Talon Metals Corp. through its wholly-owned subsidiary Talon Nickel (USA) LLC signed a definitive agreement with the US Department of Energy setting the terms, conditions and performance milestones for $114,846,344 in grant funding created by the Bipartisan Infrastructure Law. Talon's Battery Minerals Processing Facility was selected by the Department of Energy on October 19, 2022 as one of the projects that will receive funding to expand and secure the United States domestic manufacturing of electric batteries for electric vehicles (EVs) and grid storage.

Congress and President Biden have made responsible and sustainable domestic sourcing and processing of critical minerals like nickel a national priority. The definitive agreement announced will allow Talon to immediately begin accessing funding under the DOE award and sets specific milestones for the siting, design, permitting, community engagement, construction and commissioning of the Battery Minerals Processing Facility in Mercer County, North Dakota. The Talon processing facility will be capable of processing ore from multiple economically viable, operating sources in North America.

Talon has an agreement with Tesla Inc. and the North Dakota processing facility will produce nickel in concentrate for Tesla.