Talon Metals strikes new nickel-copper mineralization in Minnesota

Canada’s Talon Metals Corp said on Thursday it had intercepted new high-grade nickel-copper mineralization in the Tamarack mine project in Minnesota.

Demand for nickel, a silvery-white metal used to boost energy storage in a battery’s cathode, is expected to jump over the next decade as electric vehicles go mainstream.

Earlier this year, Tesla Inc signed its first US nickel supply deal with Talon, securing a key US source of the metal for its battery factories in Texas and Nevada.

Talon said its Minnesota project, slated to open by 2026, is a joint venture with global miner Rio Tinto.