Tamarack is one of only three high-grade nickel sulphide deposits (on infrastructure) discovered globally in the 21st century (Eagle Mine (USA), Nova-Bollinger (Australia), Tamarack Nickel Project (USA))
Nickel sulphide highly sought after
Not all nickel deposits are created equally, of course. There are essentially three types of nickel sources: limonite ore, saprolite ore and nickel sulphide ore. Currently, nickel sulphide is the preferred source to develop high purity Class 1 nickel which goes into creating nickel sulphate required for battery production. The pathway to creating Class 1 nickel from limonite and saprolite ores is more costly and typically creates a much larger environmental footprint.
TLO Doing BIG Boy Things
Oct 19 (Reuters) - Albemarle Corp ALB.N, Piedmont Lithium Inc PLL.O and Talon Metals Corp TLO.TO are among the 22 miners, recyclers and battery manufacturers set to receive $2.83 billion in funding from the U.S. Bipartisan Infrastructure Law, a White House official said on Wednesday.
Albemarle, the world's largest lithium producer, will receive $149.6 million. Piedmont is set to receive $141.7 million and Talon is set to receive $114.9 million. Reuters was first to report the selections.
TLO $ 375 Million mcap
Albemarle $25.9 Billion Mcap
Piedmont Lithium $930;Million Mcap
proposed Minnesota nickel mine has Tesla's attention
A proposed Minnesota nickel mine has Tesla's attention
Underneath the ground in Aitkin County sit some of the highest-grade nickel deposits in the world. It could become the site of the state's first nickel mine. TAMARACK, Minn. — The first sign as to what Talon Metals is working on in rural Aitkin County is parked outside their company office in Tamarack, Minnesota: A Tesla outfitted with a vehicle wrap that sports the company name, and a license plate that reads "NI 4 EV," or nickel for electric vehicles.
The company has 90 workers and employs more people than actually live in the town, which is 62. Talon Metals has mineral leases for 31,000 acres in Aitkin County and is currently drilling core samples below ground, mapping out where nickel and other precious metals can be found.
They've found what are some of the highest known concentrations of nickel in the world. They call the site the Tamarack Project.