Talon Metals Corp (OTCMKTS:TLOFF) up 26% in a week after the company and United Steelworkers union announced a new employee development collaboration to advance the Tamarack Nickel Project located in Tamarack, Minnesota.
Notably, the project is 54 miles west of Duluth, and it is among the underdeveloped high-graded nickel deposits in the US. It is a rare opportunity to develop an integrated nickels supply chain for the EV sector. The US has prioritized local nickel production for the EV battery supply chain.
The initial mine design includes progressive technologies that minimize environmental impacts, utilize renewable energy, and help develop community skills to offer highly qualified workers at the mine and its processing plants.
Talon is also considering carbon capture opportunities. According to the agreement, USW will collaborate with Talon in planning for the potential maintenance and production workforce required at the mine. Equally, they will create a strategic plan for future workforce recruitment. Therefore, TLOFF is worth keeping an eye on.
Market Reaction:
On Thursday, TLOFF stock fell 2.20% at $0.4583 with more than 253k shares, compared to its average volume of 326K shares. The stock has moved within a range of $0.4490 – 0.4860 after opening the trade at $0.47. Over the past 52-week, the stock has been trading within a range of $0.1600 – 0.9700.
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