Talon Commends U.S. Action on Battery Supply Chain as President Biden Signs Bipartisan Infrastructure Bill, Adds Nickel to Critical Mineral List
Talon Commends U.S. Action on Battery
Supply Chain as President Biden Signs
Bipartisan Infrastructure Bill, Adds Nickel to
Critical Mineral List
Tamarack, Minnesota--(Newsfile Corp. - November 15, 2021) - Talon Metals Corp.
(TSX: TLO) (OTC
Pink: TLOFF) (
"Talon"
or the
"Company"
), the majority owner and operator of the Tamarack Nickel-
Copper-Cobalt Project ("
Tamarack Nickel Project
") in central Minnesota, commends President Joe
Biden and the U.S. Congress for passing bipartisan infrastructure legislation (H.R. 3684,
Infrastructure
Investment and Jobs Act
).
President Biden signed the bipartisan legislation into law today. The
legislation contains significant funding support for electric vehicle (
"EV"
) adoption, EV battery charging
infrastructure and over US $6 billion for developing battery materials processing capacity in the U.S.,
including nickel.
In a separate but related development, the Biden Administration last week moved to
add nickel to the U.S. Critical Minerals List as part of a comprehensive review of supply chain security in
critical minerals.
Henri van Rooyen, CEO of Talon, said:
"The bipartisan infrastructure bill is a major contribution to the
competitive position of the United States in the transition to clean transportation. It invests significantly
in transportation infrastructure, support for electric vehicle adoption and charging infrastructure in
addition to over $6 billion for EV battery materials and critical mineral processing. This funding will
help jump-start North America's developing battery supply chain from mine to recycling."
Van Rooyen continued:
"Members from both parties backed funding for critical minerals processing,
which will allow the U.S. to leap-frog legacy processing approaches and deploy modern, lower carbon
technology at large scale to ensure security of domestic supply in essential battery materials like
nickel. Talon is ready to work with potential technology partners and the U.S. government to build
nickel processing capacity that will establish the U.S. as a global leader in battery manufacturing for
both EVs and energy storage. Congress has recognized the potential of a critical mineral supply
chain crisis at just the right time and acted to secure U.S. leadership in critical minerals. The Biden
Administration has also prudently moved to add nickel to the U.S. Critical Minerals List, which will
help to ensure that nickel mining and processing is a priority."
Talon's Head of Climate Strategy Todd Malan commented:
"The bipartisan infrastructure bill not only
supports U.S. leadership in EV battery materials, but it also provides significant funding for Direct Air
Capture and carbon storage. Negative emissions technology like Direct Air Capture coupled with
permanent storage like carbon mineralization is another strategic investment in the fight against
climate change. Given its unique geology, Minnesota can be at the forefront of this new approach."
Talon and Carbon Capture Inc. recently entered into an agreement covering the testing of Carbon
Capture's U.S.-developed, low-cost Direct Air Capture technology at the Tamarack Nickel Project in
Aitkin County, Minnesota. Talon is conducting fundamental R&D on carbon reactive rocks in the
Tamarack Intrusive Complex to convert carbon dioxide captured from the atmosphere to solid rock form
for purposes of carbon storage. Talon believes that mine tailings from a future underground mine at the
Tamarack Nickel Project used as backfill material will have the natural capability to convert carbon to
solid form. Carbonated tailings could both help secure mine operations and store significant amounts of
carbon in stone form. Talon expects to provide regular updates to regulators, community members and
investors on carbon mineralization studies.
ABOUT TALON
Talon is a TSX-listed base metals company developing the high-grade
Tamarack Nickel-Copper-Cobalt
Project
located in central Minnesota. Talon has an earn-in to acquire up to 60% of the Tamarack Project,
and currently owns 51% of the Tamarack Project. The Tamarack Project comprises a large land position
(18km of strike length) with numerous high-grade intercepts
outside the current resource area
. Talon is
focused on expanding its current high-grade nickel mineralization resource prepared in accordance with
NI 43-101; identifying additional high-grade nickel mineralization; and developing responsible
processing capabilities in the United States. Talon has a well-qualified exploration and mine
management team with extensive experience in project development. For additional information on
Talon, please visit the Company's website at
www.talonmetals.com
.
Media Contact:
Todd Malan
1-(202)-714-8187
Investor Contact:
Sean Werger
1-(416)-361-9636 x102
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements
of historical fact that address activities, events or developments that the Company believes, expects or
anticipates will or may occur in the future are forward-looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Company based on information currently
available to the Company. Such forward-looking statements include statements relating to the addition of
nickel to the U.S. Critical Minerals List, the development of battery materials processing capacity in the
US, the US becoming a global leader in battery manufacturing, the priority of nickel mining and
processing in the US, the belief that mine tailings from the Tamarack Project have the natural capability
to convert carbon to solid form and store significant amounts of carbon, the provision of regular updates
to regulators, community members and investors on carbon mineralization studies. Forward-looking
statements are subject to significant risks and uncertainties and other factors that could cause the actual
results to differ materially from those discussed in the forward-looking statements, and even if such
actual results are realized or substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
Although the Company believes that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/103672