https://www.miningweekly.com

Talon to raise cash for Minnesota nickel project

21st January 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

TSX-listed base metals company Talon Metals has announced a C$27.5-million bought-deal public offering and a concurrent private placement to advance its Tamarack nickel project, in the US.

A syndicate of underwriters, led by TD Securities, has agreed to purchase 38.2-million shares on a bought-deal basis at C$0.72 each, the nickel company says.

The underwriters have been granted an over-allotment option for an additional 5.73-million shares.

Concurrently with the closing of the offering, Talon intends to complete a non-brokered private placement of about $6.4-million of shares at the issue price with Pallinghurst, which will result in the metals investment group maintaining its ownership of 19% in the corporation.

Talon owns the Tamarack nickel/copper/cobalt project in a joint venture with diversified major Rio Tinto. It has the right to acquire up to 60% in the project and currently owns 51%.

Last week, Talon entered into an agreement to supply US-based electric vehicle producer Tesla with nickel from the mine.  

The base metals company's stock fell 6% on Thursday, closing at $0.75 a share.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Showroom

Tsurumi Pumps Africa
Tsurumi Pumps Africa

Tsurumi Pumps Africa is a specialist supplier of Japanese-engineered submersible pumping solutions, serving customers across the African continent.

VISIT SHOWROOM 
ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 07 August 2026
Magazine round up | 07 August 2026
7th August 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.051 0.073s - 128pq - 2rq
Subscribe Now