$TECK-B.TO

Star Copper Engages former Teck Resources Exploration Manager Klaus Heppe as Strategic Advisor

Star Copper (STCU.CN) has entered into a consulting services agreement dated effective as of May 15, 2026 with Klaus Heppe, a Vancouver-based technical advisor with a track record of porphyry development from exploration to commercialization, the company said on Wednesday.Heppe will, among other things, support, assist and advise the company and board on certain technical, exploration and strategic project development options, said the company.Heppe is a "seasoned executive" with more than 20 years of experience advancing multi-commodity exploration, discovery, and resource growth across the Americas, from early-stage exploration through feasibility studies and large-scale mine operations, stated the company. He spent most of his career with Teck Resources Limited (TECK-A.TO, TECK-B.TO), where he held several senior leadership roles, including Exploration Manager, Chile and Director, Exploration - Discovery Excellence, it said.Heppe currently serves as VP of Exploration at Quilla Resources Inc, a Canadian/Peruvian company that has brought the Chapi copper mine in Peru back into production in record time, added the company."As we quickly head into the largest and most coordinated exploration effort in the history of the Star Project, we are extremely grateful to have Klaus supporting our team," said the company's Chief Executive Officer, Darryl Jones. "He brings significant technical, managerial, and scientific horsepower to what is shaping up to what could be our most intensive and rewarding exploration season ever."

Titan Mining to Collaborate with Teck Resources on Germanium Recovery from Empire State Mines

Titan Mining (TI.TO) has entered into a cooperation agreement with Teck Resources (TECK-B.TO, TECK-A.TO) to evaluate the recovery of germanium from existing processing streams at the Empire State Mines, the company said on Wednesday.Germanium recovery could potentially become a new significant revenue opportunity and support domestic supply of materials essential for defense, semi-conductors and chip manufacturing.The cooperation agreement contemplates evaluation of the potential for about 13,000 kilograms per year of contained germanium within existing ESM process streams.Germanium is hosted in material currently reporting to waste streams, offering a pathway to recovery from existing operations with no additional mining or expansion of infrastructure required.Teck's Trail operations is the only commercial-scale facility in North America recovering germanium from primary sources.

Titan and Teck Initiative Targets "Potential Substantial" Cash Flow From Prior Unprocessed Materials With No Additional Mining Required

Titan Mining Enters into Cooperation Agreement with Teck's Trail Operations to Evaluate Germanium Recovery from Existing Mine Waste Streams

Kodiak Copper, Teck Subsidiary, to Create U.S.-Focused Copper Exploration Company

Kodiak Copper (KDK.V) on Wednesday signed a non-binding letter of intent (LOI) with Teck Resources (TECK-B.TO) unit Teck American, and privately-held Kay Copper to form a new copper-exploration company.Kodiak is selling its Mohave project, and Teck, its Copper Hill project, both in Arizona, into a subsidiary of Kay Copper to create a U.S.-focused copper-exploration company that would list on the TSX Venture Exchange. Kodiak Copper and Teck would each have a 28% equity stake in the company, a statement said.The new company also intends to raise $4.0 million through a subscription receipt financing at $0.25 per share. Proceeds will fund exploration work to materially advance both projects in 2026.The company will be led by Adam Schatzker as chief executive officer. Schatzker was most recently vice president, corporate development at Canada Nickel Company (CNC.V).Kodiak Copper shares were last seen up $0.01 to $0.91 on the TSX Venture Exchange.Price: $0.91, Change: $+0.01, Percent Change: +1.11%

