Ottawa Launches Critical Minerals Accelerator, Signs First Deal With Teck

Minister Tim Hodgson launched the Canada Critical Minerals Accelerator (CCMA) and announced its first Strategic Investment Agreement, with the Canada Growth Fund and Teck Resources. The deal supports expanding Teck’s Trail Operations in British Columbia, part of an up to $850 million investment that could double germanium and antimony production and add gallium capacity. The Canada Growth Fund’s stake could reach $400 million, with Ottawa also negotiating offtake rights to future output.