Lundin Mining Corporation has signed a definitive agreement to sell its subsidiary Lundin Mining US Ltd. which indirectly holds Marquette County’s Eagle mine and Humboldt Mill to Talon Metals Corp. in return for 275.2 million Talon shares, representing 18.4% of Talon’s issued and outstanding shares upon completion of the transaction.
The implied valuation of the share consideration is approximately US$83.7 million, based on the five-day volume-weighted average trading price of the common shares of Talon on the Toronto Stock Exchange up to December 18, 2025. Talon will continue to be publicly listed on the TSX under the symbol TLO following closing of the Transaction.
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