05:43 AM EDT, 05/26/2025 (MT Newswires) -- Teck Resources (TECK-A.TO, TECK-B.TO) late on Friday recommended that shareholders not tender their class B subordinate voting shares in an unsolicited mini-tender offer launched by TRC Capital.

TRC offered to purchase up to 2 million Teckbclass B subordinate voting shares, approximately 0.41% of the total.

The offer price of $47.80 represents a 4.46% discount to the closing price of the shares on the TSX on May 20, the day before the offer date.

Teck said it does not endorse the mini-tender offer and that it is not associated with TRC.

Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding many investor protections such as disclosure and procedural requirements.

Teck shareholders who have already tendered their shares may withdraw their shares at any time before 11:59 a.m. Toronto time on June 18.