Teck Highlights Progress on Quebrada Blanca Ramp up, Pathway to Full Potential, and Value Delivery to Shareholders from Merger

About this update from Teck Resources Limited Class A

[{"type":"text","content":"Teck Highlights Progress on Quebrada Blanca Ramp up, Pathway to Full Potential, and Value Delivery to Shareholders from MergerOpportunity to create one of the largest global copper complexes\n\n\n\n SANTIAGO, Chile, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) provided an update on its roadmap to long-term value creation, including progress ramping up Quebrada Blanca (QB) and the Company’s proposed merger with Anglo American plc (“Anglo American”) inclusive of the potential benefits of combining QB and Collahuasi to create one of the largest global copper complexes, during an investor presentation and QB site tour November 3 and 4 in Chile.\n \n\n “We have a clear path to creating tremendous value for shareholders by completing the transformative merger of equals with Anglo American and continuing to advance the ramp up and optimization of QB,” said Jonathan Price, President and CEO. “Completion of the merger will create a leading growth-oriented copper investment vehicle with resilience and capacity to realize significant value across the combined portfolio. Integrating QB and Collahuasi is widely recognized as one of the most compelling industrial synergy opportunities in the industry today, and will establish one of the largest global copper complexes, unlocking additional production and value for all stakeholders.”\n \n\n\n Realizing the full value of QB\n \n\n QB is a tier-one, multi-generational copper asset with state-of-the-art facilities. The current mine plan only utilizes 15% of the resource base, providing multiple pathways for long-term growth. Performance has improved with the implementation of the QB Action Plan in August, with work progressing on resolving the constraint on production posed by the slower-than-expected development of the Tailings Management Facility. Recent progress includes:\n \n\n\n\n Mill throughput and recoveries running in line with expectations through October\n \n\n Completing construction of three rock benches, with the fourth on track to be completed by the end of 2025 and the fifth in H1 2026 to enable ongoing production\n \n\n Replaced 59% of cyclones to date to incorporate new technology, on track to replace 100% of cyclones by the end of 2025\n \n\n Sand drainage ra...

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