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: