The federal government plans to invest up to $400 million in Teck Resources Ltd.’s critical minerals processing operations in southern British Columbia, with the goal of strengthening Canada’s supply of metals used in defence and clean-energy technologies. Multiple outlets report the funding is intended to support production and stockpiling of in-demand critical minerals, including germanium, gallium and antimony. The Globe and Mail reports that the investment would be delivered through a mix of federal programs and organizations, including Natural Resources Canada, the Canada Growth Fund and Export Development Canada, based on information attributed to sources. Business in Vancouver and City News Toronto describe the initiative as part of Ottawa’s efforts to secure reliable access to these materials amid international market and geopolitical pressures. The reporting indicates the investment amount is “up to” $400 million, suggesting the final total could depend on project milestones or specific support arrangements. The announcements relate specifically to the B.C. smelter and processing operations rather than other locations or assets.
Ottawa to invest up to $400M in Teck critical minerals smelter in B.C.
The federal government plans to invest up to $400 million in Teck Resources Ltd.’s critical minerals processing operations in southern British Columbia, with the goal of strengthening Canada’s supply...
- Ottawa plans to invest up to $400 million in Teck’s critical minerals smelter in southern B.C.
- The funding is aimed at boosting production and stockpiling of critical minerals.
- Reported target minerals include germanium, gallium and antimony.
- Sources cited by outlets say funding may come through Natural Resources Canada, the Canada Growth Fund and Export Development Canada.
- The initiative is presented as supporting defence and clean-energy supply chains amid geopolitical and trade pressures.
The federal government will invest up to $400 million into Teck Resources Ltd.'s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors.
1 month agoThe federal government will invest up to $400 million into Teck Resources Ltd.’s critical minerals processing operations in southern B.C. as Ottawa looks to shore up supplies of metals used in the defence and green energy sectors. “We are facing a trade war we did not ask for; the most volatile geopolitics since the end […]
1 month agoFunding to support production and stockpiling of in-demand germanium, gallium and antimony
1 month agoFunding to be spread among Natural Resources Canada, Canada Growth Fund and Export Development Canada, sources say
1 month ago
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