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Teck, Canada Growth Fund, and Canada Critical Minerals Accelerator invest up to $850M to boost strategic metals at Trail smelter.

Market News
07 Jul 2026
GlobeNewsWire
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Bullish
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Teck Resources, Canada Growth Fund (CGF), and the Canada Critical Minerals Accelerator have signed an agreement to invest up to $850 million to expand production of germanium, gallium, and antimony at Teck's Trail smelting complex in British Columbia. CGF will invest up to $400 million in an equity-like stake, supporting the expansion that could double production capacity for germanium and antimony and add new gallium output. This initiative aims to strengthen Canada's position as a reliable supplier of critical minerals essential for advanced technologies and national security. The project is part of Canada's broader strategy to secure supply chains and support clean technology and economic growth, with government-backed offtake agreements and collaboration from provincial authorities. Final investment depends on regulatory approvals and definitive agreements.

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