Vale Base Metals to form consortium for $200m Thompson mine investment

Vale Base Metals (VBM) is set to establish a consortium with three companies to inject up to $200m (C$273.86m) into the Thompson Mine Complex in Manitoba, Canada. This initiative aims to safeguard the future of nickel mining and ensure job stability in the region. The new entity, Exiro Nickel Company, will comprise Exiro Minerals, Orion Resource Partners, the Canada Growth Fund (CGF) and VBM. Exiro, Orion and CGF will hold 81.1% of Exiro Nickel Company, with VBM retaining an 18.9% stake. VBM has also ...