• Talon Metals (TLO) subsidiary, Talon Nickel LLC, has been selected by the U.S. Department of Energy to receive US$114 Million in funding
  • The company will expand domestic manufacturing of batteries for electric vehicles and the electrical grid and materials and components
  • The subsidiary’s grant application proposed an ore processing and tailings management facility at an existing site in North Dakota
  • The government’s grant will cover roughly 27 per cent of the project’s costs
  • Talon Metals Corp.’s (TLO) is up 17.17 per cent and is trading at $0.58 per share as of 3:54 p.m. ET

Talon Metals (TLO) subsidiary, Talon Nickel LLC, has been selected by the U.S. Department of Energy for US$114 Million in funding.

The company will expand domestic manufacturing of batteries for electric vehicles and the electrical grid and materials and components currently imported from other countries.

The subsidiary submitted its application for funding back in July. The application proposed an ore processing and tailings management facility at an existing industrial brownfields site in North Dakota.

The site would receive feedstock from the company’s underground Tamarack mine in central Minnesota and other potential sources in North America.

Henri van Rooyen, CEO of Talon, commented,

“This national urgency and the target date for nickel and iron production set within our Tesla-Talon supply agreement required an innovative approach to bring a new domestic source of battery minerals into production… Today’s announcement is a clear recognition that production of domestic nickel and other battery minerals is a national priority.”

The government’s grant will cover roughly 27 per cent of the project’s costs.

The company stated its acquisition of the North Dakota side is actively under negotiations.

Talon Metals Corp.’s (TLO) is up 17.17 per cent and is trading at $0.58 per share as of 3:54 p.m. ET.


More From The Market Online

Metals Creek hits visible gold at Shabaqua Corners Gold Project

Metals Creek Resources (TSXV:MEK) reveals drill results for the Shabaqua Corners Gold Property in Ontario.
silver ingot bars on economy and finance line chart surface

2024, a breakthrough year for silver

Silver has been on an incredible bull run this year, and market experts have indicated that this is just the beginning of the silver…

Green Battery Minerals sees opportunity from U.S. tariffs on China

With the White House’s recent tariffs on Chinese graphite imports, Green Battery Minerals (TSXV:GEM) is touting its domestic project.

BTU Metals acquires 2 gold properties in Ontario

BTU Metals (TSXV:BTU) finalizes its acquisitions of two large gold exploration projects in the Wawa gold district in Ontario.