Teck Resources, Canada Growth Fund and Canada Critical Minerals Accelerator sign Strategic Investment Agreement for Trail smelter expansion

July 7, 2026

Teck Resources Limited, Canada Growth Fund Inc. (CGF), and Natural Resources Canada’s Canada Critical Minerals Accelerator have signed a Strategic Investment Agreement to support expanding production capacity for germanium, gallium, and antimony at Teck’s Trail Operations smelting and refining complex in British Columbia. The agreement provides a framework for CGF to invest up to C$400 million into the facility, alongside up to C$850 million of potential total investment by Teck, and includes an offtake structure with the Government of Canada for a portion of future output.

Buyers
Teck Resources Limited, Canada Growth Fund Inc., Natural Resources Canada (Canada Critical Minerals Accelerator)
Targets
Trail Operations smelting and refining complex (Trail Smelter), Teck's Trail Operations
Location
British Columbia, Canada
Transaction Type
Growth capital

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