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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The company said the 400,000-acre land package is in a highly prospective nickel district that is currently host to the only operating high-grade nickel mine in the US
The firm issued a price target of C$0.90, more than double its current share price
The new assays demonstrate high nickel and copper grades across a large area in the CGO East area
The company released a record intercept of 23.44 metres of massive sulphide nickel and copper mineralization at 453 metres depth
Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2022 amounted to $16.2 million
The company said the new rigs will be focusing on exploration outside of the main resource area where numerous intercepts of high-grade nickel-copper mineralization have already been discovered
"President Biden's action today makes clear that there is a bipartisan consensus that the battery material supply chain, from mine to recycling, is a national priority," said Talon CEO Henri van Rooyen
Drilling outside the pool of massive sulphides within the CGO West area intersected thick, high-grade nickel-copper mineralization, indicating that the high-grade mineralization expands to the east and to the north
The company said the team at the Tamarack Nickel Project will include technical experts from the Department of Energy's Pacific Northwest National Laboratory, which has demonstrated carbon mineralization technology in Washington state
The intercept in drill hole 21TK0355 is deeper than the large sheet of nickel and copper mineralization previously reported nearby, indicating that another layer of massive mineralization could be present at this location
Concurrently with the closing of the offering, Talon completed a non-brokered private placement of 8,953,013 shares at the same issue price with Pallinghurst Nickel International Ltd for aggregate gross proceeds of $6,446,169.36
The base metals company intends to use the net proceeds from the offering and the private placement to advance an exploration and development program at its Tamarack North project in Minnesota, and for general working capital
The electric vehicle manufacturer has committed to purchase at least 75,000 tonnes of nickel concentrate from Tamarack
It has developed its own 'in-house' team of drillers and geologists, which, it says, means exploration costs can be 'significantly reduced', and in the first half of 2022, it expects to finish exploration drilling around the margins of the
The 124 square kilometre asset comprises the Tamarack North project and the Tamarack South project
"While the Talon team continues to progress the high-grade Tamarack nickel project towards permitting and production, global capital markets can change quickly due to macro events unrelated to project development," said the company’s presid
Results from another 11 drill holes from the Minnesota-based project returned intercepts of 15.32 metres grading 6.06% nickel and 2.51% copper
The bipartisan 'Infrastructure Investment and Jobs Act' was signed into law on Monday and contained significant funding support for electric vehicle (EV) adoption, EV battery charging infrastructure and over US$6 billion for developing batt
Wheatley and Frandsen have joined the company’s board following Pallinghurst’s purchase of 133,610,894 Talon shares from Resource Capital Fund VI LP
Assay results included 18 meters of mineralization grading 0.7% nickel and 0.4% copper starting at 199.5 meters depth
