CLICK TO HEAR CALEB GORDON’S INTERVIEW WITH CEO DARBY STACEY
Marquette County’s Eagle Mine has been bought by a company called Talon Metals.
New CEO Darby Stacey tells RRN News that Talon brings expertise in finding new nickel deposits as they run out of ore. The sale was announced on Friday. Stacey says that there are challenges ahead, but he’s optimistic for the future. The details of the sale are posted below.
In summary
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Talon Metals will be acquiring Eagle Mine from Lundin Mining and will become the parent company of Eagle Mine. Darby Stacey, Eagle Mine’s current Managing Director for the past six years, will become the new CEO of Talon. In addition, Jack Lundin, the CEO of Lundin Mining, will serve on the Talon board of directors. Lunding Mining is to own 19.99 percent of Talon Metals shares, becoming the largest shareholder.
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This exciting news merges the two companies’ assets and enhances future opportunities in Michigan and Minnesota. The ultimate vision for the company is to have multiple mines and processing facilities.
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Eagle’s success in permitting, construction, and operations strengthens the Tamarack project in Minnesota as the permitting process progresses. Talon’s exploration success in Michigan, near the Eagle Mine site, strengthens future opportunities to extend our operational life.
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In 2026, we plan to progress permitting in Minnesota and resume exploration in Michigan, with the same values of transparency, safety, environmental protection, and community engagement that have made our current operations a success.
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Background on each company: Eagle Mine has an active nickel and copper underground mine and a mineral processing facility, the Humboldt Mill. Talon Metals is developing a nickel project in Tamarack, Minnesota, and advancing a planned Beulah Minerals Processing Facility (BMPF) in North Dakota. Talon also has an exploration project near the current Eagle mine site.
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