All articles tagged with #trilogy metals
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.
Shares of Trilogy Metals surged 215% after the US announced a 10% stake and a $35.6 million investment in the company, as part of efforts to secure domestic supplies of critical minerals like copper, cobalt, zinc, and lead, crucial for energy and defense industries, and to counter China's dominance in the supply chain.
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.