#Canada #Toronto #Vale Base Metals #Voisey's Bay #Cobalt

Vale Base Metals Celebrates Cobalt Test Achievement

Vale Base Metals has made remarkable strides with the completion of its cobalt throughput test at the Voisey's Bay mining site. This milestone, reached on September 4, 2025, underscores the operational success and efficiency of the company.

The cobalt throughput test was a stipulation in the agreement established with Wheaton Precious Metals Corp. and Ecora Resources PLC. For 90 consecutive days, the Voisey's Bay operation needed to maintain an average throughput rate of at least 85% of its capacity. Surpassing these expectations, the operation achieved an impressive average throughput rate of 93.7%, showcasing not just compliance but exceptional performance.

Shaun Usmar, the Chief Executive Officer of Vale Base Metals, expressed his satisfaction with the results. He stated, "This is a meaningful achievement for Voisey's Bay. It signifies our successful transition to underground mining, illustrating that we are not only meeting but exceeding our planned production rates."

He further extended his gratitude to the Voisey's Bay team for their dedication and labor in reaching this significant goal. "I want to acknowledge and thank Roberto Damasceno, Pieter Loock, and the entire team for their hard work. This milestone exemplifies how Vale Base Metals is transforming into a safer, more reliable, and cost-efficient operator that consistently meets its commitments."

A Transformative Journey

Voisey's Bay began its operations in 2005 as an open-pit mine. The site has undergone a significant transformation in recent years, culminating in a multi-year expansion project completed in late 2024 that transitioned its operations to underground mining. This strategic move not only boosts production capabilities but also ensures that Voisey's Bay remains a vital contributor to economic growth in Newfoundland and Labrador, while supplying low-carbon, high-quality nickel, copper, and cobalt for years to come.

Vale Base Metals stands as a leading global producer of high-quality nickel and plays a crucial role in the responsible sourcing of copper and cobalt. With its main office located in London, the company operates across several territories, including Newfoundland and Labrador, Ontario, Manitoba, Indonesia, Brazil, and Japan. Vale Base Metals is primarily owned by Vale S.A., holding 90% ownership, with Manara Minerals Investment Company retaining the remaining 10% stake.

The successful completion of the cobalt throughput test not only highlights Vale Base Metals' commitment to operational excellence but also enhances its reputation as a reliable player in the global mining industry. As they look to the future, the achievements at Voisey's Bay reinforce their commitment to sustainable mining practices and economic development in the regions where they operate, ultimately benefiting stakeholders, communities, and the environment alike.

Vale Base Metals continues to be at the forefront of the mining sector, demonstrating how innovation and dedication can lead to substantial achievements in both production and sustainability. The company eagerly anticipates further advancements and successes as it presses onward in its mission to provide essential resources while adhering to high standards of corporate responsibility.