Glencore completes C$19.9M investment in PPX Mining

On December 8, 2025, Glencore Canada Corporation ("Glencore") completed a strategic transaction with PPX Mining Corp. ("PPX"), including a large equity investment, a life-of-mine precious-metals concentrate offtake agreement, and strategic collaboration to advance PPX's Igor Project. The C$19.9 million private placement resulted in Glencore acquiring 9.99% of the equity interests of PPX, with the proceeds primarily used by PPX to fund exploration and development of the Igor Project.

McCarthy Tétrault LLP advised Glencore with a team led by Samantha Pettinato that included Mitchell Lui and Amin Tehrani (Business).