Vale's Thompson Mine complex under new ownership

It’s Official – Vale’s Thompson Mine Under New Ownership

Exiro Nickel Company has completed its acquisition of Vale’s Thompson Mine complex, marking a significant development for the province’s nickel industry.

Premier Wab Kinew joined federal and company representatives in making the announcement in Thompson on Friday.

The acquisition has the backing of $280 million in new investments from partners including the Canada Growth Fund and Orion Resource Partners.

Nickel is designated as a critical mineral by the government of Canada. The Thompson mine, located within the Thompson Nickel Belt, is one of the most significant nickel resources and accounts for an estimated 10 to 15 percent of Canada’s annual nickel production.

For more details, read the official news release here.

View the CBC story here.

The Mining Association of Manitoba Inc., is headquartered on Treaty 1 and we acknowledge that our members operate on Treaty territories within the Province of Manitoba and the unceded lands of the Dakota, the traditional territories of Anishinaabe, Cree, OjiCree and Dene peoples and the National Homeland of the Red River Métis.