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7 days ago
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North Dakota coal mine to become processing site for Minnesota nickel
A former coal mine near Beulah, N.D., is being converted to a processing site for nickel and other minerals. (Jeff Beach/North Dakota Monitor) BEULAH, N.D. – A former coal mine in western North Dakota that will be converted into a processing site for nickel mined in Minnesota was touted Wednesday as a way for the U.S. to reduce its reliance on China and other countries for critical minerals needed for electronics and electric vehicles. The processing plant operated by Talon Metals will bring 150 jobs to Beulah, with processing expected to begin in 2028. Electric vehicle maker Tesla has contracted to buy about half the nickel processed in Beulah. Mike Kicis, president of Talon Metals, said the Department of Defense is another likely user of the nickel and other minerals. The raw ore will come from a mine near Tamarack in north-central Minnesota. It will be shipped by rail about 475 miles west to the Westmore Mining site just outside Beulah. The reborn mine site was introduced as the Beulah Minerals Processing Facility in an agreement signing ceremony in Beulah. North Dakota officials were at the signing ceremony to highlight what they said was the importance of domestic production of critical minerals such as nickel. 'It is a real national security issue,' Gov. Kelly Armstrong said of the U.S. reliance on China and countries for critical minerals such as nickel. Armstrong said the agreement is 'proof that North Dakota could be a leader in cutting edge, innovative projects combining economic development with environmental responsibility and community engagement.' The plan is contingent on permitting in North Dakota and Minnesota and at the federal level. The North Dakota Department of Environmental Quality is among the agencies that will review the project. The mine has been opposed by some Native American and environmental groups in Minnesota that say the mining could pollute sensitive waters. Kicis said Talon has tried to address environmental concerns at the mine site by making plans for a building over the mine opening so railcars can be loaded indoors. Some of the environmental concerns have been about the processing that is slated for Beulah and the waste, also known as tailings, that results from separating the nickel and other minerals. Talon officials said Wednesday that there are potential uses for the waste, such as concrete, with the ash from burned coal as an ingredient. U.S. Sen. John Hoeven, R-N.D., said the $365 million investment is an economic win and by recycling the waste products to make road-building materials, is an environmental win. The project is being supported by a nearly $115 million Department of Energy grant that was announced by the Biden administration in 2022. Kicis said that without the federal grant, the project would have been 'a real challenge.' While welcomed by local officials, the project also will create some challenges, such as attracting labor and having enough housing for the workers at the new project. 'All good things are a challenge,' Granville 'Beaver' Brinkman, the economic development director for Beulah, said. He said when the mine was at its peak, it had about 100 employees. Since it has been in its reclamation phase, he said there have been about 40 workers at the site. Coal production stopped at the site in 2022. Beulah Mayor Sean Cheatley said he hopes that there won't be the need for crew camps when construction starts next year as planned. He said there also will be increased traffic for the town to deal with, but said it is good for the community and its neighbors. 'It's good for Beulah. It's good for Hazen. It's good for Mercer County. It's good for the whole nation,' Cheatley said. SUPPORT: YOU MAKE OUR WORK POSSIBLE SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
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28-05-2025
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Talon Metals and Westmoreland Mining Sign Land Agreement to Progress North Dakota Minerals Processing Facility
Former coal mining site is set to be developed to process critical minerals for domestic defense and energy requirements, reducing current dependence on China and Russia Beulah, North Dakota--(Newsfile Corp. - May 28, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) through its wholly owned subsidiary Talon Nickel (USA) LLC ("Talon" or the "Company") is pleased to announce that it has secured a site currently owned by Westmoreland Mining LLC ("Westmoreland") as the location where Talon will develop its Beulah Minerals Processing Facility ("BMPF"). This milestone marks a significant achievement in U.S. domestic critical mineral processing infrastructure for nickel and other key minerals. Highlights Talon and Westmoreland have signed an option agreement for Talon to secure an approximately 256 acre portion of the former Westmoreland coal mine site near Beulah, North Dakota and the associated 7-mile rail spur for the development of Talon's BMPF. A signing ceremony was held at the site today to celebrate this milestone with the participation of several very important dignitaries, including North Dakota Governor Armstrong, Senator Hoeven, Senator Cramer and Congresswoman Fedorchak. The BMPF presents a first-of-its-kind opportunity for collaboration across energy, mining and critical mineral industries, transforming a legacy coal mine site into critical minerals processing to support the nation's national security and industrial revitalization priorities. Supported by a US$114.8M grant from