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Teck Resources announced this week that it has acquired 12,500,000 common shares of Sun Metals, the Vancouver-based mineral exploration company.
As a result of the Acquisition, Teck now holds approximately 13.8% of Sun Metals’ outstanding common shares. Sun Metals is a mineral exploration company focused on advancing its flagship Stardust project located in northcentral British Columbia, Canada.
Sun Metals recently announced final results from its 2018 diamond drill program at Stardust, stating that is has been successful in identifying a major mineralized pathway leading toward the heart of a high-grade system. The program has highlighted target areas to focus on in 2019 that are prospective for adding tonnage to the existing resource at Stardust.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange.
Last month Teck was named as one of Canada’s Top 100 Employers for 2018 by Mediacorp. Canada’s Top Employers program recognises companies for exceptional human resources programs and forward-thinking workplace policies.
“This award is a reflection of our talented and engaged employees whose commitment, enthusiasm and ability is critical to our ongoing success,” said Don Lindsay, President and CEO at Teck. “Teck is focused on building a culture of safety and employee engagement while supporting diversity, innovation and leadership development across our workforce.”
The recognition follows on from Teck being named to the Dow Jones Sustainability Index (DJSI) for the ninth straight year, putting its sustainability practices in the top 10% of the 2,500 largest companies in the S&P Global Broad Market Index (BMI).