Welcome to Exiro Nickel
Exiro Nickel, Canada’s newest nickel producer, will be owned by a consortium of investors including Orion Resource Partners, Canada Growth Fund, Vale Base Metals and Exiro Minerals. Its flagship asset will be the Thompson Operations in northern Manitoba
About Us
Our Profile
- In January 2025, Vale Base Metals (VBM) initiated a strategic review of its Thompson nickel operations, seeking a new partner to secure the future of this iconic Canadian asset.
- Two veterans of Canada’s mineral exploration and mining ecosystem were selected to steward the next phase of the Thompson operations: Shastri Ramnath (Chief Executive Officer, Exiro Minerals) and Stephanie Hart (Chief Financial Officer, Exiro Minerals).
- Shastri and Stephanie engaged with two prospective investors—Orion Resource Partners LP (“Orion”) and the Canada Growth Fund Inc. (“CGF”)—and successfully brought these respected organizations together with Exiro Minerals to form a consortium of investors focused on turning around the Thompson Operations.
Exiro Nickel was born from the efforts of two veterans of Canada’s mineral exploration and mining ecosystem, Shastri Ramnath (Chief Executive Officer, Exiro Minerals) and Stephanie Hart (Chief Financial Officer, Exiro Minerals).
These respected industry leaders successfully bid to acquire the Thompson Operations after bringing together a consortium of investors including Orion Resource Partners LP (“Orion”), Canada Growth Fund Inc. (“CGF”) and Exiro Minerals.
Exiro Minerals, Orion and CGF will own 81.1% of the new company, while VBM will retain an 18.9% minority stake.
These investors have committed up to USD$200 million to invest in the Thompson Operations . Their strong financial backing provides balance sheet strength and the flexibility to support operational improvements, exploration expenditures and disciplined capital deployment.
Our Services
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Projects
Asset Overview
