Tiger Newspress2022-01-11
Talon Metals shares jumped 70% in premarket trading.
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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