Lorraine Copper is a holding company for the Lorraine-Jajay property, a huge property hosting many copper and gold occurrences. Teck optioned the Lorraine project in June, 2005 and incurred a total of $9.0 million in expenditures to earn a 51% interest in the property in February 2011. Teck may increase its interest in the Lorraine project to 60% by completing a feasibility study and to 65% by arranging production financing for Lorraine Copper.