Talon Metals closes $7.78-million private placement

Executive Summary

• Talon Metals Corp. announced the successful closing of a private placement of 1,855,578 common shares, raising approximately C$7.78 million in gross proceeds.
• The private placement was approved by a majority vote of disinterested shareholders at a special meeting held on the same day.
• Proceeds are expected to support ongoing development of Talon’s high‑grade nickel‑copper assets, including the Eagle Mine, Humboldt Mill, and the Tamarack project.

Key Details

• Private Placement Size: 1,855,578 common shares.
• Gross Proceeds: Approximately C$7,782,294.
• Investor: An entity controlled by trusts settled by the late Adolf H. Lundin.
• Approval Process: Approved by a majority of votes cast by disinterested shareholders at a special meeting of shareholders held on the announcement date.
• Regulatory Filing: The Toronto Stock Exchange resolution approving the placement was described in the management information circular dated Jan. 30, 2026.
• Use of Proceeds (implied): To fund advancement and operation of Talon’s high‑grade nickel‑copper assets in the United States, including further development at Eagle Mine, Humboldt Mill, and the Tamarack project.

Notable Quotes

(No direct quotes were provided in the release.)