trending Market Intelligence /marketintelligence/en/news-insights/trending/l_9AEeJvGdMV5FxMToDKiA2 content esgSubNav
In This List

Teck takes 13.8% stake in Sun Metals

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall


Teck takes 13.8% stake in Sun Metals

Teck Resources Ltd. said Dec. 20 that it purchased a 13.8% stake in Sun Metals Corp.

The Canadian diversified miner acquired 12.5 million shares in Sun Metals at 28 cents per share for C$3.5 million. The acquisition was made for investment purposes.

Sun Metals' proceeds from the placement will be used to fund exploration at the Stardust copper-gold project in British Columbia.