Teck Resources Limited (TSX:TECK.A and TECK.B; NYSE:TECK) announced Board approval to proceed with the Highland Valley Copper Mine Life Extension (HVC MLE) Project, part of Canada’s largest operating copper mine. This project extends mine life through 2046, strengthens Teck’s long-term copper portfolio, and positions the company to capitalize on sustained global demand for critical minerals central to the energy transition.
The HVC MLE is a brownfield extension of the company’s 100% owned Highland Valley Copper project in British Columbia. The environmental assessment certificate and all required permits for HVC MLE were issued in June 2025, and construction is set to begin in August this year. Technical and engineering work has also been completed as part of due diligence before sanctioning the extension project.
Jonathan Price, President and CEO of Teck commented, “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. 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.”
Strategic and financial highlights for the HVC MLE:
Extends mine life to 2046, securing a long-term supply of high-quality copper production in a tier-one jurisdiction.
Delivers an average of 132,000 tonnes of copper per year over the life of mine, aligned with Teck’s strategy to double copper production by the end of the decade.
Robust internal rate of return (IRR) supported by strong project fundamentals, staged execution, and disciplined capital allocation.
Capital investment of $2.1–$2.4 billion expected between H2 2025 and 2028, supported by detailed engineering, advanced procurement, and complete major permitting.
Largest critical minerals investment in British Columbia’s history, expected to maintain 1,500 direct jobs and $500 million in annual GDP, while generating ~2,900 construction jobs and $435 million in GDP during development.
