Talon Metals Stock Price, News & Analysis

Talon Metals (TLOFF) has secured a 256-acre site and 7-mile rail spur from Westmoreland Mining to develop the Beulah Minerals Processing Facility (BMPF) in North Dakota. The facility, supported by a $114.8M Department of Energy grant and $2.47M Defense Logistics Agency funding, will process nickel and other critical minerals from the Tamarack mine in Minnesota, reducing U.S. dependence on China and Russia.

The project will transform a former coal mine site into a state-of-the-art processing facility, creating up to 150 permanent jobs and hundreds more during construction. Construction is targeted to begin in 2027 following permitting. Under the agreement terms, Talon receives a 3-year purchase option, issuing 15M consideration options to Westmoreland, with a future payment structure of $0.50 per metric ton of delivered ore (capped at $10M).

Talon Metals (TSX: TLO) reported financial results for Q1 2025, posting a net loss of $0.8 million, compared to a $0.3 million loss in Q1 2024. The loss was primarily attributed to administration expenses and stock option compensation. The company's main project, the Tamarack Nickel-Copper-Cobalt Project, saw capitalized exploration and development costs of $5.8 million in Q1 2025, consisting of $7.0 million in costs offset by $1.2 million in government grants. This compares to $6.8 million in Q1 2024. The total capitalized cost for the Tamarack Project has reached $237.7 million as of March 31, 2025.

Talon Metals (TLOFF) has announced potential extensions of high-grade nickel-copper mineralization beyond the Tamarack Resource Area in Minnesota. A new drill hole (25TK0555) has intercepted 1.9 meters of massive sulphide with approximately 70% sulphide content, located 27 meters east of previous drill hole 13TK0171.

The historical drill hole 13TK0171 had previously intercepted 7.74m of massive sulphide assaying 8.01% Ni, 2.87% Cu, 1.16 ppm Pd+Pt+Au or 9.51% NiEq. A strong off-hole Borehole Electromagnetic (BHEM) conductor suggests mineralization may extend further east.

The company plans to continue feasibility study drilling while preparing to mobilize three of its five drill rigs to Michigan's Boulderdash target. This development aligns with Talon's strategy to develop domestic critical minerals supply chains in the United States.

Talon Metals (TLOFF) has announced significant nickel-copper mineralization discovery during feasibility study drilling at the Tamarack Project in Minnesota. The company intercepted a 16.09-meter mixed massive sulphide in the CGO East Zone at a depth of 359.16 meters, containing 10% to 80% sulphide content.

The intercept's position below the existing shallow Tamarack Resource Area suggests a potential 'waterfall' draining the CGO East Zone mineralization, similar to the CGO West Zone. This could add tonnage early in the Tamarack mine life with minimal additional costs.

The discovery was made using Provus, a 3-D BHEM software package developed by Novaminex in partnership with Talon. Additionally, the company has extended its exclusivity period with Lundin Mining until April 30, 2025, regarding potential earn-in agreements for the Boulderdash and Roland exploration targets near Lundin's Eagle Mine.

Talon Metals Corp. (TSX: TLO) has reported its financial results for the year ended December 31, 2024. The company recorded a net loss of $2.3 million, unchanged from 2023, primarily due to administration expenses and stock option compensation, partially offset by foreign currency gains and interest income.

The company's Tamarack Nickel-Copper-Cobalt Project saw capitalized exploration and development costs of $13.9 million in 2024, significantly lower than the $44.2 million in 2023. This was offset by a royalty sale to Triple Flag USA Royalties for net proceeds of $10.5 million and government grants of $4.6 million. The total capitalized exploration cost for the Tamarack Project has reached $232.1 million as of December 31, 2024.

Talon Metals (TLOFF) has announced a significant discovery at its Tamarack Nickel-Copper-Cobalt Project in Minnesota. The company intercepted an exceptional 8.25 meters of massive sulphide with 95% sulphide content during feasibility study drilling, located approximately 150 meters below and 50 meters south of known mineralization.

The discovery is particularly notable as it could represent one of the highest-grade nickel and copper mineralization found at the project to date. The intercept was found at a depth of 707.75 meters through the extension of historic drill hole 16TK0250, guided by Borehole Electromagnetic (EM) survey data.

This new zone could be laterally extensive due to drilling in the area. A Borehole EM survey has identified a strong off-hole conductor, suggesting potential high-grade mineralization. Follow-up drilling is currently underway to explore this anomaly.

Talon Metals (TLOFF) has entered into an exclusivity agreement with Lundin Mining for potential 70% ownership in the Boulderdash and Roland exploration targets near Lundin's Eagle Mine. Lundin has advanced $5M to Talon to commence drilling once the Option Agreement is finalized.

The agreement covers 33,000 acres of Talon's 400,000-acre Michigan Land Package. Key terms include:

• Lundin to fund up to 30,000 meters of drilling
• After each 10,000 meters, Lundin can decide to proceed with earn-in
• Once Talon earns 51% interest in Michigan Land Package, Lundin will earn 44.625% interest in Optioned Properties
• Lundin can earn additional 25.375% (total 70%) by funding feasibility study
• Talon will retain 10% ownership

If no agreement is reached by March 31, 2025, Talon will either repay $5M or issue equivalent shares based on 5-day VWAP on TSX.