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expected to create over 360 full-time jobs and 700 construction jobs

The NewRange Copper Nickel project, formerly known as the NorthMet project, is located in northeastern Minnesota and is operated by NewRange Copper Nickel LLC. This entity is a 50:50 joint venture formed in February 2023 between Teck Resources and PolyMet Mining Corp. (now a subsidiary of Glencore). The project is situated approximately six miles south of Babbitt, with ore processing planned for the former LTV taconite plant near Hoyt Lakes. The project is currently in the permitting and development phase. Key permits have been subject to legal and regulatory challenges, with some being revoked or stayed, leading to a suspension of the contested case hearing process until at least August 2025. NewRange is undertaking studies to assess potential changes to the project's design, including tailings storage, water quality measures, and increasing production from 32,000 to 40,000 tons per day. This could potentially shorten the mine life from 20 to 15 years, while the total permitted tonnage of 225 million tons would remain unchanged.

increasing production from 32,000 to 40,000 tons per day

The processing will involve crushing, grinding, and flotation to produce copper and nickel-copper concentrates.

NewRange is undertaking studies to assess potential changes to the project's design, including tailings storage, water quality measures, and increasing production from 32,000 to 40,000 tons per day. A potential second phase could include a hydrometallurgical plant to further process nickel concentrates.

The project is supported by approximately 30 full-time employees, with additional seasonal and contractor-based teams. Project construction is estimated to create between 4,000 and 4,500 direct jobs, and once in production, the mine would create an estimated 1,200 direct jobs.

The Galore Creek Project, located in the territory of the Tahltan Nation in northwestern British Columbia, is one of the world's largest undeveloped copper-gold-silver deposits. It is operated by the Galore Creek Mining Corporation (GCMC), a 50:50 partnership between Teck Resources Limited and Newmont Corporation. The project is currently in a comprehensive pre-feasibility study stage, which is expected to be completed in early 2025. This study will inform an updated project design before the start of a major regulatory approval process. Proposed changes to the approved mine include increasing production and relocating the Tailings Management Facility and other processing facilities.

Production overview - 2023: copper 5515225.128 t, gold 293.554833 t, silver 5414.683901 t.

The project plans to use milling and flotation to produce a high-quality copper-gold concentrate.

The proposed mine is a conventional truck and shovel open-pit operation.

An updated Prefeasibility Study is on track for completion in early 2025. The project's existing Environmental Assessment Certificate (EAC) was successfully modernised, with an amendment approved on 2 December 2024, to support the resumption of access development. Following the completion of the pre-feasibility study, a major regulatory process for the updated project is expected to begin in early 2025.

30 to 35 jobs during the exploration phase

The Libby Exploration Project, formerly known as the Montanore project, is a stratabound sediment-hosted silver-copper deposit located in Lincoln County, Montana, approximately 20-23 miles south of the town of Libby. It is 100% owned by Hecla Mining Company through its subsidiary, Montanore Minerals Corporation (MMC). The project is in an exploration and evaluation phase. In 2022, Hecla withdrew the previous mine plans and launched the current exploration project from scratch. The U.S. Forest Service (USFS) issued a signed Decision Notice on 3 October 2025, approving a new Plan of Operations for underground exploration activities. This approval followed the release of a final Environmental Assessment (EA). However, a lawsuit was filed in March 2026 challenging the federal government's approval of the project. The approved exploration work is planned to take approximately 16 years and is intended to collect data to inform project engineering, environmental requirements, and overall feasibility for a potential future mine. A future decision to build a mine would require a new Plan of Operations and a separate permitting process.

The project is in an exploration phase and is not in production. No recent, official commodity grade or output figures have been released. An older, 2011 Preliminary Economic Assessment by a previous owner contemplated grades of 1.9 oz/st silver and 0.7% copper. Hecla's project page notes expected metallurgical recoveries of 88% for silver and 92% for copper.

existing adit, tunnels

The exploration plan includes repairing the existing tunnel and extending it by another 4,000 feet to conduct drilling and sampling.

expected to employ over 7,500 people during peak construction and create approximately 3,500 to 4,000 long-term jobs during production. As of March 2025, 77% of permanent employees were from Balochistan province.

The Reko Diq project, reconstituted in December 2022, has an updated feasibility study and ESIA approved. In April 2026, Barrick slowed development to review security, capital, financing, scope, and timeline, with the review expected until mid-2027. Phase 1 major works were initially planned for 2025 with first production targeted for end of 2028, but this timeline is under review.

Production overview - 2024: copper 7300000 t, gold 13000000 t.

