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    TECK.B   CA8787422044

TECK RESOURCES LIMITED

(TECK.B)
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Teck Resources : Ktunaxa Nation and Teck Sign Joint Management Agreement for Conservation Lands

01/08/2021 | 10:11am EDT

The Ktunaxa Nation and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ('Teck') today announced the signing of a Joint Management Agreement for more than 7,000 hectares of land purchased by Teck in 2013 for conservation.

The lands are located in amakis Ktunaxa and in the region of Teck's steelmaking coal operations in southeast British Columbia.

Under the Agreement, the Ktunaxa Nation and Teck agree to jointly manage the land for conservation purposes protecting significant fish and wildlife habitat. The Agreement will also support the Ktunaxa Nation Stewardship Principles, and Teck's goal to achieve a net positive impact on biodiversity in the areas where it operates.

'This agreement between the Ktunaxa Nation and Teck solidifies our commitment to protect a*kxamis qapi qapsin (All Living Things) in our territory of amakis Ktunaxa. We look forward to working with stakeholders in the region to ensure this unique area will be managed according to principals of respect for the land and all those who live within it,' said Kathryn Teneese, Ktunaxa Nation Chair.

Teck and the Ktunaxa Nation worked closely with stakeholders to purchase the land in 2013 in the Elk Valley and Flathead River Valley because of its exceptional social, cultural and ecological value.

'This agreement will support responsible joint management and protection of these important conservation lands,' said Don Lindsay, President and CEO, Teck. 'Together, we can advance our mutual objective of conserving these culturally and ecologically significant lands for years to come, while also making progress towards Teck's vision of a net positive impact on biodiversity.'

Teck's purchase of these lands was one of the single biggest private sector investments in land conservation in B.C. history. There are approximately 7,150 hectares in total of private lands consisting of three parcels: Flathead Townsite (992 hectares), Alexander Creek (3,098 hectares) and Grave Prairie (3,059 hectares). The lands provide important habitat for numerous species, such as grizzly bear, wolverine, badger, elk, lynx, mountain goat, bighorn sheep, westslope cutthroat trout and bull trout, and hold significant value for local communities.

Teck and the Ktunaxa will begin implementation of the Joint Management Agreement in January 2021. This will include developing conservation management plans with input from communities and other stakeholders.

About the Ktunaxa Nation

The Ktunaxa Nation Council (KNC) is the Ktunaxa Nation government in Canada, and is comprised of elected officials from akisqnuk First Nation, Yaqan Nukiy (Lower Kootenay Band), aqam (St. Mary's Band) and Yaqit a*knuqiit (Tobacco Plains Band) First Nation Communities. www.ktunaxa.org

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Contact:

Tel: 604.699.4621

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 11 544 M 9 368 M 9 368 M
Net income 2021 1 500 M 1 217 M 1 217 M
Net Debt 2021 7 449 M 6 045 M 6 045 M
P/E ratio 2021 9,21x
Yield 2021 0,83%
Capitalization 14 734 M 11 943 M 11 957 M
EV / Sales 2021 1,92x
EV / Sales 2022 1,78x
Nbr of Employees 10 000
Free-Float 98,6%
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Number of Analysts 22
Last Close Price 27,60 CAD
Average target price 32,23 CAD
Spread / Average Target 16,8%
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Managers and Directors
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Donald R. Lindsay President, Chief Executive Officer & Director
Jonathan Price Chief Financial Officer & Senior Vice President
Sheila A. Murray Chairman
Harry Milton Conger Chief Operating Officer & Executive Vice President
Mayank M. Ashar Independent Director
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