TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd (“Ocean Partners”) for up to 1,500 tonnes per day (tpd) and a US$25 million revolving credit facility (the “Agreements”). The revolving credit facility for US$25M will be used for development and working capital for the Bralorne Gold Project as required. The Agreements will be for a seven-year period from the signing of the definitive agreements and will be renewable by mutual consent. Further details will be provided following the signing of the definitive agreements.
Terry Harbort, President and CEO of Talisker commented: “These Agreements will provide Talisker with the ability to increase our milling capacity to up to 1,500 tpd securing our pathway to ramp up production and increase revenue as planned. Upon signing of the definitive agreements, Talisker will be able to commence ore shipments to Ocean Partners immediately. The long-term partnership with Ocean Partners provides operational security to achieve our vision of becoming a significant Canadian gold producer.
Talisker will continue to process material at Nicola Mining Inc.’s (“Nicola”) Merrit facility for the remainder of the current 12-month agreement which expires in May 2026. We thank Nicola for their support in the early phases of our production and we wish them success as they make their transition to processing their own ore from the Dominion Creek bulk sample and incorporate run of mine material from their partnership with Blue Lagoon Resources.”
Subject to the satisfaction of customary conditions precedent, the Company anticipates entering into the Agreements before the end of January 2026.
Terry Harbort, President and CEO of Talisker, will participate in a webinar hosted by Adelaide Capital at 4:30 pm ET on Tuesday, November 4th to discuss the anticipated Ocean Partners agreements in more detail. Questions can be submitted during the session or in advance to magda@adcap.ca.
Register here: https://us02web.zoom.us/webinar/register/WN_o-j1VcFvSNOhtz3-4xDqGA.
The webinar livestream will also be available to watch on the Adelaide Capital YouTube Channel, where a replay will be posted after the event: https://www.youtube.com/@Adelaide_Capital.
For further information, please contact:
| Lindsay Dunlop Vice President, Investor Relations lindsay.dunlop@taliskerresources.com +1 647 274 8975 |
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is producing at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information, including but not limited to: the anticipated terms and timing of the Agreements; the entering into of the Agreements on the anticipated timing and terms or at all; the receipt of required approvals in connection with the Agreements; plans with respect to the business operations of the Company, including its production and processing activities. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate. In particular, the Company advises that it does not have defined mineral reserves and it has not based its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration, development and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals. Furthermore, historically, projects that are in production without defined mineral reserves have a much higher risk of economic and technical failure. There is no guarantee that production will proceed as anticipated or at all or that anticipated production costs will be achieved.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