the Department of Energy (see Company's press release dated November 2, 2023), the facility will work to support the nation's strategy to reduce reliance on foreign-sourced critical minerals. Talon was also awarded US$2.47m from the Defense Logistics Agency for innovative research to increase mineral extraction efficiency (see Company's press release dated December 11, 2024). The BMPF will leverage existing infrastructure on and near to the brownfields site, including an existing rail spur that connects directly to the BNSF Railway. Talon expects up to 150 high-quality direct jobs and hundreds more during construction of the BMPF. Next steps for the BMPF include permitting during the remainder of 2025 and 2026 with a targeted start of construction in 2027. "The Beulah Minerals Processing Facility is a game-changer for both North Dakota and the nation. By establishing a domestic supply chain for critical minerals, we are strengthening America's economic and national security, while creating good-paying jobs right here in Mercer County," said Senator Hoeven. "We worked with the Department of Energy to secure $115 million to help move Talon's project forward, reducing our reliance on China for these increasingly important minerals and positioning the U.S. as a leader in critical mineral processing." Jon Heroux, Westmoreland's Corporate Counsel for External Affairs said, "We are thrilled to partner with Talon on this transformative project, which directly aligns with a core element of Westmoreland's strategic vision: repurposing former coal and mining sites into hubs for industrial energy, mineral processing, and advanced data infrastructure. This collaboration demonstrates the power of public-private partnerships to drive economic revitalization while advancing the domestic production of critical minerals. The Beulah Minerals Processing Facility represents a forward-looking investment that brings new life to this community and reinforces North Dakota's vital role in strengthening America's energy and national security." The Beulah Minerals Processing Facility The proposed BMPF site is a subset of the former Westmoreland Beulah Coal Mine, located in Mercer County, North Dakota approximately 4 miles from the city of Beulah. The BMPF will receive high-grade nickel and copper ore from the proposed Tamarack mine in Minnesota and other potential sources across North America. Thanks to the Tamarack deposit's grade and proximity, the ore can be transported quickly, safely, and cost-effectively. Figure 1: Location of the proposed Tamarack Mine in Minnesota directly connected by rail (approximately 475 miles) to the location of the proposed BMPF in North Dakota To view an enhanced version of this graphic, please visit: Built on a legacy coal mine site the BMPF is expected to operate in symbiosis with adjacent coal-fired power stations by potentially utilizing fly ash for innovative tailings management, creating a model for responsible redevelopment of legacy coal infrastructure, and state-of-the-art partnership between coal fired power plants and critical minerals processing facilities. Figure 2: Location of the proposed BMPF in relation to Beulah, North Dakota (approximately 7 miles by rail) To view an enhanced version of this graphic, please visit: Henri van Rooyen, Talon's CEO said, "Securing the site for the Beulah Minerals Processing Facility marks a pivotal step in our journey to build the most advanced nickel and copper processing facility in the world. This milestone not only strengthens U.S. critical mineral infrastructure but also reflects our commitment to sustainable development by repurposing legacy coal infrastructure. We are proud to collaborate with Westmoreland Mining, the U.S. Department of Energy and other important members of local, state and national government in creating resilient supply chains that support national security and energy independence." Agreement Terms 3-Year Purchase Option Period Subject to an initial 3 month due diligence period for Talon, Westmoreland has granted Talon the sole and exclusive right and option to purchase (the "Purchase Option") approximately 256 acres of land and an adjacent 7-mile rail spur (the "Property") as detailed further above. Talon may exercise the Purchase Option at anytime at its sole discretion over the ensuing 3 year period (the "Option Period"). In consideration for the Purchase Option, Talon Metals Corp. will issue Westmoreland 15,000,000 consideration options (the "Consideration Options") to purchase common shares of Talon Metals Corp. with a 3 year term from the date of issuance and at an exercise price equal to the volume weighted average trading price of the common shares of Talon Metals Corp on the TSX for the five trading days immediately preceding the date the Consideration Options are issued. Subject to the terms and conditions of the Consideration Options, one-third of the Consideration Options will vest immediately on the date of issuance; an additional one-third of the Consideration Options will vest on the one year anniversary of the date of issuance; and the last one-third of the Consideration Options will vest on the two year anniversary of the date of issuance. In the event that at any time during the Option Period Talon shall elect to terminate the Purchase Option, Westmoreland shall retain any Consideration Options which shall at such time have vested in accordance with the vesting schedule set out above, and all such vested Consideration Options shall remain outstanding and exercisable and any unvested Consideration Options at such time shall be deemed to be cancelled. In the event that at any time during the Option Period the Company shall elect