TORONTO – Vale Base Metals says it has signed a deal with Glencore Canada to jointly evaluate a potential brownfield copper project at their adjacent properties in the Sudbury Basin
The plan includes the use of the existing shaft and infrastructure at Glencore’s Nickel Rim South Mine to access nearby copper deposits.
Once the early work is complete, the agreement proposes a joint venture that would see VBM and Glencore become equal partners.
The project is estimated to have a capital cost of about US$1.6 billion to US$2 billion.
Detailed engineering, permitting and consultation work is expected to happen next year.
A final investment decision is expected in the first half of 2027.
This report by The Canadian Press was first published Dec. 2, 2025.
