Teck Resources & Grid Metals to Develop Makwa Nickel Project in Canada

Teck Resources (TECK) has entered into an option and joint venture agreement with Grid Metals Corp. to explore and develop the Mawka nickel project in southeastern Manitoba, Canada.  Per the deal, TECK has the option to acquire up to 70% interest in the project in two stages. For this, Teck Resources will have to make a total cash payment of CAD$1.6 million ($1.12 million) and fund a total of CAD$15.7 million ($11.02 million) in expenditures. This will be made in different stages by TECK through 2025-2031.T ...