Talon Metals Receives Extension from Kennecott Exploration to Ensure Alignment of the Tamarack Nickel Copper Project's Feasibility Study with Environmental Review

Core Viewpoint - Talon Metals Corp has received a 12-month extension from Kennecott Exploration Company to complete a feasibility study and make a US$10 million payment, allowing the company to increase its ownership in the Tamarack Nickel Copper Project from 51% to 60% while aligning the study's release with an important environmental review milestone expected in H1 2026 [2][4][6] Group 1: Extension and Ownership - The extension moves the deadline for the feasibility study and payment from March 14, 2026, to March 14, 2027, facilitating Talon's increased ownership in the project [4][10] - This extension is crucial for synchronizing the feasibility study's release with the anticipated Scoping Environmental Assessment Worksheet, ensuring that environmental feedback is incorporated into the study [7][11] Group 2: Environmental Review and Strategy - Talon is currently finalizing designs for the mine and associated facilities, incorporating comments from the Minnesota Department of Natural Resources received on September 18, 2025 [10] - The company emphasizes a coordinated approach to environmental review, mine design, and exploration, aiming to minimize environmental impacts while adhering to Minnesota's stringent standards [6][11] - Talon's strategy includes iterative improvements based on feedback from environmental assessments, which have led to a reduced environmental footprint for the project [9][11] Group 3: Project Significance - The Tamarack Nickel Copper Project is positioned as a key contributor to domestic critical mineral production, supporting the U.S. supply chain [6][11] - The project encompasses a significant land position with high-grade mineral intercepts, indicating strong potential for future development [12]