Jan 19 (Reuters) - Canada's Talon Metals Corp TLO.TO said on Thursday it had intercepted new high-grade nickel-copper mineralization in the Tamarack mine project in Minnesota.
Demand for nickel, a silvery-white metal used to boost energy storage in a battery's cathode, is expected to jump over the next decade as electric vehicles go mainstream.
Earlier this year, Tesla Inc TSLA.O signed its first U.S. nickel supply deal with Talon, securing a key U.S. source of the metal for its battery factories in Texas and Nevada.
Talon said its Minnesota project, slated to open by 2026, is a joint venture with global miner Rio Tinto (RIO) . (([email protected]; Twitter: https://twitter.com/Arshreets;))
News: RIO Talon Metals strikes new nickel-copper mineralization in Minnesota
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