Talon Metals (TLO) Metals Investor Forum 2026 summary

Recent acquisitions and operational integration

• Acquired the Eagle Mine, the only U.S. domestic nickel mine, complementing existing exploration in Minnesota.

• Eagle Mine brings operational expertise, while ongoing exploration at Tamarack and Michigan offers future growth potential.

• Plan to leverage Eagle’s team and experience to develop the Tamarack deposit and extend Eagle’s mine life.

Strategic partnerships and government support

• Tamarack has an offtake agreement with Tesla for 75 kilotons of nickel and is a joint venture with Rio Tinto.

• Lundin Group increased its stake to 19%, with new board members joining, signaling strong backing.

• Received $114 million from the Department of Energy and $20.6 million from the Department of Defense for exploration and processing.

Exploration and production updates

• Eagle Mine has produced nearly 200,000 tons of nickel and copper, with ongoing exploration at Boulderdash and Tamarack.

• Eagle Mine’s closure was planned for 2028, but new strategies aim to extend its life by accessing additional mineralization.

• Boulderdash prospect yielded a significant discovery in 2024, with further drilling planned as weather permits.