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Talon Metals Corp (TLOFF) is a TSX-listed base metals company, operating the Tamarack Nickel-Copper-Cobalt Project in Minnesota. They focus on expanding their high-grade nickel resource and exploring new mineralization areas like the Raptor Zone and the Roland Target in Michigan. The company is heavily investing in geophysical research and exploration efforts, with a strong commitment to community engagement, transparency, and responsible mining practices.
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Talon Metals Corp. has signed a definitive agreement with the US Department of Energy for $114,846,344 in grant funding to build a battery minerals processing facility in Mercer County, North Dakota. The facility will expand and secure the US domestic manufacturing of electric batteries for EVs and grid storage. Talon has commitments to engage with the local community, develop a diverse workforce, and seek input from tribal sovereign nations. The facility will process ore from multiple sources in North America and produce nickel in concentrate for Tesla.
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Talon Metals Corp. continues to progress its discovery of high-grade nickel mineralization in the United States with new drill results from the Raptor Zone. The results include a 139% increase in the thickness of mineralization compared to the previous drill hole. Talon has received a grant of US$20.6 million from the US Department of Defense to support and accelerate exploration efforts. The Company is extremely encouraged by the positive results in the Raptor Zone. Additional drilling is planned to expand the mineralization in this new area.
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Talon Metals Corp.'s CEO to participate in IEA Critical Minerals Conference, emphasizing the need for responsible mineral extraction for clean energy systems.
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Talon Metals Corp. secures US$20.6 million in DOD funding to accelerate efforts in discovering domestic supply of nickel for US battery manufacturing and defense supply chains. Department of Defense will contribute 50% of the funding over 39 months. Talon aims to challenge Chinese and Russian dominance in nickel supply for clean energy systems. Positive for Talon's stock.
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Talon Metals Corp. successfully drills high-grade nickel-copper mineralization at the Tamarack Nickel Project
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Talon Metals Corp. reported a net loss of $0.6 million for the three months ended June 30, 2023, primarily due to administration expenses. The net loss for the six-month period ended June 30, 2023, was $1.2 million. Capitalized exploration costs for the three months ended June 30, 2023, amounted to $10.7 million.
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FAQ
What is the current stock price of TALON METAL (TLOFF)?
The current stock price of TALON METAL (TLOFF) is $0.0736 as of October 15, 2024.
What is the market cap of TALON METAL (TLOFF)?
The market cap of TALON METAL (TLOFF) is approximately 64.5M.
What is Talon Metals Corp (TLOFF)?
Talon Metals Corp is a TSX-listed company operating the Tamarack Nickel-Copper-Cobalt Project in Minnesota.
What is the focus of Talon Metals Corp?
Talon Metals Corp focuses on expanding their high-grade nickel resource and exploring new mineralization areas like the Raptor Zone and the Roland Target in Michigan.
What are Talon Metals Corp's exploration efforts?
Talon Metals Corp is conducting exploration drilling in both Minnesota and Michigan, leveraging historical data and new insights to uncover high-grade nickel potential.
What is Talon Metals Corp's commitment to community engagement?
Talon Metals Corp is committed to engagement, transparency, and information sharing with local communities and tribal governments where they operate.
What strategic advantages does Talon Metals Corp have?
Talon Metals Corp's in-house capabilities and multiple exploration projects allow for operational efficiencies, risk diversification, and the building of a robust nickel inventory in the USA.
What funding has Talon Metals Corp received?
Talon Metals Corp received funding from the US Department of Defense to support accelerated exploration efforts in both Minnesota and Michigan.
What is the UPX Option Agreement?
Talon Metals Corp entered into the UPX Option Agreement to acquire up to an 80% ownership interest in mineral rights over a land package in Michigan.
Where is Talon Metals Corp currently exploring?
Talon Metals Corp is exploring the Tamarack Nickel-Copper-Cobalt Project in Minnesota and the Talon Michigan Nickel-Copper Properties in Michigan.
Who leads Talon Metals Corp's exploration efforts?
Brian Goldner, COO and Chief Exploration Officer, leads Talon Metals Corp's exploration team in Minnesota and Michigan.
What is Talon Metals Corp's focus on geophysics?
Talon Metals Corp heavily invests in geophysical research to guide exploration efforts and identify new high-grade mineralization.
What are the strategic advantages of Talon Metals Corp's dual exploration efforts?
Exploring in both Minnesota and Michigan allows Talon Metals Corp to maximize resource potential, achieve operational efficiencies, diversify exploration risks, and build a robust nickel inventory in the USA.
TALON METAL CORP
OTC:TLOFF
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64.50M
640.31M
18.55%
16.12%
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