Business
Publication of 2025 Annual Report
Talisman Metals PLC has published its Annual Report and Audited Financial Statements for the year ended 31 December 2025, detailing a transformational year marked by a shift from biopharmaceuticals to copper exploration in Morocco. The report includes unaudited interim accounts for Tadeen International Limited for the six months ended 31 December 2025, showing a net loss of $1,010,000 and total assets of $10,000,000. Key 2025 milestones included the acquisition of Tadeen, a change of NOMAD, and a capital raise of 15 million shares. The company is now focused on advancing its Fougnar and Tirzzit projects with the goal of publishing a Mineral Resource Estimate for both by year-end 2026. Disclaimer*
About this update from Talisman Metals Plc
RNS Number:0466K Talisman Metals PLC 29 June 2026 Talisman Metals PLC ("Talisman" or the "Company") Publication of 2025 Annual Report Talisman Metals PLC ("Talisman" or the "Company") announces the publication of its Annual Report and Audited Financial Statements for the year ended 31 December 2025 (the "Accounts"), which are available on the Company's website www.talismanmetalsplc.com. Additionally, a copy of the Accounts is being posted to Shareholders. The Accounts cover a period prior to the Company as now enlarged by the acquisition of Tadeen, including all associated changes, and therefore should be read in that context. Contained in Appendix 1 to this announcement are the unaudited interim accounts for Tadeen International Limited ("Tadeen") for the 6 months ended 31 December 2025, following the acquisition of Tadeen by Talisman as completed on 27 January 2026. CEO letter Tim McCutcheon, Talisman's CEO stated "Dear Shareholders, Colleagues and Stakeholders, 2025 was a truly transformational year for Talisman Metals PLC, where management took all the steps to navigate the change of business, AIM readmission, fund raising and accounting requirements to become what we are today - a focused copper exploration asset developer with projects in Morocco. This process took longer than expected due to the transaction complexity. However, due to the perseverance of management, and with support from our directors, we were able to finish out all the work right in time for the New Year! I wish to say "Thank you" to all the people who helped make this possible. Morocco as a jurisdiction to work in, is one of the best I have seen in my career, with a fresh mining code, a supportive government, and people who truly want to see the mining sector succeed in their country. Copper as an exploration and development target, is one of the best in the mineral business. Looming supply issues and robust projected demand due to AI power needs, electric cars, and power grid build-out all point to a bright future for copper prices. This backdrop is systemic, meaning its conditions will be in place for a long time and presents a constant tailwind to Talisman as we advance our projects forward. For 2026 we are rapidly building-out our capacity to work in the field by establishing relationships with contr...
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