Vale Base Metals completes transfer of Thompson Mine Complex control to Exiro Nickel

• Vale Base Metals completed Manitoba's Thompson Mine Complex transfer to new owner and operator Exiro Nickel on October 16, 2026.
• Exiro Minerals, Orion Resource Partners and Canada Growth Fund collectively hold 81.1% of Exiro Nickel.
• Vale Base Metals retains an 18.9% minority stake through its subsidiary Vale Canada.
• A multiyear offtake agreement secures nickel concentrate from the Thompson mill for Vale Base Metals.
• The transaction concludes the strategic review of Thompson operations, establishing dedicated ownership and investment for the complex.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vale SA published the original content used to generate this news brief on October 16, 2026, and is solely responsible for the information contained therein.