Reported 2 days ago
In a significant move, President Trump’s administration has acquired a 10% stake in Trilogy Metals, leading to a dramatic rise in TMQ shares, which have increased over 500% this year. The U.S. government's investment of nearly $36 million is seen as a boost for domestic mineral security, potentially providing Trilogy with new opportunities for funding and project advancement. However, investors are cautioned that TMQ remains speculative, as it has yet to generate revenue and faces continued permitting challenges, with Wall Street warning of a possible crash in stock value.
Source: YAHOO