Talon Receives Extension for Decision on Tamarack Nickel-Copper-PGMs Project

Talon Metals Corp. (TSX:TLO) announced that Kennecott Exploration Company has agreed to allow it to postpone its decision on whether to purchase Kennecott’s 81.55-percent stake in the Tamarack nickel-copper-PGMs project until December 31, 2017.
As quoted in the press release:

As previously announced on September 25, 2017, Talon’s wholly owned subsidiary, Talon Nickel (USA) LLC (“Talon Nickel”), has received the exclusive option (the “Purchase Option”) to purchase Kennecott Exploration Company’s (“KEX”) 81.55% interest in the Tamarack Project (which would give Talon Nickel a 100% interest in the Tamarack Project) on the terms and conditions set forth under the Exploration and Option Agreement between KEX and Talon Nickel (the “Exploration and Option Agreement”).
Previously, Talon Nickel had until November 6, 2017 to make an election as to whether it will exercise the Purchase Option. However, following a request by Talon for an extension of time to make its election, KEX has agreed to grant Talon Nickel until December 31, 2017. In return for this accommodation by KEX, Talon Nickel has agreed to grant KEX a 0.5% NSR in the event Talon Nickel exercises the Purchase Option.

Click here to read the full Talon Metals Corp. (TSX:TLO) press release.