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.

Feb 22, 2026, 11:13 AM