Teck Resources Limited (TSX:TECK.B) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 40,000,000 of its class B subordinate voting shares, representing 7.61% of the issued and outstanding class B subordinate voting share capital. The shares purchased under the bid will be cancelled. The bid is valid till November 1, 2022. As of October 20, 2021, the company has 525,437,875 class B shares in issue and outstanding.

On February 24, 2022, the company announced that the Board has granted management the authority to purchase up to $100 million of Class B subordinate voting shares annually.