Reported 1 day ago
Trilogy Metals saw its shares triple in premarket trading following the announcement that the US government will acquire a 10% stake in the mining company. The investment of $35.6 million is part of a broader initiative aimed at securing critical minerals essential for national security, as President Trump moves to reduce reliance on China. Additionally, an executive order has been signed to allow construction of a road to the Ambler mining district in Alaska, potentially increasing the project's development prospects despite previous environmental concerns.
Source: YAHOO