TSX Shariah screener · October 2026
Is Talamore Mining Corp. (TALA) Halal?
Talamore Mining Corp. · TSX: TALA · Materials
The short answer
No — Talamore Mining (TALA) fails this Shariah stock screen. Its Coffee Gold Project development business is permissible and it carries no drawn debt, but interest income of C$340,398 in Q2 2026 (C$624,502 in H1 2026) was the company's only income — it is pre-revenue — far above the 5% non-compliant income limit. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
Talamore Mining Corp. (TSX:TALA), formerly Fuerte Metals Corp., is a pre-revenue gold developer advancing the Coffee Gold Project in Yukon, plus copper/gold assets in Chile and Mexico. It graduated from TSX-Venture to TSX effective August 11, 2026. No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult-entertainment lines were disclosed. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
The company's C$450M project debt facility (7-year secured notes at 8.65%) was not yet drawn at Q2 2026 — the first C$20M tranche was scheduled to close mid-October 2026 subject to shareholder approval on October 2, 2026. Interest-bearing debt is effectively nil against a market cap of roughly C$1.39B — debt ÷ market cap ≈ 0%, well under the ~33% ceiling. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL
For Q2 2026 the interim financial statements (filed August 10, 2026) disclose a separate interest-income line of C$340,398 (C$624,502 for H1 2026) inside 'Other income (expenses)', while the company is pre-revenue with nil sales. Interest is effectively 100% of the company's income, far above the 5% non-compliant income limit. Gate 3 fails. Facts only.
Key figures used
- Interest-bearing debt: effectively nil — C$450M project debt facility (7-yr secured notes, 8.65%) NOT yet drawn; first C$20M tranche closes mid-Oct 2026
- Market cap: ~C$1.39B; debt ÷ market cap ≈ 0%
- Q2 2026: revenue nil (pre-revenue); interest income C$340,398 (H1 2026: C$624,502) — the company's only income
- Formerly Fuerte Metals Corp.; graduated TSXV → TSX effective Aug 11, 2026
- Assets: Coffee Gold Project (Yukon) + copper/gold assets in Chile and Mexico — no haram segments
- Material: Q2 2026 loss before tax C$32.089M; shareholder approval for debt tranche Oct 2, 2026
Frequently asked questions
Is Talamore Mining (TALA) halal?
No. Talamore Mining fails this Shariah stock screen. Its Coffee Gold Project development business is permissible and it carries no drawn debt, but interest income of C$340,398 in Q2 2026 (C$624,502 in H1 2026) was the company's only income — it is pre-revenue — far above the 5% limit for non-compliant income. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is Talamore Mining's debt-to-market-cap ratio?
About 0%. The company's C$450M project debt facility (7-year secured notes at 8.65%) was not yet drawn at Q2 2026 — the first C$20M tranche was scheduled to close mid-October 2026 — so interest-bearing debt is effectively nil against a market cap of roughly C$1.39B, well under the ~33% ceiling.
What does Talamore Mining do?
Talamore Mining Corp. (TSX:TALA), formerly Fuerte Metals Corp., is a pre-revenue gold developer advancing the Coffee Gold Project in Yukon, plus copper/gold assets in Chile and Mexico. It graduated from TSX-Venture to TSX effective August 11, 2026.
How much interest income does Talamore Mining earn relative to revenue?
For Q2 2026 the interim financial statements disclose a separate interest-income line of C$340,398 (C$624,502 for H1 2026), while the company is pre-revenue with nil sales. Interest is effectively 100% of the company's income, far above the 5% ceiling.
Where can I find more materials stock screeners?
See halal-stock-verdicts.html for the full list of stock screeners, including the other materials-sector entries.
Sources
- Talamore Mining — Q2 2026 interim financial statements (C$340,398 Q2 interest income; nil revenue; filed Aug 10, 2026)
- TipRanks — TALA market cap ~C$1.39B (Oct 1, 2026)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.