Teck Sanctions Highland Valley Copper Life Extension To 2046 With $2.1–$2.4 Billion Investment, Doubling Copper Strategy On Track

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Teck Resources Limited Class B

TECK

43.17

45.16

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+4.61% Pre

Project highlights:

Mine life extension of Highland Valley Copper from 2028 through to 2046.
Average copper production of 132,000 tonnes per year over the life of mine.
Positioned for solid execution with strong and experienced team in place, all major permitting complete, engineering nearly 70% complete, and contracting and procurement well advanced.
Total capital investment represents the largest critical minerals investment in British Columbia history.
Maintains the approximately 1,500 direct jobs and $500 million in annual GDP from HVC's operations.
Expected to generate approximately 2,900 jobs and $435 million in additional GDP during the construction phase of the project.

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