Latest news with #TalonMetals
The Market Online
3 days ago
- Business
- The Market Online
Copper-nickel stock spikes after verifying world-class discovery
Talon Metals stock (TSX:TLO) added over 40 per cent after delivering new high-grade intercepts from its majority-owned and operated Tamarack nickel-copper-cobalt project in Minnesota The project, under joint venture with Rio Tinto, houses a resource estimated at 148,000 tons of nickel indicated and 70,000 tons of nickel inferred Talon Metals stock has added 50 per cent year-over-year and 92.86 per cent since 2020 Talon Metals stock (TSX:TLO) added over 40 per cent after delivering new high-grade intercepts from its majority-owned and operated Tamarack nickel-copper-cobalt project in Minnesota. The project, under joint venture with Rio Tinto, houses an estimated resource of 148,000 tons of nickel indicated and 70,000 tons of nickel inferred. Assays from the previously announced massive sulphide intercepts in drill hole 25TK0563 came in at 34.9 metres grading 28.88 per cent nickel equivalent (NiEq) or 57.76 per cent copper equivalent (CuEq). This from a total reported intercept of 47.33 metres at 21.40 per cent NiEq or 42.79 per cent CuEq. Select assays from drill hole 25TK0563 (Source: Talon Metals) Management is optimistic about pending assays form the drill hole, which is a 68-metre eastern step-out from 16TK0250, the highest-grade drill hole in project history. Talon is also announcing the extension of the exclusivity period under its agreement with Lundin Mining for the latter to potentially acquire up to 70 per cent of its Boulderdash and Roland exploration targets, which are near Lundin's producing Eagle nickel-copper mine. Leadership insights 'Intercepts of this scale and grade are extremely rare, and they don't come without deep technical understanding. Our in-house geophysics team helped vector us into this target, and our in-house drill team executed it flawlessly. This result validates both the geology at Tamarack and the integrated approach we've taken to exploration. Tamarack continues to exceed expectations and has raised the bar as to what high-grade means,' Brian Goldner, Talon Metals' chief exploration and operations officer, said in a statement. 'A 34.9-metre intercept grading 28.88 per cent nickel equivalent is truly world-class. Even when you compare it to historical data from globally significant nickel deposits, intercepts like this are few and far between. From a geologic perspective, this is a bonanza result by any standard,' commented Dean Rossell, Talon's chief geologist credited with the discovery of Tamarack, Eagle and Boulderdash. 'As the United States accelerates efforts to secure domestic critical mineral supply chains for energy security and national defense, Tamarack stands out as a rare and essential piece of the puzzle. These assay results not only underscore the global significance of our deposit, but also its strategic importance to America's energy future,' added Henri van Rooyen, Talon's chief executive officer. Talon Metals is a nickel and copper explorer active in the United States. Talon Metals stock (TSX:TLO) is up by 42.11 per cent trading at C$0.27 as of 11:11 am ET. The stock has added 50 per cent year-over-year and 92.86 per cent since 2020. Join the discussion: Find out what everybody's saying about this copper and nickel mining stock on the Talon Metals Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
28-05-2025
- Business
- Yahoo
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
The Market Online
01-05-2025
- Business
- The Market Online
Talon's Tamarack yields highest grades in its history
Talon Metals (TSX:TLO) has produced the highest grades ever reported from its 51-per-cent-owned Tamarack nickel, copper and cobalt project in Minnesota The highlight intercept delivered 8.25 meters grading 23.28 per cent nickel equivalent or 48.87 per cent copper equivalent Talon Metals is a base metals explorer and developer active in Michigan and Minnesota Talon Metals stock has given back 38.24 per cent year-over-year and 4.55 per cent since 2020 Talon Metals (TSX:TLO) has produced the highest grades ever reported from its 51-per-cent-owned Tamarack nickel, copper and cobalt project in Minnesota. The project, operated under a joint venture with Rio Tinto, features 18 kilometres of strike length and a resource estimated at nearly 200,000 tons of nickel. Talon has an earn-in right to acquire up to 60 per cent of the project. The highlight intercept delivered 8.25 meters grading 23.28 per cent nickel equivalent or 48.87 per cent copper equivalent, including 12.62 per cent nickel, 13.88 per cent copper, 0.12 per cent cobalt and 17.95 grams per ton (g/t) platinum group elements and gold. The intercept is 150 meters below and 50 meters south of the nickel-copper mineralization within the main Tamarack Resource Area, potentially representing a new source of massive sulphides with little historical drilling. According to Thursday's news release, Talon is following up to test a borehole electromagnetic anomaly in drillholes 16TK0250, 25TK0552 and 25TK0562, which may indicate nearby high-grade mineralization, as pictured below: (Source: Talon Metals) As detailed in February, Talon has been busy with infilling and outfilling the Tamarack Resource Area to inform an environmental impact statement and upcoming feasibility study. The company also recently extended the exclusivity period until May 31 under its earn-in agreement with Lundin Mining, which may acquire up to 70 per cent of the Boulderdash and Roland exploration targets near Lundin's Eagle Mine, representing about 33,000 acres of mineral rights out of Talon's over 400,000 acres in the state of Michigan. Talon is planning on drilling at Boulderdash in mid-May. Leadership insights 'It is always thrilling to make a discovery, let alone one outside of a resource area, but for it to also be the highest-grade intercept ever at Tamarack is just icing on the cake,' Brian Golder, Talon Metals' chief exploration and operating officer, said in a statement. 'It's also a great example of how polymetallic deposits can be so impressive. This 8.25 meter intercept would be exciting if it was only the gold values, or the PGE values, or the copper values, or the nickel values, but to have all of them together makes this intercept exceptional.' Talon Metals is a base metals explorer and developer active in Michigan and Minnesota. Talon Metals stock (TSX:TLO) last traded at C$0.10. The stock has given back 38.24 per cent year-over-year and 4.55 per cent since 2020. Join the discussion: Find out what everybody's saying about this mining stock on the Talon Metals Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. (Top photo of drill core from the extension of drill hole 16TK0250 showing 8.25 meters grading 12.62 per cent nickel, 13.88 per cent copper, 0.12 per cent cobalt and 17.95 g/t platinum group elements and gold: Talon Metals)
