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VANCOUVER, British Columbia, Feb. 16, 2023 (GLOBE NEWSWIRE) — On the request of the Funding Trade Regulatory Group of Canada and the New York Inventory Trade, Teck Assets Restricted (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) as we speak confirmed that it’s evaluating options for its steelmaking coal enterprise, together with the doable spin-out of an curiosity in that enterprise to its shareholders. Any transaction can be anticipated to create worth for Teck’s shareholders and assist continued advantages for communities and Indigenous Peoples within the areas the place Teck operates.

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No resolution has been reached to proceed with a transaction and there might be no assurances that any transaction will eventuate. Teck doesn’t intend to make any further feedback concerning this matter except and till a proper resolution has been reached.

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Ahead-Wanting Statements
This press launch comprises sure forward-looking statements throughout the that means of the Unites States Non-public Securities Litigation Reform Act of 1995 and forward-looking info as outlined within the Securities Act (Ontario). Ahead-looking statements and data might be recognized by statements that sure actions, occasions or outcomes “could”, “may”, “ought to”, “would”, “may” or “will” be taken, happen or achieved. Ahead-looking statements embrace statements concerning regarding Teck’s intention to make purchases of Class B subordinated voting shares, and Teck’s expectations concerning the impacts of any transaction to spin out its steelmaking coal enterprise by way of creating worth for shareholders and advantages for communities and Indigenous Peoples.

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Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements, which can trigger the precise outcomes, efficiency or achievements of Teck to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements.

Elements which will trigger precise outcomes to range embrace, however aren’t restricted to, operational points affecting the coal enterprise, adjustments generally financial or market situations, and different danger elements impacting Teck’s enterprise as detailed in Teck’s annual info kind and in its public filings with Canadian securities directors and the U.S. Securities and Trade Fee. Declaration of dividends is on the discretion of the Board and dividends, in addition to share repurchases, are topic to situations below company legislation. Any of the foregoing could have the results of proscribing future dividends or share repurchases. Teck doesn’t assume the duty to revise or replace these forward-looking statements after the date of this doc, besides as could also be required below relevant securities legal guidelines.

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About Teck
As one in all Canada’s main mining corporations, Teck is dedicated to accountable mining and mineral growth with main enterprise models targeted on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Inventory Trade below the symbols TECK.A and TECK.B and the New York Inventory Trade below the image TECK. Be taught extra about Teck at www.teck.com or observe @TeckResources.

Teck Media Contact

Chris Stannell
Public Relations Supervisor
604.699.4368
chris.stannell@teck.com

Teck Investor Contact

Fraser Phillips
Senior Vice President, Investor Relations and Strategic Evaluation
604.699.4621
fraser.phillips@teck.com