By Kitco News / October 18, 2021 / www.kitco.com /
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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
mmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of
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