Metals One (MET1 ) has boosted its stake in Talon Resources by investing a further £200,000, as part of Talon’s wider £2 million fundraise and Aim listing.
Metals One first back in September 2025 when it issued a £150,000 loan to Talon that later converted.
With the additional investment, Metals One now owns 5.57% of Talon.
Talon’s flagship asset is the 90%-owned Eagle Lake gold project, located in Ontario's Dryden Gold District within the prospective Wabigoon Subprovince.
Historical exploration at Eagle Lake returned surface sample results of up to 204 grams per tonne gold.
Planned exploration, funded from Talon's existing cash resources, includes geophysical and geochemical surveys, together with an initial 2,000 metre diamond drilling programme.
Alex King, a non-executive Director of Metals One, has assumed the role of chief executive of Talon. Accordingly, King was deemed to have a material interest in Talon and did not participate in any deliberations or decisions relating to Metals One's investment in Talon.
"Metals One is pleased to invest in Talon,” said Daniel Maling, managing director of Metals One.
“We believe their Eagle Lake property offers discovery potential and a pipeline of near-term catalysts. We are also very interested in their technology-led target generation approach with MINML in the wider - highly prospective - region and look forward to following their developments."
View from Vox
Another attractive-looking addition to Metals One’s North American portfolio. Talon listed at 1.25p, but the drilling campaign and other exploration that lies ahead could generate significant upward momentum in the shares. Nice to see Aim coming alive again for new listings too.