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Vale Base Metals Forms New Consortium to Invest Up to $200M in Manitoba Nickel Mining

STRATEGIC MINERALS

Vale Base Metals announced a partnership with Exiro Minerals Corp., Orion Resource Partners LP, and Canada Growth Fund Inc. to invest up to $200 million in the Thompson Mine Complex in Manitoba. The new company, Exiro Nickel Company, will own 81.1% of the venture, while VBM will hold 18.9%. The transaction aims to secure jobs and ensure sustainable mining operations, with closure expected by the end of 2026, pending regulatory approvals.

Vale Base Metals Forms New Consortium to Invest Up to $200M in Manitoba Nickel Mining
Feb 22, 2026, 11:13 AM

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