Talon Metals Announces Results of Special Meeting and Closing of Private Placement
Talon Metals Announces Results of Special
Meeting and Closing of Private Placement
Tortola, British Virgin Islands--(Newsfile Corp. - March 5, 2026) - Talon Metals Corp. (TSX: TLO)
(OTCID: TLOFF) ("
Talon
" or the "
Company
") is pleased to announce the results of its special meeting
of shareholders (the "
Meeting
") held today.
The TSX Resolution approving the Concurrent Private Placement (defined below), as more particularly
described in the management information circular of the Company dated January 30, 2026, was
approved by a majority of votes cast by disinterested shareholders.
Talon is also pleased to announce closing of the previously announced private placement of 1,855,578
common shares to an entity controlled by trusts settled by the late Adolf H. Lundin for aggregate gross
proceeds of approximately C$7,782,294 (the "
Concurrent Private Placement
").
ABOUT TALON
Talon is a TSX-listed base metals company advancing and operating high-grade nickel-copper assets
in the United States, including 100% ownership of the Eagle Mine and Humboldt Mill in Michigan, the
only primary nickel mine currently operating in the United States, and the
Tamarack Nickel-Copper-
Cobalt Project
in Minnesota. Talon is 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-Copper-Cobalt 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-Copper-Cobalt Project and
currently owns 51%. 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 US$114.8 million funding grant from the Bipartisan Infrastructure Law
and the
US Department of War 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
talonmetals.com
or contact:
Media Contact:
Jessica Johnson
(218) 460-9345
Investor Contact:
Mike Kicis
1 (647) 968-0060
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.
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/286423