Published: August 6, 2025 |

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Teck Resources has approved construction of the Highland Valley Copper Mine Life Extension Project (HVC MLE), an important critical minerals investment which will extend the life of Canada’s largest copper mine and support Teck’s copper production into the future.

“This extension of Canada’s largest copper mine, Highland Valley Copper, is foundational to our strategy to double copper production by the end of the decade. Given the strong demand for copper as an energy transition metal, the Highland Valley Copper Mine Life Extension will generate a robust IRR and secure access to this critical mineral for the next two decades. The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of the jobs and community benefits that HVC generates for many more years to come,” said Jonathan Price, president and CEO.

“We look forward to continuing to work collaboratively with Indigenous Governments, local communities and stakeholders to responsibly secure the long-term future of Highland Valley Copper,” added Price.

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 percent 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.

The environmental assessment certificate and required permits for HVC MLE were issued in June 2025, and construction is set to commence in full in August 2025. The project consists of upgrades and increased capacity requirements for the mine life extension and a mine pushback that requires additional waste-stripping to access high-quality ore within the Valley Pit.

Additional technical and engineering work has been completed ahead of sanctioning to optimize the project. The project capital estimate has been refined and is now expected to be between $2.1 to $2.4 billion.

“We promised British Columbians we would move big projects forward faster to counter the threats we face. This multi-billion dollar project represents 2,900 new jobs and a $500 million increase to GDP. It’s just one example of how British Columbia can drive our country’s economy forward even in challenging times,” said David Eby, Premier of British Columbia.

“Canada has the natural resources that the world wants — and it is projects like these that put us on the map. By extending the life of Canada’s largest copper mine, we are strengthening our critical minerals sector here at home and becoming the international supplier of choice when it comes to critical metals and minerals,” said Honourable Tim Hodgson, Minister of Energy and Natural Resources, Government of Canada.

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Teck is headquartered in Vancouver, Canada.

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