Talon Metals - TLOFF STOCK NEWS

Talon Metals Corp. (TLOFF) has reported significant achievements in 2024 for its nickel-copper-cobalt projects. The company made progress in three key areas:

1. The Tamarack Mine Project in Minnesota advanced through environmental review, with successful drilling results showing an 82% hit rate for massive sulphide mineralization in 33 holes.

2. Development of the North Dakota Battery Minerals Processing Facility (BMPF), supported by a US$114.85M Department of Energy grant, completed mini-pilot programs for producing various concentrates and exploring waste reduction technologies.

3. Made the first high-grade nickel-copper discovery in Michigan since 2016, located 8 miles from Eagle Mine.

The company has secured total grants of US$137.92M from various government agencies and is progressing toward completing a feasibility study in 2025.

Talon Metals (TLOFF) has submitted an amended Environmental Assessment Worksheet (EAW) to Minnesota authorities for its Tamarack Nickel-Copper Project, advancing the state's Environmental Impact Statement scoping process. The company has implemented significant design improvements following two rounds of comments from regulatory agencies and tribal governments.

Key improvements include: consolidating operations into a single enclosed building, eliminating outdoor waste rock stockpiles, reducing the project footprint by over 10 acres, transitioning to a single decline ramp from a Tunnel Boring Machine method, and shifting to unit trains for optimized transportation. These changes aim to minimize environmental impact, reduce dust emissions, improve stormwater management, and decrease light and noise pollution.

Talon Metals has been awarded a US$2.47 million research and development contract from the Defense Logistics Agency (DLA) to fund scientific research on new approaches for extracting nickel, cobalt, and iron from domestic nickel sulphide ores and tailings. The 15-month project will focus on the Tamarack Nickel Project, which includes a proposed underground nickel-copper mine in Minnesota and a Battery Mineral Processing Facility in North Dakota.

The research aims to develop novel extraction technologies in collaboration with Argonne National Laboratory and Columbia Electrochemical Energy Center. The project will study sulphuric acid and sodium hydroxide recycling technologies, hydrometallurgical precipitation, and Reductive Leach with Electrochemical Reagent Regeneration Technology. The initiative targets producing U.S. nickel for battery materials while reducing process waste and enhancing value recovery.

Talon Metals announces leadership changes effective January 1, 2025. Mike Kicis, current Chief Legal Officer, will succeed Sean Werger as President. Werger is stepping down to become Chief Operating Officer at a Toronto charitable organization but will join Talon's Board of Directors. Kicis, who has been with Talon since 2013, has been instrumental in key partnerships with Rio Tinto, Sweetwater Royalties, Tesla, and securing grants from the US Department of Energy and Defense. The company emphasizes this transition will be seamless, maintaining continuity in leadership while positioning Talon for its next growth phase.

Talon Metals reports significant copper-nickel mineralization from three drill holes at its Boulderdash target in Michigan's Upper Peninsula. Notable findings include a 110.3-meter mineralized interval from 9.59 meters depth in hole 24BD0003, and multiple mineralized intervals in hole 24BD0004, including a 61.91-meter section with 3-25% sulphides. The discovery of copper-nickel massive sulphide rip-up clasts and veins suggests the presence of a larger copper-nickel massive sulphide body. The mineralized dyke appears to be 40-50 meters wide, similar to Michigan's Eagle nickel-copper deposit.

Talon Metals reported financial results for Q3 2024, showing a net loss of $0.6 million compared to $0.5 million in Q3 2023. The nine-month loss was $1.6 million, slightly improved from $1.7 million in the previous year. The company recorded a $3.7 million credit in capitalized exploration costs for the Tamarack Nickel-Copper-Cobalt Project, primarily due to a $10.5 million royalty sale. Total capitalized exploration costs for the Tamarack project reached $213.2 million by September 30, 2024.

Talon Metals has made a significant copper-nickel discovery at its Boulderdash target in Michigan's Upper Peninsula. The maiden drill hole intercepted 99.92 meters of mineralization starting at just 9.14 meters depth, including 48.00 meters grading 2.11% Copper Equivalent. The discovery site is located 8 miles northwest of the Eagle Nickel Mine, the only operating nickel mine in the U.S. The target was identified through field prospecting and geophysical techniques, tracing mineralized boulders to their source. This discovery is part of Talon's option agreement with UPX Minerals to acquire up to 80% ownership interest in approximately 400,000 acres of mineral rights in Michigan.

Talon Metals Corp. (TSX: TLO) reported its financial results for Q2 2024. The company experienced a net loss of $0.7 million for the quarter ended June 30, 2024, compared to a $0.6 million loss in the same period of 2023. For the six-month period, the net loss was $1.0 million, down from $1.2 million in the previous year. Capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project amounted to $6.1 million for Q2 2024, a decrease from $10.7 million in Q2 2023. The total capitalized exploration cost for the project reached $219.9 million as of June 30, 2024. The company's financial statements and Management's Discussion and Analysis are available on SEDAR+.

Talon Metals Corp. (TSX: TLO) has announced a partnership with Circulor to implement traceability technology for its nickel production. This collaboration aims to ensure that Talon's minerals, including nickel, copper, and other by-products, are traceable throughout the supply chain from mine to recycling.

The partnership addresses growing concerns over responsible sourcing in the EV battery industry, particularly in light of recent issues with nickel production in Indonesia. By using Circulor's technology, Talon can provide verifiable records of its high production standards in the United States, meeting requirements for various regulations including the EU's Battery Regulation and the US IRA.

This initiative supports the development of a secure domestic supply chain for critical minerals and positions Talon's production to meet stringent international standards. The traceability system will also contribute to future recycling efforts by ensuring that the provenance and production standards of minerals can be traced throughout their lifecycle.