Talon Metals (“Talon”) is developing Tamarack, a very attractive Nickel, Copper and Cobalt asset. Battery grade Nickel is essential in the lithium-ion batteries that power electric vehicles as well as for energy storage used to make renewable energy more commercially attractive and sustainable. Talon will become a key supplier to support the energy storage and EV revolution. Talon is listed on the TSX.

The Tamarack deposit is likely to be one of the best sources of battery-grade Nickel for a rapidly expanding North American battery supply chain, which will satisfy the significant and increasing global demand for electric vehicles. The deposit also has exceptional copper grades (as high as 16%) that will provide significant by-product earnings in addition to Tamarack’s nickel.

The Tamarack deposit is located in Minnesota, USA, from which it is well placed to play a leading role in the North American nickel industry.

Talon believes that nickel must be produced in both an environmentally friendly and socially responsible way. This means that from mine to battery, every step is carefully controlled. Talon plans to implement an all-electric mine fleet with the potential for carbon sequestration.

Pallinghurst acquired a 19.2% interest in Talon from Resource Capital Funds (“RCF”) during October 2021. RCF remains a significant shareholder in Talon, and Pallinghurst and RCF have entered into a relationship agreement that sets out the basis on which each party will act in the future. The Tamarack deposit will be developed in partnership with Rio Tinto. 

In 2017, The Pallinghurst Group predicted a growing level of demand for Battery Materials and has spent the years since then developing its investment portfolio. Talon represents another key leg of Pallinghurst’s Battery Materials strategy.

Find out more about Talon’s exceptional ‘Green Nickel’ Tamarack Project here:

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Pallinghurst and Traxys join forces – creating a joint venture to capitalise on the strong growth in demand for responsibly sourced battery materials

In November 2019, the Pallinghurst Group, and leading global commodities trader, Traxys, today announced the launch of the Pallinghurst-Traxys Battery Materials joint venture.
Through the Joint Venture, Pallinghurst and Traxys will invest in and establish controlling positions in projects to develop and supply responsibly and ethically sourced materials to the growing rechargeable battery and energy storage industry.

The Joint Venture expects to benefit from increased environmental awareness and commitment to decarbonisation from consumers and regulators, which has resulted in growing adoption of electric vehicles and global demand for rechargeable batteries. These trends are underpinned by strong financial support from many governments and changes in consumer preferences. Pallinghurst-Traxys also expects to benefit from an increase in installed energy storage capacities within electric grids.

Pallinghurst and Traxys join forces – creating a joint venture to capitalise on the strong growth in demand for responsibly sourced battery materials

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