Teck Named to 2025 Best 50 Corporate Citizens in Canada
'As Canada's critical minerals champion, our team is committed to responsibly producing the metals the world needs for economic growth, energy security and global innovation,' said Jonathan Price, President and CEO. 'We are honoured to be named one of Canada's Best 50 Corporate Citizens for the 19th consecutive year, reflecting the commitment of our people who care deeply about our communities and the environment.' The Best 50 Corporate Citizens in Canada are each evaluated on a set of up to 25 environmental, social and governance indicators including board diversity, resource efficiency, financial management, sustainable revenue and sustainable investment. For more information about the Best 50 Corporate Citizens in Canada and the full rankings, visit https://www.corporateknights.com/rankings/best-50-rankings/.
About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Investor Contact:Emma ChapmanVice President, Investor Relations +44.207.509.6576emma.chapman@teck.com
Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com
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Hamilton Spectator
14 minutes ago
- Hamilton Spectator
Disappointment, but no shock in Hamilton as tariff deadline passes without a deal
A deadline that could have spelled the end of an ongoing trade war with the United States has passed with no agreement — and increased across-the-board tariffs on Canadian goods. U.S. President Donald Trump's increased 35 per cent tariffs — up from 25 per cent — came into effect Aug. 1 and apply to goods not included in the Canada-United States-Mexico Agreement (CUSMA). The move, the U.S. government said, is due to 'Canada's lack of co-operation in stemming the flood of fentanyl.' Most Canadian goods meet the terms dictated by CUSMA, meaning they are not hit by the tariffs, which are separate from those targeting specific sectors. However, tariffs impacting Hamilton's steel industry — as well as aluminum and copper tariffs — remain unchanged at 50 per cent. Trump doubled them to 50 per cent in June, after previously hitting the Canadian industries with 25 per cent tariffs. Ron Wells, the president of the United Steelworkers Local 1005, which represents around 600 workers at Stelco's Hamilton site, said while he is disappointed a deal wasn't reached, it 'wasn't a shock.' Ron Wells is president of the United Steelworkers Local 1005, which represents about 600 workers at Stelco's Hamilton site. While he is disappointed a tariff deal wasn't reached before the Aug. 1 deadline, he said it wasn't a shock. 'This is the new normal,' he said of the tariffs, adding he was 'not really hopeful' about the potential for a deal in the lead-up to the deadline — particularly after Trump suggested Canadian plans to back Palestinian statehood at the United Nations would make it 'very hard to reach a deal.' Since the deadline has passed, Wells said Canada should hit back against the United States and match American tariffs on steel and aluminum, doubling them to 25 per cent. That echoes the sentiment of Ontario Premier Doug Ford, who called on the federal government to 'hit back' with a 50 per cent tariff on U.S. steel and aluminum in a post on X. 'The federal government needs to maximize our leverage and stand strong in the face of President Trump's tariffs,' Ford posted. Wells said he is hopeful measures announced by the Liberal government in July — including caps on imported steel, stiff tariffs if those caps are exceeded, prioritizing the use of Canadian steel in government procurement and $70 million in new funding over three years to help steel workers get retrained — help Canadian steelmakers. Hamilton Chamber of Commerce CEO Greg Dunnett said Hamilton may be the community that is 'getting hit the hardest' in Canada, due to the continued steel and aluminum duties – in addition to the new 35 per cent tariffs. Hamilton Chamber of Commerce CEO Greg Dunnett said Hamilton may be the community that is 'getting hit the hardest' in Canada, due to the continued steel and aluminum duties — in addition to the new 35 per cent tariffs. He noted creating a fair long-term deal is 'very, very difficult' due to the 'moving goalposts' from Trump. 'I think it is imperative of our government right now to be strategic,' he said, adding the government should work to strengthen the economy, diversifying trade within the country to move Canada forward in the long-term without a dependence on the U.S. 'Escalation is risky, but so is inaction.' He said the tariffs have been disruptive, bringing uncertainty and cost increases across the board — which is impacting jobs, investment and trade relationships. While he said Hamilton is 'resilient,' the longer the trade war drags on, the more difficult it will get for businesses. Dunnett noted the uncertainty due to the tariff situation is hurting innovation due to a lack of investment, and the chamber continues to advocate to all levels of government for support for the local business community. He added among the businesses hardest hit are restaurants, whose business drops when customers have less disposable income. Canadian Chamber of Commerce president and CEO Candace Laing said spending 'a little more time' on the right deal is worth the wait because it can 'deliver lasting benefits.' However, Laing stressed businesses in Canada and the U.S. 'urgently' need more certainty. Keanin Loomis, the president of the Canadian Institute of Steel Construction (CISC), said while he was hopeful for a deal, comments from the government and Prime Minister Mark Carney had made it clear negotiations were difficult. Prime Minister Mark Carney and Keanin Loomis, president and CEO of the Canadian Institute of Steel Construction, chat with employees of Walters Steel during a July funding announcement for the steel industry. 