Talon Metals Corp. · TSX:TLO
Talon Metals — Merger or Acquisition (December 2025)
10 slides from Talon Metals's merger presentation, Dec 18, 2025
Slide 1: Creating a Multi-Asset U.S. Nickel-Copper Company
TSX:TLO OTC:TLOFF TSX:TLO : OTC:TLOFF Creating a Multi-Asset U.S. Nickel-Copper Company Uniting Lundin Mining’s Eagle Mine and Humboldt Mill with Talon’s Tamarack Nickel-Copper Project, Beulah Minerals Processing Facility and Michigan and Minnesota exploration assets in direct response to the need f
Slide 2: Conditions of Presentation and QP
Conditions of Presentation and QP TSX:TLO OTC:TLOFF This presentation has been prepared by Talon Metals Corp. (together with its affiliates, “Talon” or the “Company”) and is being delivered for informational purposes only. The information contained herein may be subject to updating, completion, revi
Slide 3: Forward-Looking Information
Forward-Looking Information TSX:TLO OTC:TLOFF This presentation contains certain “forward-looking statements”. All statements, other than Factors that could cause actual results or events to differ materially from current expectations statements of historical fact that address activities, events or
Slide 4: Talon Metals to Acquire Lundin Mining's Eagle Mine & Humboldt Mill
Talon Metals to Acquire Lundin Mining’s Eagle Mine & Humboldt Mill TSX:TLO OTC:TLOFF Creating a Multi-Asset U.S. Nickel-Copper Company Immediate Transition to Cash-Flowing Operations Post-closing, Talon transitions from a single-asset developer to a producing U.S. nickel-copper company through the E
Slide 5: Key Terms of Transaction
Key Terms of Transaction Acquisition of Eagle Mine & Humboldt Mill TSX:TLO OTC:TLOFF • Talon Metals (USA) Inc., a subsidiary of Talon, will acquire all the issued and outstanding shares of Lundin Mining US Ltd., a subsidiary of Lundin Transaction Mining, that owns 100% of the Eagle Mine and Humboldt
Slide 6: Pro Forma Capitalization
Pro Forma Capitalization Lundin Mining will become Talon’s Largest Shareholder at 19.99%(1) TSX:TLO OTC:TLOFF (2) Pro Forma Ownership(1) Share Structure Pre-Consolidation Post-Consolidation Basic Shares Outstanding 1,175.3M 117.5M Shares to be issued to Lundin Mining for the Lundin 275.15M 27.5M Min
Slide 7: Eagle Mine and Humboldt Mill History of Successful and Environmentally Responsible Operations
Eagle Mine and Humboldt Mill History of Successful and Environmentally Responsible Operations TSX:TLO OTC:TLOFF • Only primary nickel mine in the U.S. with significant copper, cobalt and PGM’s byproducts – producing ore at a rate of 2,000 tonnes per day. • Operations began in 2014 with a seven year
Slide 8: Vision: Two U.S. Nickel Mines, Two U.S. Processing Facilities
Vision: Two U.S. Nickel Mines, Two U.S. Processing Facilities Extending Eagle Mine Life Through Modern Practices TSX:TLO OTC:TLOFF Ongoing efficiency improvements and optimizations are expected to extend the mine’s life to maintain full capacity Eagle Mine, at the Humboldt Mill. Beulah Minerals Tama
Slide 9: U.S. Government Grant Funding
U.S. Government Grant Funding TSX:TLO OTC:TLOFF Bipartisan project support through Federal government grants spanning multiple Administrations to support exploration, engineering, environmental studies and construction Grant Nature Amount Received Remaining Amounts in USD millions (US$M) to date exp
Slide 10: Summary: Creating an American Nickel-Copper Champion
Summary: Creating an American Nickel-Copper Champion TSX:TLO • Strategic Importance to the United States: Two Mines, Two OTC:TLOFF Processing Facilities Vision • A unified operating and exploration team advancing a clear path toward two U.S. nickel-copper mines and two U.S. processing facilities. •