Talon Metals Receives an Option to Purchase the Tamarack Project

Talon Metals (TSX: TLO) (“Talon” or the “Company”) is pleased to provide an update on the Tamarack Nickel-Copper-PGE project (“Tamarack Project”), located in Minnesota, USA. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project.
Talon currently owns an 18.45% interest in the Tamarack Project. Talon’s wholly owned subsidiary, Talon Nickel (USA) LLC (“Talon Nickel”), has received formal notification from Kennecott Exploration Company (“KEX”) that KEX has elected to grant Talon Nickel the exclusive option (the “Purchase Option”) to purchase KEX’s 81.55% interest in the Tamarack Project (which would give Talon Nickel a 100% interest in the Tamarack Project) for a total purchase price of US$114,000,000 on the terms and conditions set forth under the Exploration and Option Agreement between KEX and Talon Nickel.
Company President Sean Werger said:

 “Talon is in the unique and exciting positon to either own 100% of the Tamarack Project or become a joint venture partner with Rio Tinto under the Mining Venture Agreement.
We look forward to updating shareholders as we come to a decision. In either case, we believe this is the start of an exciting new chapter for the Company.”

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