Origin Merchant Partners is pleased to announce that it provided a Fairness Opinion to the Special Committee of Teck Resources (“Teck”) with respect to the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd.
Teck is one of Canada’s leading mining companies with operations and projects in Canada, the United States, Chile and Peru. Following the spin-off, and subject to its approval, Teck will continue as Teck Metals, which will become a world-class growth-oriented producer of energy transition metals.
Elk Valley will be a pure-play, high-margin steelmaking coal producer, generating gross proceeds for Teck Metals of over $11.5 billion through a highly innovative royalty and transition capital structure.
Origin Senior Leads: Charles Pennock, Jim Osler, Jim Meloche.
