Talon Metal Corp. - TLOFF stock
OTC Symbol: TLOFF | OTC Tier: Pink Current | Related ticker symbols: TSX:TLO
Introduction
Talon Metal Corp (OTC: TLOFF, TSX: TLO)is a British Virgin Islands-based mineral exploration company operating in Brazil and the United States. The company focuses on the exploration and development of based mineral properties in the Tamarack nickel-copper-platinum group elements (PGE) project (the Tamarack Project) in Minnesota, the United States. The Tamarack Project consists of Tamarack North Project and the Tamarack South Project. Talon currently owns 51% and holds an earn-in right to acquire up to 60% of the Tamarack Nickel Project. The firm also has a right to purchase an 80% interest in the mineral rights over a land package covering an area of approximately 4,00,000 acres located in the Upper Peninsula of the State of Michigan. It also holds interests in Trairao Project in Brazil. The company was founded on January 1, 2005. Talon is listed on TSX. Its shares are publicly traded in the US over the OTC market under the symbol TLOFF.[1]
Business Operations
The company is currently focused on exploration and mining activities in the Tamarack Project, comprising Tamarack North Project and the Tamarack South Project. Talon is in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project. The project comprises a large land position, 18km of strike length, with high-grade intercepts surrounding the current resource area. The company is dedicated to achieving a milestone of immediate goals which include: (i) expanding and infilling the current high-grade nickel mineralization resource prepared following NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
The company has an active agreement with Tesla Inc. to supply the latter with 75,000 metric tonnes of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over an estimated duration of six years one Talon has achieved commercial level. Talon’s operations are propelled by its ell-qualified experienced exploration, mine development, external affairs, and mine permitting teams.[2]
Tamarack Intrusive Complex
Rio Tinto Group, the world's second-largest metals, and mining corporation made the first discovery of the site in 2008. Exploration activities advanced after the sale of the Eagle Project to Lundin Mining. Talon Metals was appointed by Rio Tinto as the project operator in October 2019. The move came as reinforcement of an innovative joint operation agreement to continue with exploration activities before driving the project to a feasibility study. Talon carried out its first exploration scheme in 2020, intercepting 38 meters of high-grade massive sulfide mineralization with a 7.80NiEq weighted average grade.[3] A discovery of sulphide intercept of 34.9 meters of nickel mineralization at its Tamarack Nickel Copper Project in Minnesota was announced in 2025, exceeding the previous record intercept of 23.44 meters. The drill hole targeted electromagnetic anomalies and showed mineralization similar in grade to a previous drill hole, with additional copper-bearing minerals detected above the massive sulphide zone.[4]
Processing Facility
Subsidiary Talon Nickel (USA) LLC, has secured a 256-acre site from Westmoreland Mining LLC near Beulah, North Dakota, to develop the Beulah Minerals Processing Facility (BMPF) for nickel and other critical minerals. The project, supported by a $114.8 million Department of Energy grant and a $2.47 million award from the Defense Logistics Agency, aims to repurpose a former coal mine site and includes existing rail infrastructure. Permitting is planned for 2025-2026, with construction targeted to start in 2027.[5]
Partnerships
ExoSphere
Talon reported on September 26, 2022, that the company and Fleet Space Technologies had entered an agreement to pilot Fleet's ExoSphere rapid mineral exploration solution at Talon's exploration projects in Minnesota and Michigan. Talon plans to explore high-grade nickel deposits and provide the domestic battery supply chain with nickel and other battery materials needed to fuel the energy transition.[6]
- ↑ Talon Metals Corp Company Profile – Investing.com. Accessed on 10/13/2021.
- ↑ talonmetals.com/About Talon Metals – Talon Metals official Website.
- ↑ 21st Century High-Grade Ni Discoveries – Nickel Metals website. Retrieved on 10/13/2022
- ↑ Investing News Network. Talon Metals Makes Second Historic Discovery in a Month at Tamarack: 34.9 Meters of Massive Nickel Mineralization Intercepted in a New Zone. May 30, 2025. Archive link.
- ↑ Investing News Network. Talon Metals and Westmoreland Mining Sign Land Agreement to Progress North Dakota Minerals Processing Facility. May 30, 2025. Archive link.
- ↑ US EV Battery Supply Chain: Talon and Fleet Space to Pilot Satellite-Enabled Mineral Exploration Technology in the U.S. – Yahoo Finance. Retrieved on 10/13/2022.