to exercise the Purchase Option, any Consideration Options which at such time shall not yet have vested in accordance with the vesting schedule set out above shall automatically vest upon the exercise of the Purchase Option and all such Consideration Options shall be exercisable. The issuance of the Consideration Options remains subject to the final approval of the TSX. Purchase Price Upon the exercise of the Purchase Option by Talon, title to the Property will be transferred to Talon in consideration for Talon making future ore delivery payments to Westmoreland (the "Purchase Price"). Effective as of the first delivery of nickel bearing ore to the BMPF, Talon will pay Westmoreland $0.50 per metric ton of ore delivered to the BMPF (based on the nickel bearing ore having a grade between 1% and 5%). Any ore delivered that has a nickel grade of 1% or less will not be subject to any payment to Westmoreland in respect of such ore. Any ore delivered that has a nickel grade greater than 5% will be subject to a pro-rata increased payment relative to 5%. The Purchase Price is capped at $10 million. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional 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 (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Beulah Mineral Processing Facility in Mercer County was selected by the US Department of Energy for a US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at Talon Media Contact: Jessica Johnson(218) 460-9345johnson@ Talon Investor Contact: Mike Kicis1 (647) 968-0060kicis@ For additional information on Westmoreland, please visit Westmoreland's website at Westmoreland Contact: Jon Heroux(720) 354-4478jheroux@ FORWARD-LOOKING STATEMENTS This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the exercise of the Purchase Option, permitting and the construction of the BMPF (including target timing) and the Company's ability to leverage existing infrastructure on and near the site, expected job creation during construction and operation of the BMPF, and future ore delivery to the BMPF. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
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Talon Metals Reports Results for the Quarter Ended March 31, 2025
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - May 15, 2025) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2025 of $0.8 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended March 31, 2024 of $0.3 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation, offset by foreign currency gain and interest income. Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2025 amounted to $5.8 million, primarily the result of exploration and development costs and deferred expenditures of $7.0 million, offset by governments grants received of $1.2 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project of $6.8 million for the three months ended March 31, 2024. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2025 amounts to $237.7 million. Consolidated Financial Statements for the three months ended March 31, 2025 and 2024, together with Management's Discussion and Analysis have been filed on SEDAR+ and are available at All amounts are presented in Canadian dollars. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional 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 (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at or contact: Mike KicisPresidentTalon Metals 1 (647) 968-0060 Email: kicis@ To view the source version of this press release, please visit Sign in to access your portfolio
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15-05-2025
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Talon Metals Reports Results for the Quarter Ended March 31, 2025
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - May 15, 2025) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2025 of $0.8 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended March 31, 2024 of $0.3 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation, offset by foreign currency gain and interest income. Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2025 amounted to $5.8 million, primarily the result of exploration and development costs and deferred expenditures of $7.0 million, offset by governments grants received of $1.2 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project of $6.8 million for the three months ended March 31, 2024. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2025 amounts to $237.7 million. Consolidated Financial Statements for the three months ended March 31, 2025 and 2024, together with Management's Discussion and Analysis have been filed on SEDAR+ and are available at All amounts are presented in Canadian dollars. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional 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 (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at or contact: Mike KicisPresidentTalon Metals 1 (647) 968-0060 Email: kicis@ To view the source version of this press release, please visit Sign in to access your portfolio
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12-05-2025
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Talon Metals Makes Second Historic Discovery in a Month at Tamarack: 34.9 Meters of Massive Nickel Mineralization Intercepted in a New Zone
