Talon Metals' Mill Pivot Eases Capex Pressure at Tamarack
Dow Jones
Sep 11
0819 ET - Talon Metals' decision to use its existing processing facility in Michigan rather than build a new one in North Dakota should ease capex pressure. In a report, TD Cowen's Craig Hutchison says that the company has opted to use the existing Humboldt Mill as the processing facility for its Tamarack Nickel-Copper-Cobalt Project, which is a "positive development for Tamarack, given the potential for meaningful capex reduction and development de-risking." He notes that while some costs will go up, such as transportation, the "potential capital savings will outweigh the incremental increase in operating costs."
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