Teck Receives Environmental Assessment Certificate for Highland Valley Copper Mine Life Extension

VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that the B.C. Government has issued an Environmental Assessment Certificate for the proposed Highland Valley Copper Mine Life Extension project (“HVC MLE”).

“This positive decision by the Government of B.C. will support extending the life of Canada’s largest copper mine, strengthening the North America critical minerals supply chain and contributing to jobs and economic activity,” said Jonathan Price, Teck President and CEO. “This is an important step forward that positions the project for a final construction sanction decision in the near term. I want to thank Indigenous Governments and the Province of B.C. for their thoughtful assessment of HVC MLE, and local communities, employees and all stakeholders for their engagement and feedback.”

Site preparation work is expected to start shortly along with work to secure additional required permits, with a final construction sanction decision by Teck’s Board of Directors expected in the third quarter of 2025.

HVC MLE is expected to create about 2,900 jobs during the construction phase of the project. After construction, Highland Valley Copper’s ongoing operations will support approximately 1,500 direct jobs and $500 million in annual GDP. The HVC MLE would extend the life of Highland Valley Copper to the mid-2040s.

For more information go to: https://news.gov.bc.ca/releases/2025ENV0026-000584

For photos and video of Highland Valley Copper go to: Photo and Video Gallery

Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results “may”, “could”, “should”, “believe”, “would”, “expect”, “continue”, “might” or “will” be taken, occur or achieved. Forward-looking statements include qualifications and limitations relating to the expected permitting and sanction decision timeline, if any; the ability of HVC MLE to receive and maintain permits; the expected value that would be created ; the continuing positive relationships with Indigenous peoples and local communities; the framework for regulatory process and timeline being adhered to; Teck’s ability to execute planned activities; Teck’s ability to execute its construction plans and the expected timing of HVC MLE completion; the expected extended mine life of Highland Valley Copper; the community benefits of HVC MLE, including creation of jobs and the creation of annual GDP; the ability of HVC MLE to strengthen the North American critical minerals supply chain; the profitability of Highland Valley Copper; and Teck being a well-positioned copper development company.