Reported 2 days ago
Trilogy Metals' shares skyrocketed 211% after the U.S. government announced a $36.5 million investment, acquiring a 10% equity stake to bolster domestic supplies of critical metals. This move is part of the Trump administration's strategy to enhance access to valuable minerals from its Ambler mining district in Alaska, reversing previous blocks on mining projects. However, analysts caution that the stock's heavy dependence on this government relationship raises potential risks.
Source: YAHOO