New Talisman Gold Mines extends halt amid funding negotiations

New Talisman Gold Mines Limited (NTL) requested and received approval for a further trading halt of its ordinary shares, effective December 2, 2025. This follows an initial halt placed on Friday, November 28, 2025. The trading halt is intended to prevent market impact while NTL's board concludes negotiations with potential long-term strategic investors.

The company's strategy of advancing gold exploration while producing gold at Mystery has yielded initial grades below expectations, with the first shipment netting $21,700. This has resulted in a short-term cashflow requirement for NTL. The board is actively negotiating with potential investors and has secured pledges for short-term funding of $550,000, contingent upon successful long-term investor negotiations.

NTL emphasized that discussions with strategic investors remain confidential and incomplete, precluding the release of further details at this time. The board remains committed to shareholder value and will provide updates as developments unfold.