Teck Resources

Spin-Outs in Mining Sector: The Emergence of Independent Growth-Oriented Ventures

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Friday, March 17, 2023

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VANCOUVER, B.C., March 17, 2023 /PRNewswire/ -- USA News Group - Spin-out opportunities in the mining sector can generate mixed reactions from the market when they arise, depending on how they're handled. And this year is no different as multiple opportunities are arising, with much of the headlines going towards talk of Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) exploring splitting off its steelmaking coal operations into a spin-out company worth an estimated $11 billion, in order to focus on copper and other "future-friendly" metals. Now other miners large and small are exploring their spin-out playbooks, including Usha Resources Ltd. (TSXV:USHA) (OTCQB:USHAF), Vale S.A. (NYSE:VALE), and Hecla Mining (NYSE:HL) with Atac Resources Ltd. (TSXV:ATC) (OTCQB:ATADF).

Key Points:

Back in December, the spin-out was overwhelmingly approved by USHA's shareholders, garnering support from 99.76% of the votes cast.
By January, USHA obtained its final court order approval of the spin-out, which officially started the transaction in motion.
Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Bunker Hill Announces Amendment of Warrant Terms

Retrieved on:

Wednesday, March 15, 2023

Acquisition, Canadian Securities Exchange, Teck Resources, Pend Oreille, CSE, Security (finance), Warrant

TORONTO, March 15, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) announces that it is proposing to amend the exercise price of 10,416,667 common stock purchase warrants of the Company (the “Warrants”) and the expiry date of the Warrants to March 31, 2023, subject to compliance with the policies of the Canadian Securities Exchange (the “CSE”).

Key Points:

TORONTO, March 15, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) announces that it is proposing to amend the exercise price of 10,416,667 common stock purchase warrants of the Company (the “Warrants”) and the expiry date of the Warrants to March 31, 2023, subject to compliance with the policies of the Canadian Securities Exchange (the “CSE”).
The Warrants comprise units of the Company issued to Teck Resources Limited (“Teck”) on a private placement basis on May 13, 2022, in consideration for the Company’s acquisition of the Pend Oreille process plant.
Each Warrant entitles the holder thereof to purchase one share of common stock of the Company (each, a “Warrant Share”) at an exercise price of C$0.37 per Warrant Share at any time on or prior to May 12, 2025.
The Company intends to amend the exercise price of the Warrants from C$0.37 to C$0.11 per Warrant Share (the “Amended Exercise Price”) and amend the expiry date from May 12, 2025 to March 31, 2023, in accordance with policies of the CSE, and does not intend to amend any other material terms of the Warrants (the “Amended Warrants”).

Members of the International Copper Association Pledge to Tackle Carbon Emissions to Achieve Net Zero by 2050

Retrieved on:

Tuesday, March 7, 2023

BRUSSELS, March 7, 2023 /PRNewswire/ -- In a new roadmap launched today by the International Copper Association (ICA), members have aligned on an ambition to reach net zero in Scope 1 and Scope 2 emissions by 2050, and work toward the same goal for Scope 3 emissions.

Key Points:

Members of the copper industry's leading trade association have set out ambitious plans to reach net zero in Scope 1 and 2 emissions by 2050, and significantly cut Scope 3 emissions.
BRUSSELS, March 7, 2023 /PRNewswire/ -- In a new roadmap launched today by the International Copper Association (ICA), members have aligned on an ambition to reach net zero in Scope 1 and Scope 2 emissions by 2050, and work toward the same goal for Scope 3 emissions.
Regarding Scope 3 emissions, members will work with value chain partners to reduce emissions 10 percent by 2030, 30-40 percent by 2040, and 60-70 percent by 2050.
The new roadmap, agreed to by International Copper Association members, clearly demonstrates the industry's collective ambition to go net zero by 2050, in a manner that transparently incorporates the global mining industry's best practices."

Members of the International Copper Association Pledge to Tackle Carbon Emissions to Achieve Net Zero by 2050

Retrieved on:

Tuesday, March 7, 2023

BRUSSELS, March 7, 2023 /PRNewswire/ -- In a new roadmap launched today by the International Copper Association (ICA), members have aligned on an ambition to reach net zero in Scope 1 and Scope 2 emissions by 2050, and work toward the same goal for Scope 3 emissions.

Key Points:

Members of the copper industry's leading trade association have set out ambitious plans to reach net zero in Scope 1 and 2 emissions by 2050, and significantly cut Scope 3 emissions.
BRUSSELS, March 7, 2023 /PRNewswire/ -- In a new roadmap launched today by the International Copper Association (ICA), members have aligned on an ambition to reach net zero in Scope 1 and Scope 2 emissions by 2050, and work toward the same goal for Scope 3 emissions.
Regarding Scope 3 emissions, members will work with value chain partners to reduce emissions 10 percent by 2030, 30-40 percent by 2040, and 60-70 percent by 2050.
The new roadmap, agreed to by International Copper Association members, clearly demonstrates the industry's collective ambition to go net zero by 2050, in a manner that transparently incorporates the global mining industry's best practices."

