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Talon Metals Update: Strategic Importance of the Tamarack High Grade Nickel-Copper-Cobalt Project to the Future of Transportation in the U.S.A.
Road Town, British Virgin Islands--(Newsfile Corp. - May 7, 2019) - Talon Metals Corp. (TSX: T...
About this update from Talon Metals Corp.
[{"type":"text","content":"Talon Metals Update: Strategic Importance of the Tamarack High Grade Nickel-Copper-Cobalt Project to the Future of Transportation in the U.S.A.Road Town, British Virgin Islands--(Newsfile Corp. - May 7, 2019) - Talon Metals Corp. (TSX: TLO) (\"Talon\" or the \"Company\") is pleased to announce that on May 2, 2019, the Company made a presentation concerning the Tamarack high grade nickel-copper-cobalt project located in Minnesota, USA (the \"Tamarack Project\") to various members of U.S. government, electric vehicle battery and automobile manufacturers at the Benchmark Minerals Summit 2019 (the \"Summit\"). The Summit was entitled \"Securing 21st Century U.S. Supply Chains for EVs and Energy Storage\". A copy of the presentation can be found on the Company's website at: http://talonmetals.com/resources/Benchmark_summit_2019_05_02_FINAL_website.pdfThe private, invitation-only event was held in Washington, D.C. and for the first time ever, brought together U.S. government participants, including U.S. senators and representatives, and other U.S. government agencies with industry and developers of U.S.-based strategically important raw-material assets for electric vehicles, including nickel, cobalt, lithium and graphite. Media was not permitted to attend the event, which was held under Chatham House Rules.\"Present and planned Giga/megafactory electric vehicle battery production is expected to consume 500ktpa of Class 1 nickel by 2023 compared to the estimated 82kt of consumption in 2018,\" said Henri van Rooyen, CEO of Talon. \"One large HPAL plant for limonites can potentially produce 50kt per annum of nickel, should it reach capacity. Even if a new HPAL plant does reach capacity by 2023, it would likely all but make a dent in the forecast demand for Class 1 nickel. Furthermore, it may not be available for electric vehicle battery production within the USA. Contrast that with the Tamarack high-grade nickel-copper-cobalt project, a U.S.-based, low cost source of Class 1 nickel that can help secure the future of electric vehicle production within the USA.\"\"The Tamarack Project is therefore viewed as strategic to the future of electric vehicles and more importantly, the security of batteries for electric vehicles in the USA, given that the Tamarack Project is the only known, undeveloped high-grade nickel-copper-cobalt project o...