THOMPSON, MAN. — Vale Base Metals has signed a deal to partner with three companies in a consortium that will invest up to $280 million its Thompson Mine Complex in Manitoba.
Under the agreement, Exiro Minerals Corp., Orion Resource Partners LP and Canada Growth Fund Inc. will join VBM to form a new company that will acquire and invest in the mine.Â
The new company will be known as Exiro Nickel Co.
Exiro, Orion and CGF will own a combined 81.1 per cent stake in the new company, while Vale will own the remaining 18.9 per cent.
The Thompson complex includes two underground operating mines, an adjacent mill and significant exploration opportunities. VBM has signed an offtake agreement for the nickel concentrate produced at the mill.
VBM had launched a strategic review of its Thompson operations in January 2025.
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