Teck Resources, Canada Growth Fund (CGF) and the Canada Critical Minerals Accelerator have signed an agreement to expand the production of germanium, gallium and antimony at Teck’s Trail Operations in British Columbia (BC).
Trail Operations is a smelting and refining complex with fully integrated processes.
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The facility manufactures 19 different products and critical minerals.
The announcement sets out the framework for CGF’s equity-like investment of up to $400m (C$567.34m) in the facility, part of a total investment by Teck of up to $850m aimed at sustaining and improving critical minerals processing capabilities.
The strategic investment agreement includes provisions for an offtake structure with the Government of Canada, which grants it rights to a portion of future production of the three metals from Trail.
This partnership also marks the first transaction under the newly introduced Canada Critical Minerals Accelerator.
Teck president and CEO Jonathan Price said: “Teck’s Trail Operations is a cornerstone of North America’s critical minerals ecosystem.
“Collaboration with CGF and the Canada Critical Minerals Accelerator will help advance the opportunity we have to quickly and significantly increase production capacity for key strategic metals and help strengthen secure, responsible supply chains.
“By leveraging Trail’s existing infrastructure and expertise, this initiative has the potential to deliver new supply of strategic metals while providing strong returns for Teck shareholders.”
The initiative, led by Natural Resources Canada and managed by Export Development Canada, is designed to support the development of key mineral resources.
The arrangements support the advancement of Teck’s Strategic Metals Initiative at Trail, which could result in the doubling of the current production capacity of germanium and antimony, as well as adding gallium production.
Finalisation of the investment is subject to negotiation of definitive agreements and regulatory approvals.
Germanium, antimony and gallium are used in sectors such as fibre-optics, batteries, electronics, and for national security applications.
In April 2026, Kodiak Copper signed a non-binding letter of intent with Teck Resources and Kay Copper to establish a new US-focused copper exploration company.