Most Significant Massive Nickel Mineralization Intercepted in Tamarack History in a Second New Zone Below the Tamarack Resource Area Tamarack, Minnesota--(Newsfile Corp. - May 12, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce a historic massive sulphide ("MSU") intercept measuring a cumulative 34.9 meters at the Tamarack Nickel Copper Project. Figure 1: Photo of drill core from drill hole 25TK0563 at 762.34 meters depth showing a cumulative 34.9 meters of massive nickel mineralization To view an enhanced version of this graphic, please visit: Highlights: Drill hole 25TK0563 intercepted a cumulative length of 34.9 meters of massive nickel mineralization starting at 762.34 meters (over a total length of 47.33 meters). The drill hole was targeting a series of Borehole Electromagnetic ("BHEM") anomalies identified from previous drill holes 25TK0562 and 16TK0250. The previous record drilling thickness of MSU at the Tamarack Nickel Copper Project was 23.44 meters from drill hole 21TK0380 (see press release dated September 22, 2022). The MSU in drill hole 25TK0563 appears to be very similar to the MSU in drill hole 16TK0250 extension suggesting grades may be similar (see Table 2). Disseminated and vein mineralization above the MSU in drill hole 25TK0563 shows chalcocite and bornite suggesting high copper content similar to drill hole 16TK0250. Drill hole 25TK0563 represents an approximate 68 meter step-out to the east from the intercept in drill hole 16TK0250. BHEM surveys are currently being conducted on drill hole 25TK0563. "In my 19 years working on the Tamarack Project, I've never seen anything like this. This 34.9-meter intercept of high-grade massive sulphide isn't just the longest ever recorded at Tamarack - it's a defining moment. It confirms what we've believed all along: that Tamarack is a truly world-class system. This project is essential to America's critical mineral independence, offering a domestic source of nickel and copper at a time when the United States needs it most," said Brian Goldner, Talon's Chief Exploration and Operations Officer. Background Since Talon's press release dated February 3, 2025, Talon's in-house exploration team has been 'Infilling' and 'Outfilling' the Tamarack Resource Area for purposes of completing a feasibility study at the Tamarack Nickel Copper Project. This work is in support of Talon's Proposed Action (a highly detailed project description) in its Environmental Assessment Worksheet to support the preparation of an Environmental Impact Statement. Historic drill hole 16TK0250 was re-examined and extended from 649 meters depth in order to evaluate a subtle BHEM response observed in the data. The drill hole encountered significant mineralization at a depth of 707.75 meters, intersection 8.25 meters grading 12.62% Ni, 13.88% Cu, 17.95g/t PGEs+Au (23.28% NiEq or 48.87% CuEq) (see the Company's press release dated May 1, 2025). BHEM surveys of drill holes 16TK0250 and 25TK0562 identified multiple stacked BHEM anomalies which were targeted with drill hole 25TK0563. Drill hole 25TK0563 intersected the BHEM anomaly and intercepted 20.39 meters of Mixed and Massive Sulphide mineralization starting at 762.34 meters and 14.51 meters of Massive Sulphide mineralization starting at 795.16 meters for a cumulative intercept of 34.9 meters (see Figure 2). Figure 2: Tamarack Resource Area showing location of the new 34.9 meters intercept in relation to the mineralized domains To view an enhanced version of this graphic, please visit: QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Copper Project. Copies are available on the Company's website ( or on SEDAR at ( The laboratory used is ALS Minerals who is independent of the Company. Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate. Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information. Where used in this news release: NiEq% = Ni% + Cu% x $4.00/$8.00 x Cu Recovery/Ni Recovery + Co% x $20.00/$8.00 x Co Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$8.00/22.04 x Pt Recovery/Ni Recovery + Pd [g/t]/31.103 x $1,000/$8.00/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $2,000/$8.00/22.04 x Au Recovery/Ni Recovery + Ag [g/t]/31.103 x $20.00/$8.00/22.04 x Ag Recovery/Ni Recovery CuEq% = Cu%+ Ni% x $8.00/$4.00 + Co% x $20.00/$4.00 + Pt [g/t]/31.103 x $1,000/$4.00/22.04 + Pd [g/t]/31.103 x $1,000/$4.00/22.04 + Au [g/t]/31.103 x $2,000/$4.00/22.04 + Ag [g/t]/31.103 x $20.00/$4.00/22.04 For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd and 72.6% for Au and Ag. ABOUT TALON Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional 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 (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams. For additional information on Talon, please visit the Company's website at or contact: Media Contact: Jessica Johnson(218) 460-9345johnson@ Investor Contact: Mike Kicis1 (647) 968-0060kicis@ FORWARD-LOOKING STATEMENTS This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drill results and assays as well as geological interpretations. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Table 1: Collar Location of Drill Hole 25TK0563 Drill Hole (#) Easting (m) Northing (m) Elevation (masl) Azm Dip End Depth (m) 25TK0563 491049.16 5168344.40 388.00 170.66 -84.56 867.77 Collar coordinates are UTM Zone 15N, and dips are taken from the survey record at collar unless otherwise noted. Table 2: Quick Lithology Log for Drill Hole 25TK0563 Drill Hole (#) From (m) To(m) Length(m) Quick Log % Sulphides 25TK0563 0 33.02OB33.02 418.05FGO/MZNO Traces 418.05 524.25 106.2 FGO/MZNO 5-10% 524.25 538.65CGO 1-2% 538.65 539.14 0.49 MSU 95% 539.14 762.26CGO Tr-3% 762.26 762.34SED Tr 762.34 782.73 20.39 MMS/MSU 80% 782.73 783.26SED783.26 795.16CGO795.16 809.67 14.51 MSU 95% 809.65 826.01SED826.01 867.77CGO Tr-3% Quick lithology log of drill holes: Overburden (OB); Meta-sedimentary rocks (SED); Fine-grained Orthocumulate/Mixed Zone (FGO/MZNO); Coarse-grained Orthocumulate (CGO); Mixed and Massive sulphide (MMS/MSU). To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
