Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: The Teck Two-step
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Agreed.   Just a matter of time.....

Teck's news release from November 2023:

 

TECK ANNOUNCES FULL SALE OF STEELMAKING COAL BUSINESS

November 13, 2023

 
 
  • Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basis
  • Minority sale to Nippon Steel Corporation
  • Proceeds will be used to strengthen Teck’s balance sheet, return cash to shareholders and ensure Teck is well positioned to realize value from its copper growth portfolio
  • Teck to retain all steelmaking coal cash flows until expected closing in third quarter of 2024
  • Glencore to establish Canadian head office for the steelmaking coal business in Vancouver, maintain jobs and increase investment in the business and local communities
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