Eagle Mine

100%-owned operating underground nickel-copper mine in the Upper Peninsula of Michigan, USA, acquired from Lundin Mining Corp. on January 9, 2026 in exchange for 275,152,232 Talon common shares and a production payment royalty (US$1.00/tonne capped at $20M) on ore processed through the Humboldt Mill from non-Eagle sources. The acquisition includes the associated Humboldt Mill processing facility. Lundin Mining retained certain board nomination and participation rights via the Lundin Investor Rights Agreement and has agreed to maintain financial assurances for mining/reclamation until Talon makes a Positive Final Investment Decision on a Tamarack mine.