Taltson Critical Minerals Corp. (CSE: SLZ) announced on September 21, 2026, the appointment of Casey Forward, CPA, CGA, as Chief Financial Officer and Director, replacing Heath Ellingham who has resigned to pursue other business interests. Simultaneously, the Vancouver-based critical minerals explorer disclosed the closing of a non-brokered private placement that raised gross proceeds of $85,000. The dual announcement signals a leadership transition and a modest capital injection as the company advances its O'Connor Lake project in the Northwest Territories.

Key Points

  • Taltson Critical Minerals Corp. (CSE: SLZ) is a Canadian mineral exploration company focused on the O'Connor Lake project in the Northwest Territories.
  • Casey Forward, CPA, CGA, has been appointed CFO and Director, succeeding Heath Ellingham, who resigned to pursue other interests.
  • The company closed a non-brokered private placement of 2,125,000 units at $0.04 per unit, raising $85,000 gross; securities are restricted from trading until January 22, 2027.
  • Investors may be watching how the new CFO's appointment influences the company's capital strategy as it advances O'Connor Lake exploration.

Casey Forward Joins Taltson as CFO With Junior Mining Background

The release states that Casey Forward brings extensive experience in junior mining companies, having held senior management positions at multiple public and private companies with projects across Canada, the United States, and South America. He holds CPA and CGA designations. Forward assumes the CFO role and a board seat previously held by Heath Ellingham, who resigned to pursue other business interests. The company thanked Ellingham for his service and contributions. The announcement did not disclose specific terms of Forward's compensation or appointment agreement.

Non-Brokered Private Placement Closes at $0.04 Per Unit

Taltson closed its previously announced non-brokered private placement, issuing 2,125,000 units at $0.04 per unit for gross proceeds of $85,000. Each unit comprises one common share and one share purchase warrant, with each warrant exercisable at $0.07 per share for three years. All securities issued under the placement, including any shares issuable on warrant exercise, carry a trading restriction until January 22, 2027. The company stated that net proceeds will be directed toward general working capital purposes.

Insider Participation Triggers Related-Party Transaction Disclosure

One insider of the company purchased 500,000 units for proceeds of $20,000, representing approximately 23.5% of the total amount raised. This participation constitutes a related-party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, noting the transaction value did not exceed 25% of the company's market capitalisation as defined under MI 61-101. The board of directors reviewed and approved the insider's subscription.

O'Connor Lake Project Remains the Operational Focus

Taltson holds a 100%-owned interest in the O'Connor Lake project, a 76.25-square-kilometre property in the South Slave region of the Northwest Territories, within the Taltson Magmatic Zone. The property is prospective for zinc, copper, lead, silver, and gold. The immediate share price impact of these announcements was not clear from available public information.