Talon Metals

Canaccord Genuity Acted as Lead Underwriter & Sole Bookrunner to Talon Metals on its Upsized C$25 Million Bought Deal Private Placement Offering

Canaccord Genuity is pleased to announce that on June 18, 2025, its client, Talon Metals Corp. (“Talon”) (TSX: TLO), successfully closed its upsized “bought deal” private placement offering consisting of 115,000,000 LIFE Units (the “Units”) at a price of C$0.22 per Unit (the “Offering Price”), for gross proceeds of C$25,300,000 (the “Offering”).

Canaccord Genuity acted as lead underwriter and sole bookrunner.

The net proceeds of the Offering will be used by Talon to advance the Tamarack nickel project and for general and administrative expenses and working capital purposes.

Talon is a base metals development company focused on advancing its 51% interest in the high-grade Tamarack nickel-copper-cobalt project located in central Minnesota. Talon has an earn-in right to acquire up to 80% in a Michigan prospective exploration land package of over 400,000 acres, which includes the recent Boulderdash nickel/copper discovery.