Copper Equities Down 5.5% Week over Week, RBC Says

Copper equities fell 5.5% over the past week driven by a pullback in gold, a firming U.S. dollar, and a sharp oil rally, as markets digest the spillover effects of the war in Iran, RBC Capital Markets said Monday.Sulfuric acid availability remains in focus as China plans to halt acid exports in May to prioritize domestic fertilizer and battery production. Prices are reaching about $1,000 per tonne, threatening leaching operations that represent 20% of global copper output, while operations in the Democratic Republic of Congo rely primarily on Middle Eastern acid.Ivanhoe Mines (IVN.TO) stands out as a clear beneficiary of this acid supply squeeze, with the newly commissioned Kamoa-Kakula smelter producing 1,200 tonnes per day of acid that could generate over $400 million in annual byproduct revenues at spot prices.Capstone Copper (CS.TO) and Lundin Mining (LUN.TO) face potential cost headwinds from theirChilean leaching operations, although local supply chains and term contracts could provide insulation in the near term, RBC said.Price: $78.52, Change: $-3.72, Percent Change: -4.52%

Teck Resources Maintained at Hold at Stifel Canada Following Q1 Results; Price Target Kept at C$80.00

Stifel Canada on Friday reiterated its hold rating on the shares of Teck Resources (TECK-B.TO) and its C$80.00 price target following the miner's first-quarter results."Teck reported strong Q1/26 adjusted FD EPS of $1.75 vs. our $1.02 estimate (consensus: $1.12) and adjusted EBITDA of $2,088Mln vs. our $1,577Mln forecast (consensus: $1,544Mln) driven by higher copper sales with sales exceeding production due to shipment of inventory carried over from Q4/25, higher throughput and grades at HVC, and higher grades at Antamina as expected in the mine plan. Q1/26 also benefited from better performance at Trail (gross profit $257Mln vs. our $153Mln) from elevated silver, gold and specialty metals pricing. With every US$1/Bbl change in WTI impacting EBITDA by $8Mln, we estimate a $280Mln or 5% EBITDA impact at US$100/Bbl in 2026. Teck does not currently see significant risk of fuel supply disruption, though there could be an amplified impact on costs on Chilean operations due to the requirement for diesel imports," analyst Raplh Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $83.34, Change: $+0.03, Percent Change: +0.04%

Teck Resources Price Target Raised at CIBC, TD

Analysts at CIBC Capital Markets and TD Securities raised their price targets on Teck Resources Ltd. (TECK-B.TO) to $83 from $79, and to $82 from $80, respectively, on Friday.CIBC analyst Anita Soni maintained a Tender rating on shares of the Canadian resource company following its Q1 results on Thursday."The clean beat against our estimate was largely driven by higher copper production in Q1/26 and higher sales of 155kt and zinc sales of 135kt (combined Zn in concentrate and refined) vs. CIBCe of 122kt and 107kt, respectively, due to Q4/25 shipments of inventory," Soni said in a note to clients.TD Analyst Craig Hutchison maintained a Hold rating on Teck shares."We view the strong Q1 result as supportive of our medium-term outlook, with Teck demonstrating strong operational execution following reset expectations, and robust free cash flow generation supported by strength across the portfolio," Hutchison said in a note to clients."While we do view shares as fully valued, QB execution risk continues to decline and the net-cash balance sheet remains well positioned," the analyst said.

Teck Resources' Q1 Adjusted Earnings Surge YoY on Record Copper Sales

Teck Resources (TECK-B.TO) was at last look down 1.2% in US premarket trade after it earlier Thursday reported a jump in first-quarter adjusted earnings, supported by record quarterly copper sales.Adjusted profit attributable to shareholders was C$858 million, or $1.75 per share, a surge from $303 million, or $0.60 per share. The result beat the first-quarter non-GAAP consensus earnings per share estimate of $1.12 compiled by FactSet.Revenue came in at $3.94 billion, up from $2.29 billion. The result beat the first-quarter sales consensus sales estimate of $3.23 billion compiled by FactSet.Adjusted EBITDA was $2.09 billion, up from $927 million. The increase was driven by record quarterly copper sales volumes, higher commodity prices and increased revenue from by-products.Quebrada Blanca copper sales volumes of 70,300 tonnes in the first quarter was a quarterly record. Production volumes for the quarter were 55,500 tonnes.Teck maintained its 2026 copper production guidance of 455,000 to 530,000 tonnes.