The project will be a truck-and-shovel open pit operation with processing facilities to produce a high-quality copper-gold concentrate. The processing plant will be constructed in two phases, with Phase 1 planned to process 45 million tonnes of ore per annum starting from 2028. Phase 2 is planned to start by 2034 and will double the processing capacity to 90 million tonnes per annum.

Fluor has been selected as the lead engineering, procurement, and construction management (EPCM) partner. Key equipment suppliers selected include Metso, Weir, and Komatsu.

The project is planned in two phases. Major works for Phase 1 were planned to commence in 2025, with first production targeted for the end of 2028, though this timeline is now under review. Phase 2 is planned to start by 2034 and will double the processing capacity to 90 million tonnes per annum.

The Connaught project is currently in the exploration stage. Hecla's operational map lists the primary commodity of interest at Connaught as copper (Cu). Historically, the project has been explored for high-grade silver, lead, zinc, and gold, modelled after the Keno Hill district mines.

Hecla Mining Company acquired the Connaught project through its acquisition of ATAC Resources, which was completed in July 2023.

Production overview - 2024: copper 208000 t; 2023: copper 63000 t.

The QB2 project includes a concentrator with a capacity of 140,000 tonnes per day. The process involves crushing, milling, bulk flotation, thickening, and filtering to produce copper and molybdenum concentrates.

The primary loading units are 58.1 m³ electric rope shovels (4100XPC), matched with 305-tonne class haulage trucks. The existing fleet of Komatsu PC5500 hydraulic shovels (27.5 m³ capacity) and Komatsu WA1200-6 front-end loaders (18 m³ capacity) will also continue to be used. The haulage fleet will consist of an average of 30 CAT 794 AC autonomous trucks. At its peak, the loading fleet will comprise four electric rope shovels, one hydraulic shovel, and two front-end loaders, with a requirement for up to 45 haul trucks.

The current operation, known as Quebrada Blanca Phase 2 (QB2), is a major expansion of the original mine. There is significant potential for further growth, as the initial 27-year mine life of QB2 will utilise only about 18% of the 2022 reserves and resources. Teck is studying a debottlenecking project to potentially increase throughput. While study work continues, the company does not expect to submit a permit application for this before the end of 2026.

The Kinskuch property has been consolidated into Dolly Varden's larger Kitsault Valley Project, significantly expanding the project's total area to approximately 77,000 hectares. The property is in the exploration and development stage. A renewed five-year exploration permit is in place for the Kinskuch property, which is situated on the traditional lands of the Nisga'a and Gitanyow First Nations. Located in the Golden Triangle of British Columbia, Canada, the Kinskuch property is adjacent to Dolly Varden's existing Kitsault Valley Project. The acquisition has tripled the strike length of the prospective Hazelton Group volcanic rocks within Dolly Varden's holdings by adding the Illiance trend to the existing Kitsault Valley trend. The property is considered underexplored, with potential for silver, gold, and copper mineralisation.

The project is expected to employ 7,500 people during peak construction and create 4,000 long-term jobs. As of March 2025, 77% of employees of the Reko Diq Mining Company were from Balochistan province.

Production overview - 2025: copper 11700000 t, gold 21000000 oz.

The mine will be a truck-and-shovel operation with processing facilities to produce a high-quality copper-gold concentrate. The development includes two open pits, a processing plant, ore stockpiles, waste rock dumps, and a tailings storage facility. Construction is planned in two phases, with a combined process capacity of 90 million tonnes per annum.

Fluor has been selected as the lead engineering, procurement, and construction management (EPCM) partner. Key partners for supplying processing and mining equipment include Metso, Weir, and Komatsu.

The Reko Diq project is a greenfield open-pit mining operation that will be developed in two phases. The reconstitution of the project was completed in December 2022. An updated feasibility study was completed, and in April 2025, the joint venture shareholders approved it and the conditional development capital for phase one. The Environmental and Social Impact Assessment (ESIA) has been officially approved by government authorities. However, in April 2026, Barrick announced a slowdown in development activity and an extension of the project review until mid-2027 due to escalating security risks. This is expected to cause significant increases to the previously disclosed capital budget and timeline. The previously targeted first production by the end of 2028 is now under review.

The project is expected to employ 7,500 people during peak construction and create 4,000 long-term jobs once in production.

Production overview - 2025: copper 7300000 t, gold 404.4 t.

The project is planned as a conventional truck-and-shovel open pit operation with milling facilities to produce a high-quality copper-gold concentrate. Development is expected in two phases. Phase 1 is planned to process approximately 45 million tonnes of ore per annum. Phase 2 is planned to double the processing capacity to 90 million tonnes per annum.

Fluor has been selected as the lead engineering, procurement, and construction management (EPCM) partner. Key equipment suppliers include Metso, Weir, and Komatsu.

