Overview
- Exiro Minerals, Orion Resource Partners and the Canada Growth Fund will own 81.1% of a new company for the Thompson Mine Complex, with Vale retaining 18.9%.
- The new owners target a production ramp that aims to double output within five years and increase hiring beyond the current workforce of about 700.
- Vale signed an offtake agreement for nickel concentrate from the Thompson mill, following a 2025 strategic review of the operation.
- Prospector Metals and NexGold were named to the 2026 TSX Venture 50 for 2025 performance, with Prospector ranking seventh after a 1,130% share gain and NexGold posting a 155% rise.
- Junior-market moves included Silver Valley closing a $2.0 million placement with conditional TSXV approval, Steppe Gold receiving the final ~$3 million Tres Cruces payment, Atomic Minerals entering an IR pact subject to TSXV approval, and Blossom Gold debuting on TSX with Rosebud drilling slated to start in March.