'We will give our government the time and space it needs to make a good deal, because we don't want them to rush into a bad deal,' he said. While there is disappointment the situation is ongoing, Loomis said 'everyone in Canada' likely understands the difficulty of dealing with the Trump administration. Loomis said the increase of tariffs from 25 to 35 per cent is somewhat 'token' when all CUSMA trade is tariff-free — and shouldn't cause 'major concern' in the broader economy. However, he said the ongoing 50 per cent U.S. tariffs on steel and aluminum are 'not sustainable' for the industry — and something needs to change in the next couple of months. 'It would be really hard to see us being able to continue this way into the fall,' he said. While noting he doesn't speak for ArcelorMittal Dofasco and Stelco, he said he's 'really concerned' for them, adding it is alarming how much the steel producers have dealt with due to the tariffs. But for the CISC members, he said while some have suffered already, many are still working on previously arranged projects. The concern, Loomis said, is what happens in six months, as the tariff uncertainty means a lack of long-term investments — and future jobs for the industry. John McElroy, the United Steelworkers local union president at Stelco's Nanticoke steelmaking hub, said he had hoped for a resolution to the tariff war by now. McElroy said he and other USW local presidents were able to speak privately with Carney and share their concerns during his most recent visit to Hamilton. 'He basically told us, 'I could sign a deal now, but it would be a crappy deal,' recalled McElroy. 'I understand that.' McElroy added Stelco seems to be holding its own despite 50 per cent tariffs, thanks in part to higher steel prices and success finding new Canadian customers. 'We're kind of weathering the storm for now.' —With files from Matthew Van Dongen
Yahoo
42 minutes ago
- Yahoo
The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?
With the signing of an executive order, U.S. President Donald Trump upped Canada's tariff rate to 35 per cent, effective at 12:01 a.m. today. That's a 10 per cent increase on the 25 per cent rate that has been in effect on Canadian goods headed south of the border since March, and is a blanket tariff that will apply to Canadian products across the board. However, that doesn't paint the whole picture. A very small number of Canadian products will be subjected to the 35 per cent tariff. That's because the tariffs don't apply to all goods that are subject to the Canada-U.S.-Mexico Agreement (CUSMA), the existing free trade deal governing trade between the three countries. Those products can keep going across the border free of tariffs. Most of the goods Canada exports to the U.S. are covered by CUSMA. The Bank of Canada said in its monetary policy report released Wednesday that an estimated 95 per cent of stuff sent south of the border qualifies under that agreement. That means the new, higher 35 per cent rate will be felt by a small fraction of exports that are not CUSMA-compliant, which likely includes a broad array of products across all sectors, according to experts. "[CUSMA] is the one thing that is ensuring normalcy in trade flows in much of the economy," said Eric Miller, president and CEO of Rideau Potomac Strategy Group. "And so the maintenance of that exemption was absolutely crucial." WATCH | Trump increases tariff on Canada to 35%, White House says: There's no simple list of items that are CUSMA-compliant, because products are certified on a case-by-case basis, based on a number of complicated factors. In order to get the exemption, a certain amount of the product needs to be made in Canada, with Canadian inputs. Take the example of a steak versus that of a screwdriver. If a cow is born, raised, slaughtered and prepared in Alberta, then the steak — the end product — is clearly Canadian and would be shielded under CUSMA, says Miller. But a typical screwdriver is made of metal, along with plastic or rubber for the handle. The manufacturer would have to make sure that enough of the materials come from Canada, Mexico or the U.S. That amount is usually about 60 per cent, according to lawyer Daniel Kiselbach, a managing partner at Miller Thompson LLP. WATCH | What we know — and what's still unclear — after tariffs hiked on Canadian goods: Then, you have to make sure you're adding value to those parts and converting them to a finished product before shipping it out. In the case of the screwdriver, you're taking the raw materials and making them into a new, finished item, so that would meet the bar. Overall, anything harvested or mined is usually CUSMA-compliant, Kiselbach said. Anything manufactured or produced in Canada gets more complicated. Electronics and machinery, in particular, are product types that tend to have a harder time getting CUSMA certification. On top of that, the certification process can be challenging, requiring records showing where all a product's components come from, and it is costly. "[Businesses] don't necessarily understand what the rules are telling them," Miller said. "It's almost like cryptography or something." For that reason, Miller says some businesses have simply not acquired CUSMA certification in the past — something that's changing now that the rates are so much higher. WATCH | Is Canada-U.S. free trade dead?: While the fraction of companies that don't qualify for the free trade