Talon scraps plan to build North Dakota mill for Tamarack
Ore from Minnesota's Tamarack project will be processed at the Humboldt mill in Michigan.
Talon Metals, a Rio Tinto-backed developer, has abandoned its plans to construct a mill in North Dakota for processing ore from its Tamarack nickel-copper-cobalt mine in Minnesota. Instead, the company will utilize an existing facility in Michigan for processing Tamarack's ore. Talon acquired the Humboldt mill from Lundin Mining in January, along with the producing Eagle nickel-copper mine.
A feasibility study to evaluate processing Tamarack material at Humboldt is expected to be completed by December 31. This decision is anticipated to lower upfront capital expenditures and financing requirements for the Tamarack project, according to TD Securities mining analyst Craig Hutchison. The move could also expedite the project's development timeline.
Talon is currently working with the US Department of Energy on the future of a $114.8 million award tied to the North Dakota facility, though it remains unclear whether some of the funds can be allocated for processing material at Humboldt. The North Dakota site, which Talon had planned to build the mill on, was a former coal-mining area in Mercer County.
The company expects construction at Tamarack to commence as early as 2029, with production starting two years later.
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