Talon Metals shares jumped 70% in premarket trading

Tiger Newspress2022-01-11

Talon Metals shares jumped 70% in premarket trading.Tesla chooses Talon Metals' Tamarack mine project in Minnesota for its first U.S. supply deal for nickel to make electric batteries, citing Talon's process it considers relatively environmentally friendly.

Under the deal terms, Tesla agrees to buy at least 75K metric tons, or ~165M lbs., of nickel in concentrate over six years, conditioned upon Talon earning a 60% interest in the Tamarack project; Talon currently owns a 51% interest in Tamarack, with Rio Tinto owning 49%, and has the right to increase its interest to 60%.

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Comments

  • mster
    2022-01-13
    mster
    Whatever Tesla touches turn into Gold… 
  • Mister Makam
    2022-01-12
    Mister Makam
    70% up today. hope it doesn't drop 50% tomorrow
  • soosoo
    2022-01-12
    soosoo
    Good
  • JLKang
    2022-01-12
    JLKang
    Good! 
  • Newbie_21
    2022-01-12
    Newbie_21
    Wow
  • ming22
    2022-01-12
    ming22
    Wow 
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