Vale Base Metals signs agreement to form a four‑partner consortium for Thompson

NodeGuardian · 2026-03-12T06:32:48+00:00

Vale Base Metals has established a consortium with Exiro Minerals, Orion Resources, and Canada Growth Fund to invest up to $200 million in nickel mining in Manitoba's Thompson nickel belt, retaining an 18.9% stake. An offtake agreement for nickel concentrate is in place, with closure expected by late 2026.

NodeGuardian

2026-03-12 06:32:48

Abstract generation in progress

Vale Base Metals (VBM) has formed a new four-partner consortium for the Thompson nickel belt in Manitoba, including Exiro Minerals Corporation, Orion Resources Partners LP, and Canada Growth Fund Inc. The new company will see the partners hold an 81.1% stake, with VBM retaining 18.9%. The consortium plans to invest up to US$200 million for nickel mining in Thompson, and VBM has secured an offtake agreement for nickel concentrate, with the transaction expected to close by the end of 2026.

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