The Reko Diq project is one of the world's largest undeveloped copper-gold deposits. An updated feasibility study was approved by the joint venture shareholders in April 2025. However, in April 2026, Barrick announced it was slowing development activity to conduct a project review until mid-2027 due to escalating security risks in the region. This review will assess the security situation, capital requirements, project financing, scope, and timeline. The previously targeted first production by the end of 2028 is now subject to potential significant delays. The estimated capital cost for Phase 1 was revised in September 2025 to $7.723 billion. The previously disclosed estimate for Phase 1 was between $5.6 billion and $6.0 billion, with Phase 2 estimated between $3.3 billion and $3.6 billion.

As of July 2025, 96% of the mine's workforce are Tanzanian nationals, with 49% sourced from local communities. The combined workforce for Twiga Minerals' Bulyanhulu and North Mara mines was 6,185 people in early 2025.

Bulyanhulu is an operating underground gold mine in the Kahama district of the Shinyanga Region in north-west Tanzania, approximately 55 kilometres south of Lake Victoria. The operation is a joint venture named Twiga Minerals Corporation, which is 84% owned by Barrick Gold Corporation and 16% owned by the Government of Tanzania. Commercial production began in 2001. Operations were suspended and the mine was placed on care and maintenance in 2017, with underground mining restarting in late 2020. The current mine life is expected to extend to 2034. The primary commodities produced are gold, with silver and copper as by-products.

Gold production was 180,000 ounces in 2023. The combined output for the Bulyanhulu and North Mara mines was 547,000 ounces in 2022.

The processing plant has a capacity of approximately 3,300 tonnes of ore per day. The circuit includes primary and secondary crushing, semi-autogenous grinding, gravity separation, flotation, and a carbon-in-leach (CIL) process. The facility now produces gold doré bars on-site, a shift from its previous practice of shipping concentrates. A PhotonAssay laboratory has been commissioned for more accurate analysis.

The mine is a trackless underground operation accessed via a vertical shaft extending 1.1 kilometres deep and an internal ramp system.

Expansion and development efforts are focused on ramping up access to new reserves, including the Deep West and Upper West areas. Development of the Upper West decline is well advanced, with first ore expected by the end of 2025. Excavation of the near-surface Reef 2 Upper East area is planned to start in 2026. The company is also actively exploring on newly acquired prospecting licences adjacent to the mine to support future reserve growth.

30 to 35 people are planned to be employed during the exploration phase.

The Libby Exploration Project, formerly known as Montanore, is an underground silver-copper deposit in Lincoln County, Montana. It is currently undergoing underground exploration and evaluation to assess its economic and technical feasibility, involving dewatering an existing adit and extending tunnels.

Production overview - 2025: silver 183346000 oz.

The project, formerly known as Montanore, is located about 23 miles south of Libby, in Lincoln County. It is a stratabound sediment-hosted silver-copper deposit. The current phase involves underground exploration and evaluation to gather data on the deposit's economic value and technical feasibility for potential future mining. The plan includes dewatering and rehabilitating an existing adit, extending an existing 7,000-foot tunnel by 4,200 feet, and constructing additional tunnels for exploration. The U.S. Forest Service concluded that the project did not require a full Environmental Impact Statement.

The Quebrada Blanca Phase 2 (QB2) project is an open-pit copper mine in the Tarapacá Region of northern Chile. It targets a deeper sulphide resource and began production in March 2023, ramping up to full production. It uses 100% desalinated seawater and has an agreement for 100% renewable power from 2025.

Production overview - 2023: copper 63000 t.

Concentrator plant with a capacity of 140,000 tonnes per day, where copper ore undergoes crushing, milling, bulk flotation, thickening, and filtering. The copper concentrate is then transported via a 165-kilometre pipeline to a new port facility for shipment.

Caterpillar 794AC electric drive off-highway trucks

Significant potential for further expansions.

approximately 270 people

Duck Pond Operations, a former underground mine in Newfoundland and Labrador, Canada, is owned by Teck Resources Limited. The mine ceased operations on 30 June 2015, due to the exhaustion of its ore reserves. Teck continues to manage the site through its closure and reclamation phases, with recent inspections of the Tailings Management Facility noted in 2020 and 2023. The mill was demolished and removed from the site in 2022.

processed 5.0 million tonnes of ore; capacity of 1,800 tonnes per day

semi-autogenous grinding (SAG) mill, a ball mill, and a flotation circuit to produce separate copper and zinc concentrates

A total of 15.9 million tonnes was mined over the 11 years of production.

