Talon Metals Makes Initial US$6 Million Payment to Kennecott Exploration (A Subsidiary of the Rio Tinto Group)

Road Town, British Virgin Islands–(Newsfile Corp. – March 13, 2019) – Talon Metals Corp. (TSX: TLO) announced today that its wholly owne

Source: www.juniorminingnetwork.com

Talon Nickel (USA) LLC, a subsidiary of Talon Metals Corp, made an initial upfront payment of US$6 million and issued 25.03 million shares worth US$1.5 million to Kennecott Exploration Company, a subsidiary of the Rio Tinto Group. The payments were made pursuant to an option agreement and gives Talon Nickel a 60% interest in the Tamarack Project in Minnesota, US. Talon will work with Kennecott to advance the Tamarack Project with the goal of producing Class 1 nickel, as well as copper and cobalt, for the electric vehicle and stationary battery market.