Talon Metals seeks regulatory OK for proposed Minnesota nickel mine
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Talon Metals (OTCPK:TLOFF) filed papers Wednesday with the Minnesota Department of Natural Resources to start the environmental review process for its proposed Tamarack underground nickel mine, which would supply nickel to Tesla (TSLA) for electric vehicle batteries.
The review process typically takes several years, but Talon Metals (OTCPK:TLOFF) hopes the mine's design will speed things up enough so it can begin production for Tesla (TSLA) in 2027.
Talon Metals (OTCPK:TLOFF), a joint venture with Rio Tinto (NYSE:RIO), says the mine footprint would be small - only 60-80 acres - and no ore would be processed on site; it would be taken by rail cars to its ore processing plant western North Dakota, where all waste would be sealed in concrete for storage.
The U.S. Department of Energy has given the project a $114M grant to build the North Dakota plant, as part of the Biden administration's plan to boost domestic production of strategic metals needed for electric vehicles.
The DoE funding contrasts with government opposition to two other proposed copper-nickel mining projects in Minnesota, the Twin Metals mine and the NewRange mine.
More on Talon Metals:

Financial and valuation comparison to sector peers
Analysis: Talon Metals: Tamarack Nickel Project Progressing Well, U.S. Government Support And Tesla Offtake Are Positives
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