Teck Gets Approval To Extend Highland Valley Copper Mine Life

Teck Resources Limited (NYSE:TECK) is among the 11 Best Copper Stocks to Buy Now. The British Columbia government has granted Teck Resources Limited (NYSE:TECK) an Environmental Assessment Certificate for the Highland Valley Copper Mine Life Extension project (HVC MLE).

Teck Gets Approval To Extend Highland Valley Copper Mine Life.

A close up of an automated machine processing other Industrial Metals & Mining resources.

Teck Resources Limited (NYSE:TECK) can now proceed with a final construction sanction decision, which is anticipated in Q3 2025, due to this approval. Permitting and site preparation will soon start. The project is expected to generate $500 million in GDP annually, supporting 1,500 continuing positions after completion and creating 2,900 construction jobs.

The goal of HVC MLE is to continue operations at the biggest copper mine in Canada through the middle of the 2040s. The project complements Teck Resources Limited (NYSE:TECK)’s copper growth plan and supports the vital mineral supply chain in North America.

Jonathan Price, president and CEO, acknowledged the partnership of stakeholders, the Province of British Columbia, and Indigenous Governments. Teck Resources Limited (NYSE:TECK) has placed great importance on the responsible development of metals that are crucial to economic growth and the global energy transition, and it has world-class copper and zinc operations throughout America. It is one of the best copper stocks.

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