Canada to invest up to C$400M in Teck Resources to boost critical metals

Investing.com -- The Canadian government said on Tuesday it plans to invest up to C$400 million ($281.93 million) in Teck Resources to support the expansion of its Trail Operations facility in British Columbia for strategic metals production.

The agreement includes a framework for an offtake agreement that would give the Canadian government rights to future production of rare earth metals including germanium, antimony, and gallium from Teck. These metals are used in infrared optics for defense applications, semiconductors, and radar systems.

The government investment forms part of Teck's plans to invest up to C$850 million to maintain and expand critical minerals processing capacity at Trail Operations.

"It is designed to do something practical: give companies the certainty they need to make major investments in Canadian critical mineral mining and processing projects, even when global markets are volatile," Canada's natural resource minister Tim Hodgson said in a statement.

Canada and its Group of Seven partners have been working to build reserves of strategic metals, which are currently dominated by China. Earlier in 2026, Canada announced an offtake agreement to purchase graphite from Montreal-based Nouveau Monde Graphite at a predetermined price, with plans to sell it to allied nations.

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