"We are confident that our leadership team is executing the right strategy to maximize long-term value for shareholders and all stakeholders." "This transaction marks a new era for Teck as a company focused entirely on providing metals that are essential to global development and the energy transition," said Jonathan Price, President and CEO. "Moving forward as a pure-play energy transition metals company, we will build on our core portfolio of strong, cash-generating assets through development of our near-term copper growth projects. Completion of this transaction will provide substantial funding for our projects, giving Teck a pathway to increase copper production by a further 30% as early as 2028." "This transaction will enable us to reduce debt and retain significant cash to fund our near-term metals growth and maintain a resilient balance sheet, while also providing a significant return of cash to our shareholders," said Price.