Tesla to acquire a 60% stake in Tamarack Nickel Project of Talon Metals.

Tesla, an electric vehicle and clean energy company, agreed to acquire a 60% stake in Tamarack Nickel Project of Talon Metals, a metals company. Financial terms are not disclosed. “The Talon team has taken an innovative approach to the discovery, development and production of battery materials, including to permanently store carbon as part of mine operations and the investigation of the novel extraction of battery materials. Responsible sourcing of battery materials has long been a focus for Tesla, and this project has the promise to accelerate the production of sustainable energy products in North America,” Drew Baglino, Tesla SVP of Powertrain and Energy Engineering.