Intrepid Metals Corp. Secures 9.9 % Equity Stake from Teck Resources
Intrepid Metals Corp. (TSXV: INTR, OTCQB: IMTCF) announced on December 18, 2025 that Teck Resources Limited had completed a non‑brokered private placement of 8,800,000 common shares in the company. The transaction, closed on December 23, 2025, represents a 9.9 % strategic equity interest for Teck, with an issue price of $0.45 per share. Gross proceeds of $3.96 million will be directed toward an initial 24‑month exploration and development program at the Corral copper project in British Columbia.
The committed program will encompass a 50‑kilometre induced‑polarization (IP) survey, geological mapping, geochemical sampling, metallurgical work, permitting, and drilling designed to expand known mineralised zones and to test new targets identified through Intrepid’s integrated, multi‑dataset targeting approach. The company expects to conduct additional mapping, geophysics, sampling and drilling at Corral in the second half of 2026.
In addition to the capital infusion, Intrepid and Teck have signed an Investor Rights Agreement, providing Teck with certain protective rights and preferences in the event of future equity issuances, debt financing or other corporate actions.
Corral Copper: New Mineralization Identified
On December 22, 2025, Intrepid Metals reported the discovery of new mineralisation approximately 1 km east of the existing mineralisation at Corral Copper. While the announcement did not disclose detailed assay results, the finding is consistent with the company’s thesis that the target area hosts a structurally controlled copper‑gold system. The new mineralisation will be incorporated into the forthcoming drilling programme to refine the resource model and to assess the potential for a larger deposit.
Market Context
Intrepid’s market capitalisation stands at roughly CAD 38 million, with a closing share price of CAD 0.48 on December 21, 2025. Over the past year the stock has ranged from a 52‑week low of CAD 0.31 to a high of CAD 0.65. The recent equity injection and the confirmation of additional mineralisation are expected to support a positive trajectory for the company’s exploration pipeline, while the partnership with Teck provides a strategic validation of Intrepid’s copper‑gold prospects.
The 9.9 % stake acquired by Teck, a major player in Canada’s mining sector, signals confidence in Intrepid’s technical expertise and its potential to deliver economically significant resources at Corral. The infusion of capital, coupled with the new mineralisation, positions Intrepid to advance its exploration program in a timely and cost‑effective manner, potentially accelerating the path to a pre‑production phase.
This article synthesises information from the company’s filing with Newsfile Corp. and press releases dated December 2025, as well as a recent update on the Corral copper project. No additional external data was used.
