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Talon Metals And The Defense Production Act

Henry Miles profile picture
Henry Miles


  • President Biden has invoked the Defense Production Act to stimulate investment in the mining and refining of strategic metals.
  • One of these metals is nickel, essential to the production of EV batteries, but wherein the US has no competitive position internationally.
  • Talon Metals is an early-stage company that, among two others, holds important nickel mining interests in Minnesota.
  • In addition to its locational advantage, other factors draw me to the company including, notably, its important stakeholder alliances.
Lithium NMC rechargeable battery module inside metal enclosure

Black_Kira/iStock via Getty Images

The Defense Production Act of 1950 was modeled after FDR's WWII "War Powers Act". Congress amends and reauthorizes the law continually with the current version set to expire in 2025. In a nutshell, it gives the president broad powers to:

This article was written by

Henry Miles profile picture
Now retired after forty years in financial services: a) analyzing corporate, bank, and sovereign risk, b) predicting bankruptcies and conducting commercial workouts, restructurings, and dissolutions, c) financing grain, soft commodities, oil, and the precious metal trade internationally, d) overseeing interbank finance and arbitrage, e) modeling and assessing the productivity of financial business units, f) directing aspects of M&A due diligence and post-acquisition integrations, g) serving as Chief Information Officer of a major full-service broker-dealer, h) consulting including as interim management to global banks, investment advisors, trust companies, and alternative investment / hedge funds, and i) serving as managing general partner of a family farm. An MBA, educated in economics, with a near minor in math, who held various securities industry licenses including Series 7, 63, 24, and 14 (all now expired). A donor and volunteer now focused on: a) public works landscape projects, b) helping motivated, first-in-family, degree and certificate-bound kids achieve their education, and c) developing STEM skills in primary and secondary school students. Formerly, an advisory board member of The Trust for Public Land involved with park and conservation projects including creating the first piece of a 10,000 acre metro wildlife area, and a produce farm in a distressed inner-city neighborhood. (All my proceeds from writing on Seeking Alpha go to charity.) Like I do when investing, always do your own due diligence in consultation with a licensed and competent financial/investment advisor(s) who puts your interests ahead of their own; if you don't have one, find one.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TLOFF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Like I do when investing, always do your own due diligence in consultation with a licensed and competent financial/investment advisor(s) who understands your unique needs and puts your interests ahead of their own. Remember, the added considerations in owning foreign securities including those associated with ADR sponsorship, buying and selling the pinks, foreign withholding taxes on dividends, and higher fees. (All my proceeds from contributing to SA go to charity.)

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (9)

Henry Miles profile picture
In case anyone is interested. -- talonmetals.com/...
Henry Miles profile picture
Star Tribune article about the push to mine in Minnesota with reference to Talon Metals. www.startribune.com/...
Henry Miles profile picture
So you pollute underground, and require a lot of water , the most prcious commodity.
CARNECAN profile picture
Sell !
As I study the borehole maps the provide on line along with the concentration of the metals, I think this could be very interesting for using The Boring Company next gen TBM to selectively drill out the deposits and not have the huge open pit. All electric and with Solar and MegaPacks to optimize the grid usage. Put it all together and make it work to save the environment.
Asking because I don't know. Are there ways to do the MN mining w/o screwing up the environment over large areas - like the watershed. Is it one-or-the-other?
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