The proposed processing method involves a conventional plant with a nominal throughput of 133,000 tonnes per day. The process would use crushing, milling and filtering to produce ore concentrates. The joint venture is investigating the potential of coarse particle flotation to optimise the milling process and reduce power costs.

The proposed mining method is conventional truck and shovel. A solar array and battery installation has been installed to reduce diesel consumption for the camp power, cutting carbon emissions for the camp by an estimated 70%.

The Schaft Creek project is one of North America's largest undeveloped porphyry copper-gold-molybdenum-silver deposits. The SCJV is advancing the project, with the objective to transition from the scoping stage to a pre-feasibility study (PFS), which is anticipated to commence in early 2026. The 2025 program, with a budget of C$15.8 million, focused on technical investigations of key infrastructure, including drilling, geophysical surveys, and ongoing environmental baseline studies. The environmental assessment for the project was withdrawn in 2016 and will require a new process.

more than 360 direct operations jobs and 700 construction jobs

The NewRange Copper Nickel project consists of two separate mineral deposits in northeastern Minnesota: NorthMet and Mesaba. The project is currently in the permitting and study phase. In June 2023, the U.S. Army Corps of Engineers revoked the project's Section 404 Clean Water Act Permit. The Minnesota Department of Natural Resources has also delayed proceedings for the permit to mine, with resolution not expected until at least late 2025, pending the outcome of ongoing studies. These studies are assessing potential changes to the project's design, including tailings storage, water treatment, and production efficiency.

initial planned ore processing rate is 32,000 tons per day, though studies are underway to potentially increase this to 40,000 tons per day.

primary crushing circuit, a semi-autogenous grinding (SAG) mill, a ball mill, and a flotation circuit to produce copper and nickel-copper concentrates. A second phase may include a hydrometallurgical plant to further process nickel sulfide concentrates.

conventional open pit, truck and shovel operation, primary crushing circuit, semi-autogenous grinding (SAG) mill, ball mill, flotation circuit

A second phase may include a hydrometallurgical plant to further process nickel sulfide concentrates. Studies are underway to potentially increase the initial planned ore processing rate from 32,000 tons per day to 40,000 tons per day.

around 5,000 direct and indirect jobs during its different phases

expected to produce an average of 63,000 tonnes of copper and 147,000 tonnes of zinc in concentrate per year for the first five years

conventional flotation plant with a processing capacity of up to 20,000 tonnes per day to produce copper and zinc concentrates

truck-and-shovel open pit operation

Agnico Eagle acquired a 50% interest in the project in April 2023 and has committed to funding the first US$580 million of project costs. An Environmental Impact Assessment and a Change of Land Use permit application were submitted in January and June 2024, respectively. Authorisation for these permits is anticipated by the end of the second quarter of 2026. An updated feasibility study is expected to be completed in the first half of 2025.

30 to 35 people

The Libby Exploration Project, formerly the Montanore Mine, is a stratabound sediment-hosted silver-copper deposit in Lincoln County, Montana, operated by Hecla Mining Company's subsidiary. In October 2025, the U.S. Forest Service authorized underground exploration and evaluation activities, expected to take 16 years. Environmental groups challenged the approval in March 2026. As of December 2024, it has an Inferred Resource of 112.2 million tons grading 0.7% copper and 1.6 oz/t silver.

Production overview - 2024: copper 101786560 t, silver 101786560 t.

A 2021 Preliminary Economic Assessment (PEA) outlined a 133,000 tonnes-per-day operation.

Project construction is estimated to create between 4,000 and 4,500 direct jobs over a five-year period. Once in production, the project is expected to create approximately 1,200 direct jobs. The project is currently supported by about 30 full-time employees and a seasonal, contractor-based team.

The Galore Creek project is one of the world's largest undeveloped copper-gold-silver deposits, located in the territory of the Tahltan Nation in northwestern British Columbia. The project is currently in the pre-feasibility stage. An updated Prefeasibility Study is underway and is expected to be completed in 2024 or early 2025. This study will inform an updated project design ahead of a major regulatory approval process. In 2024, the project's existing Environmental Assessment Certificate was successfully modernised in collaboration with the Tahltan Nation and the Province of British Columbia, which supports the resumption of access development. The Galore Creek Mining Corporation is focused on advancing environmental and social baseline studies, alongside design and engineering work. In September 2024, the Canadian government announced potential funding of up to $60 million for the construction of a 43-kilometre access road to support the mine's development.

Production overview - 2023: copper 5515237.088 t, gold 293.589993 t, silver 5414.10001 t.

The processing plan involves a conventional concentrator plant with a proposed capacity of 95,000 tonnes per day. The plant will produce a high-quality copper-gold concentrate.