $0.005 to $0.325 Wednesday on the Toronto Stock Exchange.