Tech has received approval to extend the lifespan of Highland Valley copper mines


Teck Resources Limited (NYSE:Tech) in 11 best copper stocks to buy now. The British Columbia Government has granted Teck Resources Limited (NYSE: Teck) a certificate of environmental assessment for the Highland Valley Copper Mine Life Extension Project (HVC MLE).

Teck has been approved to extend the lifespan of the Highland Valley Copper Mine.
Teck has been approved to extend the lifespan of the Highland Valley Copper Mine.

Close-up of automated machines handling other industrial metals and mining resources.

With this approval, Teck Resources Limited (NYSE: TECK) can proceed with its final construction sanctions decision expected in the third quarter of 2025. Permission and site preparation will begin soon. The project is expected to generate $500 million in GDP per year, support 1,500 continued positions once completed, and create 2,900 construction jobs.

The goal of HVC MLE is to continue operating at Canada’s largest copper mine until the mid-2040s. The project complements Teck Resources Limited (NYSE:TECK) copper growth plans and supports key mineral supply chains in North America.

President and CEO Jonathan Price has recognized the partnership between stakeholders, British Columbia and the Indigenous Government. Teck Resources Limited (NYSE: TECK) places great importance on the responsible development of metals, essential for economic growth and the global energy transition, with world-class copper and zinc operations throughout the United States. It is one of the best copper stocks.

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Read next: 10 High-Growth EV Stocks to Invest and 13 best car stocks to buy in 2025.

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