Canada’s largest diversified mining company, Teck Resources, has increased its stake in Vancouver-based explorer Fireweed Zinc to just shy of 10%, which the junior company sees as a vote of confidence in its Macmillan Pass project, in the Yukon Territory.
Teck’s participation in Fireweed Zinc’s recently announced private placement of up to C$5-million, increased its interest in the company from 4.7% to about 9.9%.