Teck Resources seeking shareholder approval to separate into two companies

Teck Resources "announced it has filed the management proxy circular and related materials for its annual and special meeting of shareholders to be held on April 26, 2023. At the Meeting, Teck is seeking shareholder approval for, among other things, the previously announced reorganization of Teck’s business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd., and the previously announced proposal to introduce a six-year sunset for the multiple voting rights attached to the Class A common shares of Teck, all of which are described in the Circular. Teck also announced today that the Supreme Court of British Columbia has granted interim orders in connection with the Separation and the Dual Class Amendment. The Interim Orders authorize the calling and holding of the Meeting to approve the Separation and the Dual Class Amendment. Copies of the Interim Orders are attached to the Circular. The Board of Directors of Teck is recommending that shareholders vote for each of the Separation and the Dual Class Amendment."