Acquisition Of The Eagle Mine & Humboldt Mill Operations

TAMARACK, MN – Talon Metals Corp. reported signing of a share purchase agreement with Lundin Mining Corporation that will result in the combination of Lundin Mining’s producing Eagle Mine and associated Humboldt Mill with Talon’s interest in the Tamarack Nickel-Copper-Cobalt Project and a prospective exploration land package of over 400,000 acres in Michigan, which includes the Boulderdash nickel/copper discovery 8-miles from the Eagle Mine, and Talon’s proposed North Dakota Beulah Minerals Processing Facility (BMPF).
“This transaction brings together the positive cash-flow-generating Eagle Mine and Humboldt Mill, the proven operating experience of the Eagle and Humboldt teams, and Talon’s in-house exploration capabilities to create the only operating primary nickel-copper company in the United States with expansion potential,” said Henri van Rooyen, Chief Executive Officer. “The integration enables our combined team to advance our four strategic priorities in parallel – extending the Eagle mine life, accelerating exploration in Michigan and in Minnesota, advancing permitting at the Tamarack Nickel-Copper Project and the Beulah Minerals Processing Facility, and progressing engineering towards feasibility study and construction.”