Vale Base Metals chairman Mark Cutifani is undertaking a unit-wide asset review.

The Elk gold project is located 57 kilometres from Merritt in south-central British Columbia.

The Canadian precious metals miner has paid down an additional $41 million in debt using cash on hand.

The rise was supported by a strong fourth quarter during which 34 million lb. of copper and 369,000 lb. of molybdenum were produced.

Talks for a Sudbury tie-up have been on and off since 2006.

C4V is currently involved in some of the world's largest gigafactory developments.

Vale Base Metals plans to use Epiroc’s technology and digital advances in underground technology to remove employees from the rock face, production drilling areas, and ground support locations.

The project will produce lithium carbonate equivalent (LCE) for the battery market over a 23-year period.