Business
Talon Metals to Acquire Lundin Mining's Eagle Mine and Humboldt Mill Operations, Creating a Multi-Asset U.S. Nickel-Copper Company
Tamarack, Minnesota and L'Anse, Michigan--(Newsfile Corp. - December 18, 2025) - Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) (together with its subsidiaries, "Talon" or the "Company") is pleased to announce the signing of a share purchase agreement (the "Share Purchase Agreement") with Lundin Mining Corporation (TSX: LUN) (Stockholm: LUMI) ("Lundin Mining"). The Share Purchase Agreement provides for a transaction (the "Transaction") that will result in the combination of Lundin Mining's...
About this update from Talon International, Inc.
[{"type":"text","content":"Tamarack, Minnesota and L'Anse, Michigan--(Newsfile Corp. - December 18, 2025) - Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) (together with its subsidiaries, "Talon" or the "Company") is pleased to announce the signing of a share purchase agreement (the "Share Purchase Agreement") with Lundin Mining Corporation (TSX: LUN) (Stockholm: LUMI) ("Lundin Mining"). The Share Purchase Agreement provides for a transaction (the "Transaction") that will result in the combination of Lundin Mining's producing Eagle Mine and associated Humboldt Mill with Talon's interest in the Tamarack Nickel-Copper-Cobalt Project (the "Tamarack Nickel-Copper Project") and a prospective exploration land package of over 400,000 acres in Michigan, which includes the Boulderdash nickel/copper discovery 8-miles from the Eagle Mine, and Talon's proposed North Dakota Beulah Minerals Processing Facility (the "BMPF").","length":1000,"tagName":"p"},{"type":"text","content":"KEY TRANSACTION HIGHLIGHTS","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Talon will acquire 100% of the Eagle Mine and Humboldt Mill operations.","length":71,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Talon will issue 275,152,232 common shares to Lundin Mining, representing 18.73% of the Company on a non-diluted basis after the Concurrent Private Placement by the Lundin Family Trust. Together with Lundin Mining's ownership interest in Talon before the Transaction, Lundin Mining will own 19.99% of Talon after closing of the Transaction on a non-diluted basis.","length":367,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"A concurrent Private Placement with the Lundin Family Trust for approximately US$5.6 million in gross proceeds, will result in the Lundin Family Trust owning approximately 1.26% of Talon after closing of the Transaction on a non-diluted basis.","length":243,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Jack Lundin and Juan Andrés Morel, the CEO and COO, respectively, of Lundin Mining will join the Talon Board.","length":109,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Lundin Mining will maintain all financial assurances for the Eagle Mine and Humboldt Mill recla...