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Teck Resources and PolyMet form 50:50 joint venture NewRange Copper Nickel · Endata

◂ Announcements

Jul 20, 2022ACQUISITIONMinnesota, United States

Teck Resources and PolyMet form 50:50 joint venture NewRange Copper Nickel

Teck Resources and PolyMet Mining agreed to form a 50:50 joint venture, NewRange Copper Nickel LLC, to advance PolyMet's NorthMet project and Teck's Mesaba deposit in Minnesota. First production from NorthMet is targeted for 2026, with annual payable production of 30,000 tonnes copper, 3,600 tonnes nickel, 58,000 ounces palladium, and 12,000 ounces platinum.

Status

Announced

Capacity

29,000 tonnes of ore per day (NorthMet)

Productscoppernickelpalladiumplatinum

CompaniesTeck Resources partner Glencore investor PolyMet Mining partner

Sectors#Mining Equipment

“Teck today announced an agreement with PolyMet Mining Corp. to form a 50:50 joint venture to advance PolyMet Mining Inc’s NorthMet Project and Teck’s Mesaba mineral deposit.”teck.com

1 source
teck.comTeck Announces Copper Nickel Projects Joint Venture with PolyMetJul 20, 2022

Summarized from public sources; check the original articles before acting on it.

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Jul 20, 2022ACQUISITIONMinnesota, United States$105.0M
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