Tesla Inks First U.S. Nickel Supply Deal with Talon Metals
January 11 2022 - 05:27AM
TipRanks
Tesla, Inc. (NASDAQ: TSLA) has inked a deal
with Talon Nickel LLC, the U.S. subsidiary of Talon
Metals Corp. (TSX: TLO), for the purchase of nickel
concentrate to be produced from the Tamarack Nickel Project in
Aitkin County, Minnesota. The EV maker plans to make the
electric vehicle battery metal in a
more environmentally-friendly manner. Talon is a base
metals company in a joint venture with Rio Tinto on the
high-grade Tamarack Nickel Project. Talon currently owns a 51%
interest in the Tamarack Project and has the right to increase its
stake by 9% to 60%. Benefits of the Deal Demand for
nickel is expected to jump over the next decade on the growing
momentum in the EV market.
https://www.tipranks.com/news/tesla-inks-first-u-s-nickel-supply-deal-with-talon-metals?utm_source=advfn.com&utm_medium=referral
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