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Lundin Mining Completes the Sale of the Eagle Mine and Humboldt Mill to Talon Metals

Newswire.ca - Fri Jan 9, 8:00AM CST

VANCOUVER, BC, Jan. 9, 2026 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the completion of the previously announced sale of its subsidiary Lundin Mining US Ltd. which indirectly holds the Eagle mine and Humboldt mill to Talon Metals Corp. ("Talon"). At closing, Lundin Mining received 275,152,232 common shares of Talon which, together with the shares previously held by the Company, represents approximately 19.86% of the issued and outstanding shares of Talon (the "Transaction"). The implied valuation of the share consideration is approximately US$127.0 million, based on the five-day volume-weighted average share price of Talon as of January 8, 2026.

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