Talon Metals Is Finding More Domestic Nickel

Mentioned:

Talon Metals has one of the most important nickel projects in the United States. And their flagship property in Minnesota keeps delivering more discoveries.

‍What’s happening:‍

Talon Metals (TSX:TLO) has announced they have discovered more nickel at their flagship Tamarack nickel project

By the numbers:‍

14 new drill holes have intersected copper and nickel mineralization at Talon’s flagship Tamarack property located in Central Minnesota

Why it matters:‍

Due to the policies of the United States Inflation Reduction Act, electric vehicle manufacturers need to source domestic nickel supply in order to qualify for available tax credits
Domestic nickel supply in the United States is relatively scarce, which has put an increased importance on Talon Metal’s properties in both Minnesota and Michigan

Going deeper:‍

The new discoveries from Talon Metal’s closely follows their recent announcement of ramping up and expanding their exploration plans
Electric vehicle manufacturer Tesla (NASDAQ: TSLA) previously entered into a notable offtake agreement with Talon Metals to secure domestic nickel supply

The intrigue:‍

Both battery manufacturing companies and electric vehicle automakers globally have been making moves to ensure they have domestic nickel supply, which has spurred a race to align with publicly traded North American based nickel exploration companies

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