exemption might be small, Miller says the impact of the new rate should not be overlooked. Many of those who will be hit by the Saturday tariff increase will be small- to medium-sized businesses that rely on components that are made in countries outside of Canada — and can't easily replace them with materials sourced elsewhere. "If you are used to sourcing a particular input from China for the last 10 years, it's not so easy to go and say, 'Now I'm going to buy that good somewhere else,'" Miller said. "They can't easily change and they can't meet the rules, so they have to pay 35 per cent. And for them, going from 25 per cent to 35 per cent is pretty devastating," Miller. Kiselbach says 35 per cent tariffs might be higher than some companies' profit margins, meaning they'd be losing money on each item they sell at the current rate. Sectoral tariffs still in play The 35 per cent rate also has no bearing on the rates Trump has set for specific sectors. Those include a 50 per cent tariff on steel and aluminum, as well as 25 per cent on cars and auto parts, both of which had already been in effect. A new, 50 per cent tariff on some copper products, including copper pipes and wiring, also went into effect today. The Trump administration made carveouts for copper input materials such as ores, concentrates and cathodes, which is providing the industry some relief. And while the sector-specific rates are largely not new, the impact of these steep rates on important sectors cannot be ignored, said Alan Arcand, chief economist with the trade association Canadian Manufacturers and Exporters. "These are very important industries for Canada," Arcand said. "These are tariff rates that are just not … sustainable for these industries. So that's really the rub of the issue right now." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
42 minutes ago
- Yahoo
Silicon Metals Corp. Announces Receipt of 5-Year Exploration Permits for the Ptarmigan Silica Project in British Columbia
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - SILICON METALS CORP. (CSE:SI) (FSE: X6U) ("Silicon Metals" or the "Company") is pleased to announce that it has received a five-year Mines Act Permit and Free Use Permit from the B.C. Ministry of Mining and Critical Minerals, authorizing the Company to conduct its proposed exploration activities at its 100%-owned Ptarmigan Silica Project, located approximately 130 kilometres northeast of Prince George, British Columbia. The permits, which are effective from July 31, 2025, to December 30, 2030, provide Silicon Metals with the necessary approvals to carry out a wide range of exploration activities, including surface drilling, trenching, bulk sampling of up to 2,000 tonnes, and construction of exploration access trails and infrastructure. These permits mark a major milestone for the Company as it aims to unlock the high-purity silica potential of the Ptarmigan Silica Project. Morgan Good, CEO of Silicon Metals, commented: "Silicon Metals is overly thrilled to receive these permits that allow so many different work programs at Ptarmigan, especially so expeditiously. We have now considerably de-risked this asset which, along with our recent Permitted Maple Birch Permit acquisition, truly positions Silicon Metals at an advantageous point in its timeline, setting 2026 up to be quite an exciting and hopefully fruitful year for both shareholders and the Company." About Silicon Metals Corp. Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company's Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, is a high purity quartz pegmatite project with a 3000 tonne per year production permit. The Company also holds an undivided 100% right, title, and interest in the exploration stage and now fully 5-year permitted Ptarmigan Silica Project, located approximately 130km from Prince George, British Columbia. The Company has also acquired an undivided 100% right, title, and interest in both the exploration stage Silica Ridge Silica Project located approximately 70kms southeast from the town of MacKenzie, British Columbia, as well as the exploration stage Longworth Silica Project located approximately 85km East from Prince George, British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS OF SILICON METALS CORP. "Morgan Good" Morgan GoodChief Executive Officer and Director For more information regarding this news release and further details about Silicon's plans, please contact: Morgan Good, CEO and Director T: 604-715-4751E: morgan@ W: Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release). Cautionary Note Regarding Forward-Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to: the Company's future exploration plans with respect to the Ptarmigan Silica Project and that 2026 will be an exciting and fruitful year for both shareholders and the Company. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company's future exploration plans with respect to the Ptarmigan Silica Project will remain unchanged; that the Company's 5-year Mines Act permit and Free Use permit will not be cancelled early; and that the Company's operations and ability to complete its exploration plans will not be adversely impacted by global events and changes in the global economy. These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company may not be able to carry out its future exploration plans with respect to the Ptarmigan Silica Project, unanticipated costs, adverse changes in legislation or global events impacting the Company's exploration plans, and that the Company's 5-year Mines Act permit and Free Use permit could be cancelled early. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
