Talon Metals to Buy into Kennecott’s Proposed Tamarack Mine

Twin Cities reported today that Talon Metals Corp. (TSX:TLO) has plans to buy at least 30 percent of Kennecott Mining’s Tamarack project near Tamarack Minnesota. That support will help Kennecot’s proposed copper-nickel-platinum mine move forward, according to Twin Cities.

As quoted in the publication:

Talon will pay $7.5 million for the initial 30 percent stake in the Tamarack project and has agreed to spend another $30 million for additional exploration during the next three years. Utah-based Kennecott has spent the past 14 years obtaining mineral rights and drilling test borings across the boggy terrain located about 45 miles west of Duluth, but the project had been on the back burner for several years with little or no activity.

Click here to read the full Twin Cities article.

Get the Latest Copper Investing Stock Information

Get the latest information about companies associated with Copper Investing delivered directly to your inbox.

Copper - Mine Development
Copper - Prospecting and Exploration
Copper - Resource Definition/Pre Feasibility
Copper - Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Quaterra-Resources-logo

Quaterra Resources

Quaterra Resources Inc. (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) is advancing its 100%-owned flagship Yerington project in Nevada’s Yerington Copper District, one of the world’s most attractive mining jurisdictions.

Connect with this company on the move.

Learn More
Comments

Leave a Reply