Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Teck sells 30% stake in QB2
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Wow. This sure reduces the amount Teck has to pay for their share of the project. I wonder what they're going to do with all that money...

The consideration payable by SMM and SC consists of:

  • US$1.2 billion contribution for a 30% indirect interest in QBSA
    • US$800 million earn-in contribution
    • US$400 million matching contribution
  • US$50 million to Teck upon QB2 achieving optimized target mill throughput of 154ktpd by December 31, 2025, subject to adjustment
  • Contingent contribution of 12% of the incremental NPV of a major expansion project (“QB3”) upon approval of construction, subject to adjustment
    • 8% contingent earn-in contribution
    • 4% matching contribution
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