British Columbia Critical Minerals Programme 

Project Overview 

Multi-project critical minerals development initiative across northwestern British Columbia, focused on responsible supply of copper and other critical minerals essential for global energy transition and advanced manufacturing. 

Location & Jurisdiction Northwestern British Columbia, Canada (Golden Triangle region) 

• Province: British Columbia 

• Federal jurisdiction: Canada 

• Traditional territories: Multiple First Nations 

Indigenous Partners Multiple First Nations across northwestern BC territory engaged through co-operative frameworks and bilateral agreements established under BC's Declaration on the Rights of Indigenous Peoples Act (DRIPA). 

Key Statistics 

• Operator: Teck Resources Limited (TSX: TECK.A, TECK.B; NYSE: TECK) 

• Commodity Focus: Copper, zinc, and critical minerals 

• Strategic Alignment: BC Critical Minerals Strategy 2024 

• Provincial Support: $500 million Critical Minerals Processing Fund 

• Indigenous Funding: Nearly $3.1 billion in loans, grants, and scholarships for Indigenous ownership 

Project Components The Strategic Minerals Initiative encompasses multiple assets: 

• Highland Valley Copper Mine Life Extension (CAD $2.1-2.4 billion investment) 

• Trail Operations metallurgical facility upgrades 

• Regional exploration and development portfolio 

• Infrastructure and community investment programmes 

Indigenous Partnership Model Engagement Framework: 

• Multi-year Impact Benefit Agreements with local Indigenous communities 

• Employment and procurement opportunities prioritised for Indigenous businesses 

• Cultural competency training for all Teck employees 

• Desktop and facilitated sessions on Indigenous rights and perspectives 

Economic Benefits for Indigenous Communities: 

• Direct employment in mining operations and support services 

• Business opportunities through Teck's Indigenous procurement strategy 

• Revenue sharing through royalty and tax arrangements 

• Capacity building through education and training programmes 

Specific Indigenous Initiatives: 

• $150,000 contribution to "Back to the Fire" documentary series (2023) promoting Indigenous storytelling 

• 10 annual bursaries for Indigenous students in post-secondary education and technical training 

• Participation in BC Indigenous Partnership Success Showcase 

• Support for Originarias programme empowering Indigenous women (Chile operations) 

Sustainability & ESG Credentials 

• Commitment to leading environmental and social practices 

• Recognition of importance of respecting Indigenous and community rights 

• Honour all existing agreements with communities, Indigenous governments, and labour unions 

• Alignment with ILO Convention No. 169 and IFC Performance Standard 7 

Government & Regulatory Support Provincial Framework: 

• BC Critical Minerals Strategy 2024 with 11 key actions 

• Enhanced access to world-class public geoscience 

• BC Critical Minerals Atlas released 

• Mines Digital Trust initiative (UN recognition) 

• Dramatically reduced permitting timelines through Critical Minerals Office 

Federal Alignment: 

• Canada Critical Minerals Strategy support 

• Focus on secure, reliable supply chains for global markets 

• EU-Canada-BC Critical Raw Materials dialogue (Vancouver, January 2025) 

Investment Proposition for UK/European Investors Strategic Advantages: 

• Tier-1 operator with world-class copper and zinc operations 

• Northwestern BC possesses tremendous potential for critical minerals 

• Access to clean hydroelectricity (BC's power grid 97% renewable) 

• Well-established transportation networks (rail and ports) 

• Stable, transparent regulatory environment 

Market Context: 

• Global demand for critical minerals expected to increase fivefold by 2040 (IEA) 

• Copper facing supply shortages (key commodity in northwestern BC) 

• BloombergNEF ranked Canada #1 globally for secure, reliable lithium-ion battery supply chains (February 2024) 

Recent Developments 2025 Merger Announcement: 

• September 2025: Teck and Anglo American announced merger of equals to form "Anglo Teck" 

• Combined entity will be global critical minerals champion 

• CAD $4.5 billion investment commitment over five years in Canada 

• Primary listing on TSX (subject to approval) 

• Maintains all Indigenous agreements and commitment to respecting Indigenous rights 

Recent Government Action: 

• January 2025: Province, First Nations announce next steps for economy growth through partnerships in northwestern BC 

• Enhanced land-use planning to unlock generational economic development 

• Balanced approach achieving conservation objectives whilst accelerating permitting 

Key Contacts 

• Operator: Teck Resources Limited 

• Corporate Website: www.teck.com 

• Indigenous Relations: Communities and Indigenous Peoples division 

Investment Considerations Opportunities: 

• Exposure to multiple critical mineral projects in world-class jurisdiction 

• Established operator with 100+ year track record in BC 

• Strong Indigenous partnerships providing social licence certainty 

• Government support at provincial and federal levels 

• Clean energy advantage with access to hydroelectricity 

Risk Factors: 

• Multi-project programme requires ongoing capital deployment 

• Permitting timelines subject to consultation processes 

• Global commodity price volatility 

• Pending merger integration with Anglo American 

Investor Resources 

• Teck 2024 Sustainability Report 

• BC Critical Minerals Strategy (2024) 

• Teck Approach to Relationships with Indigenous Peoples (January 2024) 

• Framework to Build a Green Prairie Economy (federal government)