North America's Lithium Hot Spot Hits Record Results

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Thursday, February 23, 2023

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LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points:

Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

North America's Lithium Hot Spot Hits Record Results

Retrieved on:

Thursday, February 23, 2023

LONDON, Feb. 23, 2023 /PRNewswire/ -- With EV sales set to triple by 2026 and auto giants committing tens of billions of dollars in a massive push to boost battery production for American EVs, the race to the finish line for new lithium supplies will help define this space in 2023. Mentioned in today's commentary includes: Lithium Americas Corp. (NYSE: LAC), Turquoise Hill Resources Ltd. (NYSE: TRQ), Teck Resources (NYSE: TECK), Albemarle Corporation (NYSE: ALB), Sociedad Química y Minera de Chile (NYSE: SQM).

Key Points:

Lithium Ionic Corp (LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (LBNK) is up over 31% .
EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that.
That means that EMP's latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government.
Under the deal, SQM will supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution between 2021 and 2029.

Nine Mile Metals Acquires the Wedge Project Including the Wedge Copper Deposit Project

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Thursday, February 16, 2023

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The Wedge Deposit was mined by Cominco and produced 1.503MT grading (2.88% Cu, 0.65% Pb, 1.81% Zn, 20.6 g/t Ag).

Key Points:

The Wedge Deposit was mined by Cominco and produced 1.503MT grading (2.88% Cu, 0.65% Pb, 1.81% Zn, 20.6 g/t Ag).
The (2) properties will be grouped together and be managed as “The Wedge VMS Project” under the Nine Mile Metals Portfolio Assets.
The Wedge deposit was considered a Copper deposit so where is the rest of the VMS occurrence?
The property is host to four volcanogenic massive sulphide (VMS) occurrences including the former producing Wedge copper deposit.

PROSPECT RIDGE RESOURCES ACQUIRE 100% OF THE HOLY GRAIL PROPERTY AND APPOINT JASMINE LAU AS NEW CFO

Retrieved on:

Wednesday, February 8, 2023

VANCOUVER, BC, Feb. 8, 2023 /PRNewswire/ - Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce that it has completed its acquisition of 100% of the Holy Grail property.

Key Points:

VANCOUVER, BC, Feb. 8, 2023 /PRNewswire/ - Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce that it has completed its acquisition of 100% of the Holy Grail property.
Loan Wolf Exploration Ltd has a 1.5% NSR on the property from which 1% can be purchased for $1M.
This NSR also applies to our fully owned Knauss Creek property in place of certain royalties that were previously granted.
Prospect Ridge is also pleased to announce the appointment of Ms. Jasmine Lau, CPA, CA, as Chief Financial Officer ("CFO").

Nine Mile Metals Acquires West Nine Mile Brook Project and Engages Artificial Intelligence Company Windfall Geotek

Retrieved on:

Thursday, February 9, 2023

Patrick J. Cruickshank, MBA, CEO & Director states, “This acquisition of West Nine Mile Brook, is a valuable addition to our Nine Mile Brook VMS Portfolio.

Key Points:

Patrick J. Cruickshank, MBA, CEO & Director states, “This acquisition of West Nine Mile Brook, is a valuable addition to our Nine Mile Brook VMS Portfolio.
Our work with Windfall Geotek and its proprietary Artificial Intelligence analysis will be applied to our entire project portfolio (Nine Mile Brook, California Lake And our Canoe Landing Lake (E&W).
Windfall Geotek has a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics.
The Company acquired the West Nine Mile Brook claim from Windfall in exchange for the issuance of 232,143 shares of the Company (the “Consideration Shares”).

BCIT and Teck Open Teck Copper Innovation Hub

Retrieved on:

Tuesday, January 31, 2023

Health, Education, Research, Safety, 3D, Copper, Teck Resources, NYSE, British Columbia Institute of Technology, TSX, Student, Patient, Partnership, Interim, Innovation, BCIT, Organization, Medicine, Teck

BURNABY, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- British Columbia Institute of Technology (BCIT) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the opening of the new Teck Copper Innovation Hub.

Key Points:

BURNABY, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- British Columbia Institute of Technology (BCIT) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the opening of the new Teck Copper Innovation Hub.
The Teck Copper Innovation Hub, located inside the BCIT Centre for Applied Research and Innovation, will use additive manufacturing, also known as 3D printing, to produce healthcare devices composed of copper and composites.
Teck also partnered with BCIT to install more than one thousand antimicrobial copper patches on high-touch surfaces at the BCIT Burnaby Campus as an extra layer of protection for BCIT students, staff, and visitors.
The new Teck Copper Innovation Hub will explore innovative new ways to use antimicrobial copper to enhance safety for patients and health care professionals and we applaud BCIT for advancing this important work.”
Paul McCullough, Interim President, BCIT “The Teck Copper Innovation Hub combines the state-of-the-art research capabilities of BCIT Applied Research with the industry expertise of Teck to drive innovation across a growing interdisciplinary field.