Just two and a half weeks after the agreement was announced, the deal is now done between Talon Metals and Lundin Mining.
Talon has now acquired Lundin and the operating Eagle Mine and Humboldt Mill in Michigan.
Here’s a statement from the Executive Chairman of Talon, Henri van Rooyen.
“The completion of the Eagle Mine and Humboldt Mill acquisition is a defining moment for Talon. I am pleased to welcome Darby Stacey as Chief Executive Officer, along with the Eagle and Humboldt mining and processing team, to Talon. This transaction has brought together the positive cash-flow-generating Eagle Mine and Humboldt Mill, the proven operating experience of the Eagle and Humboldt teams, and Talon’s in-house exploration, environmental and permitting capabilities to create the only operating primary nickel-copper company in the United States with meaningful expansion potential. With the transaction now complete, our combined team is positioned to advance our four strategic priorities in parallel – materially extending the Eagle Mine life, accelerating exploration in Michigan and Minnesota, advancing permitting at the Tamarack Nickel-Copper Project and the Beulah Battery Minerals Processing Facility, and progressing engineering toward feasibility study and construction – at a time when it is vitally important to drive decisively toward U.S. critical minerals self-sufficiency.”
Talon is working on an underground nickel copper mine called the Tamarack Project in Aitkin County.
