Company
TSE:TLO
Talon Metals Corp is a TSX-listed base metals company developing the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon has an earn-in to acquire up to 60% of the Tamarack Project, and currently owns 51% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts outside the current resource area. Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing responsible processing capabilities in the United States. Talon has a well-qualified exploration and mine management team with extensive experience in project development.
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Resource firms are now beginning to look at their projects in the battery and green energy space as an opportunity to green the global economy and move up the value chain
Talon said it plans to use a “significant amount” of the net proceeds from the offering for advancing work related to its planned exploration and development program at the Tamarack North project in Minnesota
The proceeds will be used for advancing work related to Talon Metals’ planned exploration and development program at the Tamarack North Project in Minnesota
On October 19 this year, the company reported that its planned processing facility had been selected by the US department of Energy for the funding to expand domestic manufacturing of batteries for electric vehicles (EVs). The $114 million
The broker pointed out this represents a significant shift in EV supply chain incentives, which had previously focused on downstream EV OEM/battery manufacturing subsidies, and was the first bulk tranche of funds targeting critical mineral
The total indicated mineral resource estimate now stands at approximately 8.56 million tonnes grading 1.73% nickel plus by-products (2.34% NiEq) containing 148,000 tonnes of nickel
Talon’s proposal is to build an ore processing and tailings management facility located at an existing industrial brownfields site in North Dakota
“Fleet's technology has the potential to deliver two tantalizing results for geologists like our team of proven 'nickel hunters': speed and accuracy,” said Talon Metals CEO Henri von Rooyen
The recent results are a great sign for the feasibility study expected in 2023, analysts said
"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,” said Todd Malan, Talon’s
The intercept was hit starting at 453.73 meters depth and also showed 0.12% cobalt, 0.49 grams per ton (g/t) palladium, 0.62 g/t platinum and 0.35 g/t gold (7.58% nickel-equivalent and 20.20% copper-equivalent)
Analysts at Stifel said that with CGO West showing promising results and new district scale anomalies about to be tested, they are confident the Tamarack resource will grow beyond that defined in the 2021 PEA
One hole hit an impressive interval of 29.39 metres (m), from 180.27m depth, which graded 1.71% nickel, 0.98% copper and 0.05% cobalt. The nickel-equivalent grade was 2.21%
Analysts at the investment bank noted that the push into Michigan underpins Talon's vision of developing a US domestic supply chain for electric vehicle batteries
