financetom
Business
financetom
/
Business
/
Update: Talisker Provides Clarification on Ore Purchase Agreement with Ocean Partners; Shrs Up Near 6%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Talisker Provides Clarification on Ore Purchase Agreement with Ocean Partners; Shrs Up Near 6%
Nov 10, 2025 12:11 PM

02:50 PM EST, 11/10/2025 (MT Newswires) -- Talisker Resources ( TSKFF ) , up near 6% at last look, on Monday afternoon provided clarification in respect of its press release issued earlier today, which announced the acceleration of the ore purchase agreement to be entered into with Ocean Partners and that the company will begin shipping gold bearing material in January 2026.

As disclosed in the press release dated October 30, 2025, the Ore Purchase Agreement and the US$25 million revolving credit facility will provide Talisker with the ability to increase its milling capacity to up to 1,500 tpd and secure the pathway to ramp up production. In connection with such ramp up, the company must also amend the production permit for the Bralorne Gold Project from its current rate of 175 tpd annualized over 12 months to 500 tpd including the implementation of an ore-sorter to increase output beyond 500 tpd. The company said it has commenced this process and has received verbal indications on the timeline from the British Columbia Ministry of Mining and Critical Minerals that it should receive approval of the permit amendment by Q3 2026.

Price: 1.45, Change: +0.08, Percent Change: +5.84

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Chegg to lay off 22% of workforce as AI tools shake up edtech industry
Chegg to lay off 22% of workforce as AI tools shake up edtech industry
May 26, 2025
May 12 (Reuters) - Chegg ( CHGG ) said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline its operations as students increasingly turn to AI-powered tools such as ChatGPT over traditional edtech platforms. The company, an online education firm that offers textbook rentals, homework help and tutoring, has been...
Sector Update: Consumer
Sector Update: Consumer
May 26, 2025
08:58 AM EDT, 05/12/2025 (MT Newswires) -- Consumer stocks edged higher pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced by 5.3% recently. Scale AI, which counts Amazon ( AMZN ) among its investors, plans to establish a presence in Saudi Arabia by year-end as...
Seagate Technology to Offer $400 Million in Senior Notes in Private Placement
Seagate Technology to Offer $400 Million in Senior Notes in Private Placement
May 26, 2025
08:58 AM EDT, 05/12/2025 (MT Newswires) -- Seagate Technology ( STX ) said Monday it plans to offer $400 million in senior notes due 2030 through a private placement to qualified institutional buyers. The company said it also issued a notice of conditional full redemption for all outstanding 4.875% senior notes due 2027. The redemption will be executed at 100%...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved