The latest announcement is out from Talon Metals ( (TSE:TLO) ).
Talon Metals has entered into an exclusivity agreement with Lundin Mining, allowing Lundin to potentially acquire up to a 70% interest in Talon’s Boulderdash and Roland nickel-copper targets in Michigan. This agreement, which follows Talon’s recent exploration successes, involves Lundin advancing $5 million to commence drilling, with the potential for further investment contingent on drilling results. This partnership could enhance Talon’s operational capabilities and industry positioning, while offering Lundin strategic access to promising exploration properties.
More about Talon Metals
Talon Metals Corp. is a company operating in the mining industry, focusing on the exploration and development of nickel and copper resources. The company is primarily engaged in advancing its mineral package in Michigan’s Upper Peninsula, which includes significant exploration targets such as Boulderdash and Roland.
YTD Price Performance: -11.11%
Average Trading Volume: 358,119
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$74.78M
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