Pallinghurst ups nickel exposure after buying 19.2% of Talon Metals

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(Kitco News) - Battery-metals focused Pallinghurst Group announced todaythat it bought 19.2% of Talon Metals (TSX:TLO).

The purchase price was about 60 cents per share for anaggregate of $80.1 million.

Talon Metals is advancing its Tamarack nickel-copper-cobaltproject located in Minnesota, U.S. Talon has an earn-in to acquire up to 60% ofthe Tamarack project. If built the mine would be underground.

Over the past five days Talon Metals traded up 6% to 70 cents.

Pallinghurst has investments in Nouveau Monde Graphite,Nemaska Lithium and Sedibelo Platinum Mines. Pallinghurst said its focus is oninvesting in the entire value-chain of sustainably source battery and fuel cellmaterials.

By Michael McCrae

For Kitco News

Follow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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