From the JV agreement, Right of First Offer section:

"Copper Fox will, prior to selling or disposing of all or any
portion of its Interest, first offer to sell the Interest to Teck for cash consideration
and upon such other terms and conditions as Copper Fox deems fit.

...

Teck shall be entitled to elect, upon
notice to Copper Fox, within 60 days of its offer, to purchase the Interest to be
disposed of for price and on the terms set out in Copper Fox’s offer, in which
case the closing of the sale and purchase shall take place at a mutually
agreeable time and place within 60 days of Teck's election to purchase. If, within
60 days of Copper Fox’s offer to sell, Teck elects not to purchase the Interest for
the price upon those terms and conditions Copper Fox will be free to dispose of
that Interest to a third party at any time within six months of the expiry of the time
for Teck to make an election but only for a cash consideration equal to or greater
than the cash consideration stated in Copper Fox's offer to sell to Teck..."

Has Copper Fox made an Offer to Teck in compliance with this clause in the JV agreement?