representative work

Cassels Represents Talon Metals in Royalty Agreement with Triple Flag for US$8 Million


On July 5, 2024, Talon Metals Corp. and Talon Nickel (USA) LLC, a wholly-owned subsidiary of Talon Metals, entered into a royalty agreement whereby Talon Nickel has agreed to grant an additional net smelter returns royalty to a subsidiary of Triple Flag Precious Metals Corp., Triple Flag USA Royalties Ltd., in consideration of the payment of US$8 million (approximately C$10.9 million). In return for the US$8 million cash consideration, (a) Triple Flag, through its subsidiary Triple Flag US, has received an additional 1.67% net smelter returns royalty on Talon Metals’ interest in the Tamarack Project, and (b) Talon Metals has issued 8,000,000 common share purchase warrants, each exercisable to acquire one common share of Talon Metals for a period of two years at an exercise price of C$0.20 per share.

The proceeds received from the transaction are intended to be used to continue to advance both the Tamarack Nickel Project in Minnesota, USA and the Michigan Nickel-Copper Project in the Upper Peninsula of the State of Michigan, USA, as well as for general working capital purposes.

Cassels acted for Talon Metals and Talon Nickel.

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