Talon Metals Announces Results of AGM
Talon Metals Announces Results of AGM
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - June 25, 2025) - Talon Metals Corp. (TSX:
TLO) ("
Talon
" or the "Company") is pleased to announce the results of its annual and special meeting of
shareholders ("
AGM
") held today.
All of the nominee directors listed in Talon's management information circular dated May 14, 2025 were
elected as directors.
The results of the shares voted in respect of the election of each director were as
follows:
Name of Nominee
Votes For
Votes Withheld
David L. Deisley
306,442,352
(99.17%)
2,556,421
(0.83%)
Arne H. Frandsen
279,281,508
(90.38%)
29,717,265
(9.62%)
John D. Kaplan
279,288,738
(90.39%)
29,710,035
(9.61%)
Gregory S. Kinross
303,144,142
(98.11%)
5,854,631
(1.89%)
Warren E. Newfield
306,460,158
(99.18%)
2,538,615
(0.82%)
Henri van Rooyen
306,540,834
(99.20%)
2,457,939
(0.80%)
David E. Singer
303,092,707
(98.09%)
5,906,066
(1.91%)
Sean N. Werger
306,459,278
(99.18%)
2,539,495
(0.82%)
Frank D. Wheatley
306,304,989
(99.13%)
2,693,784
(0.87%)
Furthermore at the AGM, shareholders of the Company, by a majority of votes cast:
voted in favour of authorizing the Company to effect a consolidation of the common shares of the
Company on the basis of one (1) post-consolidation common share of the Company for up to ten
(10) pre-consolidation common shares, as determined by the directors of the Company, in their
sole discretion;
excluding the votes attaching to the common shares of the Company held by insiders and their
associates, approved the issuance of all unallocated options issuable, from time to time, under the
Company's stock option plan until June 25, 2028, and
voted in favour of appointing MNP LLP as auditors of the Company for the ensuing year and
authorizing the directors to fix their remuneration.
For greater certainty and notwithstanding the foregoing, the directors of the Company have not yet
determined to effect the consolidation and may elect not to proceed with the consolidation, in their sole
discretion (subject to fiduciary and statutory duties). The directors will continue to assess market
conditions and the interests of the Company and shareholders before proceeding to effect the
consolidation, if at all. To be effective, the consolidation must also be approved by the Toronto Stock
Exchange.
ABOUT TALON
Talon is a TSX-listed base metals company in a joint venture with
Rio Tinto
on the high-grade
Tamarack
Nickel-Copper-Cobalt Project
located in central Minnesota. Talon's shares are also traded in the US
over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land
position (18km of strike length) with additional high-grade intercepts
outside the current resource area
.
Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%.
Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource
prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators,
and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.
Talon has a
neutrality and workforce development agreement
in place with the United Steelworkers
union. Talon's Beulah Mineral Processing Facility in Mercer County was
selected by the US Department
of Energy
for a US$114.8 million funding grant from the Bipartisan Infrastructure Law and the
US
Department of Defense awarded Talon a grant of US$20.6 million
to support and accelerate Talon's
exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration,
mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at
www.talonmetals.com
or
contact:
Mike Kicis
1 (647) 968-0060
Email:
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256792