Vale Forms Consortium with Exiro Minerals, Orion Resource, and Canada Growth Fund for Thompson Mine Investment
STRATEGIC MINERALS
Vale Base Metals has partnered with Exiro Minerals Corp., Orion Resource Partners LP, and Canada Growth Fund Inc. to invest up to $280 million in the Thompson Mine Complex in Manitoba. The new company, Exiro Nickel Co., will have an 81.1% stake held by the partners, with Vale owning 18.9%. The consortium aims to double production within five years and enhance job security in the region.

Feb 22, 2026, 6:07 AM