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Ottawa to invest up to $400 million in Teck critical minerals smelter in B.C.

  • The Canadian Press

  • Canadian Press

  • July 7, 2026

Teck Mining Company's zinc and lead smelting and refining complex is pictured in Trail, B.C., on November 26, 2012. THE CANADIAN PRESS/Darryl Dyck

TRAIL, B.C. -- The federal government will invest up to $400 million into Teck Resources Ltd.'s critical minerals processing operations in southern B.C.

It's the first such announcement under the Canada Critical Mineral Accelerator, a Natural Resources Canada program set up last year to speed up development of minerals needed for economic sovereignty, national security and the energy transition.

The agreement could see the Canada Growth Fund make an equity-like investment of up to $400 million directly into the facility in Trail, B.C., which currently produces 19 products and employs more than 1,400 people.

Teck is planning an up to $850-million expansion to its Trail operations that could double production of germanium and antimony and add new capacity for gallium.

Those three substances are used in a variety of advanced technology and national security applications.

The agreement could also see Ottawa obtain rights to a portion of future production of those minerals.

This report by was first published July 7, 2026.

Companies in this story: (TSX:TECK.B)