Talon Metals: Fallen Angel Transforming Into A Diamond In The Rough

Digging into Talon Metals (TSX:TLO, OTC:TLOFF) as the company begins to get its mojo back after a new massive-sulphide discovery

A company that I had almost given up on a couple months ago has suddenly sprung back to life with a new massive sulphide discovery at its Minnesota nickel-copper-cobalt-PGE project. Talon Metals (TSX:TLO, OTC:TLOFF) was once a high-flyer back during the 2020-2022 time period when battery metals were in vogue and nickel prices were much higher than they are today:

TLO.TO (Weekly)

The Tamarack Nickel Project comprises a large land position (18 kilometers of strike length) with high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.

By delivering a Feasibility Study (FS) and paying Rio Tinto US$10 million by March 2026, Talon will earn its full 60% ownership of the Tamarack Project. The company is currently well on its way toward delivering the FS by the end of this year.

In this article, I delve into Talon and unpack some of the company’s recent challenges, as well as several unusual opportunities that are suddenly present.