Talon Metals Corp. (TSX:TLO) said it has joined Development Partner Institute’s (DPI Mining) Responsible Sourcing Coalition, or RESCO, as a supporter, as both share a vision for sustainability in the mining sector.
"We are thrilled to join a multi-stakeholder group like RESCO that brings together diverse perspectives to discuss how society can address climate change and protect the natural environment and cultural resources,” Todd Malan, Talon’s chief external affairs officer and head of climate strategy, said in a statement.
“Participants in RESCO are clear eyed about the metallic mineral requirements of the energy transition, but they want to make sure that these infinitely recyclable natural resource like nickel are extracted responsibly with strong environmental and cultural protections, broad based economic benefits," he added.
READ: Talon Metals unveils new record drill result at Tamarack project in Minnesota
RESCO is a coalition for an ethical mining value chain, bringing together organisations and individuals across the industry. In partnership with a range of stakeholders, RESCO is continuing through 2022 to lead a multi-stakeholder effort to identify and fill gaps in the whole of value chain conversation.
In welcoming Talon, DPI Mining co-founder and chairman Peter Bryant said: "It's great to have Talon Metals' support and participation in RESCO as they reimagine mining from both an ESG and technical perspective."
DPI Mining’s executive director Wendy Tyrrell added: "The funding from Talon will be valuable as we continue to build momentum and energy through our visioning work and our responsible sourcing coalition.”
Talon is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. The project comprises a large land position totaling 18 kilometers of strike length, with high-grade intercepts outside the current resource area.
Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on expanding and infilling its current NI 43-101 high-grade nickel mineralization resource to shape a mine plan for submission to Minnesota regulators; and following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
The company has an agreement with Tesla Inc (NASDAQ:TSLA). to supply 75,000 metric tonnes (165 million pounds) of nickel in concentrate and certain by-products, including cobalt and iron, from the Tamarack Nickel Project over an estimated six-year period once commercial production is achieved.
Contact the author at jon.hopkins@proactiveinvestors.com