All articles tagged with #alaska mining
President Trump revived the Ambler Road project in Alaska by ordering federal permits approval within 30 days, reversing the Biden administration's denial, but significant legal, financial, and landowner hurdles remain, making the project's future uncertain.
Trilogy Metals' stock skyrocketed over 200% after President Trump announced U.S. approval and investment in a major Alaska mining project, significantly increasing the company's valuation to over $1 billion.
Billionaire investor John Paulson saw a $60 million gain after the US government invested in Trilogy Metals, a small mining company in Alaska, causing its stock to surge over 245%, highlighting the potential personal benefits of government investments in resource projects.
Shares of Trilogy Metals surged nearly 200% after the U.S. government announced a 10% stake in the company as part of a partnership to develop critical minerals in Alaska, including copper and other resources vital for energy and defense industries, reversing previous project rejections and highlighting a focus on domestic supply chains.
President Trump announced a 10% U.S. stake in Trilogy Metals and approved a permit for a mining road in Alaska, aiming to secure critical minerals for national security and economic growth, amidst ongoing debates over environmental and tribal concerns.
The U.S. federal government is investing $35.6 million for a 10% stake in Trilogy Metals, a company with mining claims in Alaska, to support critical mineral exploration and secure supply chains, with additional warrants for a further 7.5% stake, as part of broader efforts to boost domestic resource development.