NewRange Copper Nickel LLC

NewRange Copper Nickel LLC, based in Hoyt Lakes, Minnesota, is a joint venture between Teck Resources Limited and PolyMet Mining Corp. The company is dedicated to responsibly developing the NorthMet and Mesaba deposits, two significant sources of copper, nickel, cobalt, and platinum group metals within Minnesota's historic Iron Range. By focusing on these critical minerals, NewRange aims to enhance U.S. energy security and support the transition to clean energy technologies. 

Committed to environmental stewardship and community engagement, NewRange plans to invest over $1 billion in the region, creating more than 300 family-sustaining careers. The company emphasizes responsible mining practices, including modernizing existing sites and setting aside nearly $1 billion in financial assurance to ensure environmental quality standards are met or exceeded. Through collaboration with local communities and Tribal Nations, NewRange seeks to build upon the Iron Range's rich mining legacy, stimulating economic growth and contributing to a cleaner future.