Business
Lundin Mining Completes the Sale of the Eagle Mine and Humboldt Mill to Talon Metals
Lundin Mining Completes the Sale of the Eagle Mine and Humboldt Mill to Talon Metals Cana...
About this update from Lundin Mining Corporation
[{"type":"text","content":"\n\n\nLundin Mining Completes the Sale of the Eagle Mine and Humboldt Mill to Talon Metals\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\nVANCOUVER, BC, Jan. 9, 2026 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (\"Lundin Mining\" or the \"Company\") is pleased to announce the completion of the previously announced sale of its subsidiary Lundin Mining US Ltd. which indirectly holds the Eagle mine and Humboldt mill to Talon Metals Corp. (\"Talon\"). At closing, Lundin Mining received 275,152,232 common shares of Talon which, together with the shares previously held by the Company, represents approximately 19.86% of the issued and outstanding shares of Talon (the \"Transaction\"). The implied valuation of the share consideration is approximately US$127.0 million, based on the five-day volume-weighted average share price of Talon as of January 8, 2026.\nJack Lundin, President and CEO, commented \"We are pleased to see this transaction successfully completed and are confident that the alignment of these assets and the complementary skill sets of the teams will lead to sustained value generation in the region for all stakeholders involved. We look forward to supporting Darby and the rest of the Talon team on this exciting new journey. With this milestone completed, Lundin Mining is positioned as pure-play copper company with our existing operations along with a clear growth strategy to become a global top-ten copper producer through the development of the Vicuña District.\"\nDarby Stacey, CEO, Talon, commented \"I want to thank Lundin Mining for the leadership, support, and guidance over the past 13 years that has enabled the Eagle team to confidently take on the next challenge. Together with the established and successful Talon Metals team, I am genuinely excited about the future and what we will accomplish. Congratulations to everyone involved that made this happen!\"\nUnder the terms of the Transaction, as consideration Lundin Mining received 275,152,232 shares, representing approximately 18.61% of Talon's issued and ...