Reported 1 day ago
Trilogy Metals' stock skyrocketed over 230% after news that the Trump administration acquired a 10% stake in the Canadian mining company and signed an executive order permitting the construction of a road to the Ambler Mining District in Alaska, which is rich in critical minerals. The investment amounts to $35.6 million, and the administration aims to bolster domestic mineral supply amid growing demand for resources essential to energy transitions and technology. Despite previous environmental concerns from the Biden administration, the project has been revived with promises of protective measures for wildlife.
Source: YAHOO