NMG will use the proceeds of the investment to support the finalization of the design, operation, marketing and corporate parameters of the Phase 2 commercial integrated operations.
Talon has been selected as a recipient of the first set of projects funded by US President Biden's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles.
Possible sanctions on Russian metal, lawsuits, a battle to recover trust and a slump in nickel trading after the March fiasco are just some of the headwinds facing the LME.