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

The Canadian government announced an investment of up to C$400 million, approximately $282 million, into Teck Resources Ltd. This funding aims to increase the production of strategic metals from a primary refinery. Through this agreement, Canada intends to secure a guaranteed portion of the future supply of critical metals, specifically germanium, antimony, and gallium, strengthening the national output of these essential materials through the strategic partnership with the mining company Teck Resources.