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Exiro-led group to buy 81% of Manitoba’s Thompson Nickel Mine, investing $280M to boost output and jobs.
A consortium led by Exiro Nickel Company, including Exiro Minerals, Orion Resource Partners, and the Canada Growth Fund, has agreed to invest up to $280 million in Vale Base Metals’ Thompson Nickel Mine in Manitoba, acquiring an 81.1% stake while Vale retains 18.9%.
The deal, expected to close by end of 2026, aims to double production within five years, expand the workforce, and extend the mine’s life, with no layoffs anticipated.
The project follows Vale’s 2025 strategic review and includes a five-year offtake agreement.
The Manitoba and federal governments welcomed the announcement, citing job preservation and support for Canada’s critical minerals supply.
El grupo liderado por Exiro comprará el 81% de la mina de níquel Thompson de Manitoba, invirtiendo 280 millones de dólares para impulsar la producción y los empleos.