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State: 17.08.2024 | 11PM
Wed, 05.03.2025       Lundin Mining
CA5503721063

VANCOUVER, BC, March 5, 2025 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce today that it has entered into exclusivity to negotiate an earn-in agreement (the "Option Agreement") with Talon Metals Corp. ("Talon") for the right to acquire up to a 70% ownership interest in the Boulderdash exploration properties ("Boulderdash") which are adjacent to the Company's Eagle Mine.  Concurrently with the execution of the exclusivity agreement, Lunding Mining has advanced Talon US$5 million to, among other things, commence drilling at Boulderdash. If the parties do not execute the Option Agreement, Talon will either repay such advance or issue shares to the Company with an aggregate subscription price equal to such advance based on the 5-day volume weighted average price of Talon shares on the TSX at the time of issuance. View PDF

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