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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
