{
  "commitment": {
    "id": "fin-ca-trail-cgf-2026-indication",
    "eventId": "evt-ca-trail-strategic-metals-2026",
    "relationships": [],
    "instrument": "unspecified",
    "valueRole": "indication",
    "capitalSource": "public_enterprise",
    "amount": {
      "value": "400000000",
      "currency": "CAD",
      "qualifier": "up_to",
      "amountAsStated": "up to $400 million",
      "currencyBasis": "issuer_context"
    },
    "provider": "Canada Growth Fund",
    "providerJurisdiction": "canada",
    "providerOrgIds": [
      "org-ca-canada-growth-fund"
    ],
    "legalAuthority": "Canada Critical Minerals Accelerator",
    "programmeId": null,
    "recipient": "Teck Resources Limited",
    "recipientOrgIds": [
      "org-teck-resources"
    ],
    "project": "Trail Strategic Metals Initiative",
    "projectId": "prj-ca-trail-strategic-metals",
    "facility": "Trail Operations",
    "locations": [
      {
        "countryCode": "CA",
        "subnational": "British Columbia",
        "asStated": "Trail Operations in British Columbia"
      }
    ],
    "stages": [
      "processing",
      "refining"
    ],
    "stageAllocation": "multi_stage_unallocated",
    "materialIds": [
      "germanium",
      "antimony",
      "gallium"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "financialStatusHistory": [
      {
        "status": "announced",
        "date": "2026-07-07",
        "sourceId": "src-teck-trail-strategic-metals-2026",
        "note": "The signed Strategic Investment Agreement establishes a commercial framework and intent to work toward an investment; definitive documentation and approvals were still required."
      }
    ],
    "implementationStatusHistory": [],
    "terms": [
      {
        "kind": "other",
        "value": "400000000",
        "qualifier": "up_to",
        "currency": "CAD",
        "unit": null,
        "asStated": "an equity-like investment by CGF of up to $400 million directly into the facility",
        "sourceId": "src-nrcan-trail-strategic-metals-2026",
        "note": "Classified as instrument unspecified because 'equity-like' does not establish that the legal instrument is equity."
      },
      {
        "kind": "other",
        "value": null,
        "qualifier": null,
        "currency": null,
        "unit": null,
        "asStated": "offtake rights for a portion of future germanium, antimony and gallium produced by Trail",
        "sourceId": "src-nrcan-trail-strategic-metals-2026",
        "note": "A contemplated future structure, not a contracted offtake."
      }
    ],
    "outcomes": [
      {
        "metric": "other",
        "value": "2",
        "qualifier": "up_to",
        "unit": "times existing production capacity",
        "targetDate": null,
        "asStated": "could double Trail's existing production capacity for germanium and antimony",
        "statedBy": "government",
        "sourceId": "src-nrcan-trail-strategic-metals-2026",
        "note": "Prospective capacity effect; gallium is described separately as potential new capacity."
      }
    ],
    "evidence": [
      {
        "sourceId": "src-nrcan-trail-strategic-metals-2026",
        "supports": [
          "instrument",
          "value_role",
          "capital_source",
          "amount",
          "provider",
          "legal_authority",
          "recipient",
          "project",
          "facility",
          "location",
          "stages",
          "materials",
          "status",
          "terms",
          "outcomes"
        ],
        "evidence": "explicit",
        "locator": "Opening and investment-framework paragraphs",
        "note": "The source explicitly calls this a commercial framework for an equity-like investment; `unspecified` avoids converting that description into a legal-form claim."
      },
      {
        "sourceId": "src-teck-trail-strategic-metals-2026",
        "supports": [
          "value_role",
          "amount",
          "provider",
          "recipient",
          "project",
          "facility",
          "location",
          "stages",
          "materials",
          "status",
          "terms"
        ],
        "evidence": "explicit",
        "locator": "Opening through conditions paragraph",
        "note": "Teck states that the contemplated arrangements remain subject to definitive documentation and approvals."
      }
    ],
    "notes": "A non-binding indication, not a committed investment. It is excluded from commitment totals unless later definitive documentation supports promotion to a commitment."
  },
  "event": {
    "id": "evt-ca-trail-strategic-metals-2026",
    "date": "2026-07-07",
    "jurisdiction": "canada",
    "titleEn": "Canada Growth Fund and Teck strategic investment framework for Trail strategic metals expansion"
  },
  "parents": [],
  "children": [],
  "sources": [
    {
      "id": "src-nrcan-trail-strategic-metals-2026",
      "title": "Canada announces first agreement under new Canada Critical Minerals Accelerator",
      "publisher": "Natural Resources Canada",
      "url": "https://www.canada.ca/en/natural-resources-canada/news/2026/07/canada-announces-first-agreement-under-new-canada-critical-minerals-accelerator.html",
      "language": "en",
      "datePublished": "2026-07-07",
      "dateAccessed": "2026-10-02",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "Official announcement of the Strategic Investment Agreement among the Canada Critical Minerals Accelerator, Canada Growth Fund and Teck. Describes a commercial framework for up to C$400M in equity-like investment, possible government offtake rights, and germanium/antimony/gallium capacity expansion at Trail."
    },
    {
      "id": "src-teck-trail-strategic-metals-2026",
      "title": "Teck, Canada Growth Fund and Canada Critical Minerals Accelerator sign Agreement to Support Strategic Metals Production at Trail Smelter",
      "publisher": "Teck Resources Limited",
      "url": "https://www.teck.com/news/news-releases/2026/teck%2C-canada-growth-fund-and-canada-critical-minerals-accelerator-sign-agreement-to-support-strategic-metals-production-at-trail-smelter",
      "language": "en",
      "datePublished": "2026-07-07",
      "dateAccessed": "2026-10-02",
      "sourceType": "other",
      "confidence": "primary",
      "notes": "Company release clarifying that the signed Strategic Investment Agreement is a commercial framework and that contemplated arrangements remain subject to definitive documentation and applicable approvals."
    }
  ]
}