Talon Metals Announces Acceleration of Warrant Expiry Date

• On April 6 2026 Talon Metals announced it is exercising its right to accelerate the expiry of all outstanding common share purchase warrants, setting a new expiration date of May 6 2026.
• The acceleration follows the company’s shares trading above $5.60 for 20 consecutive days, triggering the warrant‑expiry provision.
• If all 6,523,651 unexercised warrants are exercised before the accelerated expiry, Talon will receive approximately C$18.27 million in exercise proceeds (each warrant exercisable at $2.80 post‑consolidation).
• The warrants were originally issued on June 18 2025 in connection with a brokered and non‑brokered private placement; after the 1‑for‑10 share consolidation each warrant now entitles the holder to purchase one share at $2.80.
• Any warrant not exercised by May 6 2026 will become void.

• The news is a direct consequence of the warrant’s acceleration clause, which was disclosed when the warrants were issued in June 2025. Because the share price had already surpassed the $5.60 threshold for 20 days, the acceleration was expected rather than a surprise.
• The potential proceeds (up to C$18.3 million) are positive and provide additional working capital without further dilution if warrants are exercised, but they represent only about 2 % of the current market cap (~C$950 million).
• Given that the event was anticipated under the existing warrant terms and the financial impact is modest relative to the company’s size, the news is best classified as Routine‑Positive – a favorable development that was already priced in by the market.

• Company: Talon Metals Corp. (TSX: TLO, OTC: TLOFF) is a Canadian‑based mining company focused on discovering and developing high‑grade nickel, copper, cobalt, and platinum group metal assets in the United States.
• Flagship project – Tamarack Nickel‑Copper‑Cobalt Project: Located in Tamarack, Minnesota; an underground‑mine‑style resource with indicated resources of 8.564 Mt @ 1.73% Ni, 0.92% Cu (2.34% NiEq) and inferred resources of 8.461 Mt @ 0.83% Ni, 0.55% Cu (1.19% NiEq). The project is in the feasibility‑study/permitting phase, with a joint‑venture earn‑in agreement with Kennecott Exploration (Rio Tinto) allowing Talon to increase its stake from 51% to 60% upon spending US$10 million and completing a feasibility study by March 14 2027.
• Additional assets:
• Beulah Minerals Processing Facility (BMPF) in North Dakota, backed by a $114.8 M DOE grant and a $2.47 M DLA award, intended to process ore from Tamarack and other sources.
• Michigan land package (Boulderdash discovery) with ongoing exploration targeting high‑grade copper‑equivalent mineralization.