Talon Metals Corp's Tamarack Nickel Project (Tamarack Nickel Project) purchased three new drilling rigs. The new rigs will be used to expand Talon's exploration of the Tamarack Intrusive Complex for additional high-grade nickel, copper and cobalt.

Talon CEO Henri van Rooyen said: “The need to secure a domestic source of battery minerals such as nickel has become more urgent. Climate change is accelerating and the United States is dependent on foreign countries for key ingredients needed for clean energy and battery storage. Bipartisan in Congress With support, President Biden recently elevated domestic procurement of battery materials such as nickel to a national priority. “Our investment in Minnesota in new equipment, people and technology to explore battery minerals addresses this national priority and goal. "

He continued: “Talon’s in-house geology and geophysics team has established an initial high-grade nickel-copper mineralisation at the Tamarack nickel project, which will supply Tesla and potential other customers. Investing in new rigs and hiring people to deploy them 24/7 will hopefully confirm our geologists' view that Tamarack is a "regional-scale" resource similar to what other large nickel sulfide mines in Canada and Russia have proven. There are many high-grade mineralized zones."

Brian Goldner, Chief Exploration and Operations Officer at Talon, said: “Over the past two years, our in-house drilling and geology teams have been targeting and successfully hitting the Tamarack high-grade nickel-copper mine. Based on last year’s metrics alone, we have increased our hit rate from 50% A 95% improvement drilled a record 33,000 meters while intersecting a record amount of high-grade massive sulfide. With these new rigs, we plan to surpass past milestones and hope to demonstrate what Minnesota can do for the clean energy transition Contribute more and become a domestic source of infinitely recyclable battery materials such as nickel, copper, cobalt and iron.”

Talon, a base metals company listed on the Toronto Stock Exchange, has entered into a joint venture with Rio Tinto at the Tamarack nickel-copper-cobalt project in Minnesota. Talon is entitled to up to 60% of the Tamarack Nickel Project and currently owns 51%. Talon is focused on expanding high-grade nickel mineralized resources to develop a mine plan to be submitted to Minnesota regulators. Talon has reached an agreement with Tesla Inc. to supply it within six years once commercial production is achieved from the Tamarack Nickel Project. 75,000 metric tons (165 million pounds) of nickel concentrate (and certain by-products, including cobalt and iron).