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US EV Batterysupply Chain: Talon Metals Acquires Exploration Rights from Sweetwater Royalties to Explore Historic Henry Ford Land Package in Michigan
400,000 Acre Land Package in a Highly Prospective Nickel District, Currently Host to the Only ...
About this update from Talon Metals Corp.
[{"type":"text","content":"US EV Batterysupply Chain: Talon Metals Acquires Exploration Rights from Sweetwater Royalties to Explore Historic Henry Ford Land Package in Michigan400,000 Acre Land Package in a Highly Prospective Nickel District, Currently Host to the Only Operating High-Grade Nickel Mine in the USATamarack, Minnesota--(Newsfile Corp. - August 10, 2022) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (\"Talon\" or the \"Company\") is pleased to announce that it has entered into an option and earn-in agreement (the \"Option Agreement\") with UPX Minerals Inc. (a wholly-owned subsidiary of Sweetwater Royalties) (\"UPX\") to acquire up to an 80% ownership interest in the mineral rights over a land package comprised of approximately 400,000 acres located in the Upper Peninsula of the State of Michigan (the \"Michigan Nickel Properties\"). This land package covers a highly prospective terrain within 1.7 miles (2.8km) of the high-grade Eagle Nickel Mine (the only active nickel mine in the USA today) and is only 0.4 miles (0.6km) from the Humboldt Mill (the concentrator which currently processes the raw nickel ore that is trucked from the Eagle Nickel Mine). The deal comes with a very large high quality geophysical data package and access to historic drill core that contain multiple high-grade nickel intercepts up to 7.4% Ni (i.e., similar grades to the Company's Tamarack Nickel Project in Minnesota, USA). The land package was originally assembled by Henry Ford and owned for approximately 70 years by the Ford Motor Company.Johnny DeCooman, President and CEO of Sweetwater Royalties, said: \"After a competitive exploration partner search, we selected Talon's proposal due to their track record for delivering exploration success. The Talon team have extraordinary in-house geophysics, geology and drilling capabilities to advance several targets as already demonstrated by their success at the Tamarack Nickel Project in Minnesota. We believe that Talon is ideally positioned to identify and prove out numerous high-grade nickel deposits near the only USA nickel processing facility.\"Henri van Rooyen, CEO of Talon, said: \"Talon's acquisition of the Michigan Nickel Properties is directly responsive to Senator Manchin and other national leaders on both sides of the aisle to take urgent action to establish a battery mineral supply chain from mine to battery w...