Government of Canada to provide $352m for Red Chris project
2026-07-04
The Government of Canada has announced a significant C$500 million (approximately US$352.2 million) investment to advance the Red Chris Block Cave copper-gold project in British Columbia. This federal funding, provided through the Canada-British Columbia Co-operative Prosperity Agreement, is crucial for moving the joint venture — operated by Newmont (70%) with Imperial Metals (30%) — towards a final investment decision, potentially extending the mine's life by 14 years and creating thousands of jobs. The project, located in the geologically rich Golden Triangle, represents a strategic commitment to Canada's critical minerals sector and robust Indigenous partnerships.
