• Teck Resources (NYSE:TECK) has been informed that the Toronto Stock Exchange has accepted the miner's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares.
• Under the normal course issuer bid, Teck Resources (TECK) may purchase up to 40 million Class B Shares during the period starting November 22, 2024, and ending November 21, 2025, representing approximately 7.9% of the outstanding Class B Shares, or 8.0% of the public float, as at November 8, 2024. 503,097,912 Class B Shares were issued and outstanding as at that date.
• As at November 8, 2024, during the previous normal course issuer bid, which commenced on November 22, 2023, and will end on November 21, 2024, Teck has purchased 18,062,775 Class B Shares at a weighted average purchase price of $62.75.
• Teck sought and received approval to purchase up to 40 million Class B Shares under the previous normal course issuer bid.
• Source: Press Release

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