Trilogy Metals Soars 220% As U.S. Takes 10% Stake In Alaska Copper And Minerals Project

Benzinga

Trilogy Metals shares jumped over 220% after the White House announced a $35.6 million investment for a 10% stake in the company. The move supports U.S. mineral independence and revives Alaska’s Ambler mining district following Trump’s approval of key permits. Officials say the project strengthens supply chains for energy, defense, and manufacturing sectors.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Trilogy Metalshare soared more than 220% in pre-market trading on Tuesday after the White House announced it would acquire a 10% stake in the Canadian Copper and Critical Minerals Explorer.

00:12$35.6 million investment marks a new U.S. partnership to boost domestic mineral supply chains through the development of Alaska's Ambler Mining District.

00:20Trilogy Metals praised Trump's approval of permits for the Ambler Mining District, calling it one of the world's richest copper-dominant regions.

00:26The company said his order reversing Biden's rejection of the Ambler Road Project shows renewed federal support for responsible resource development in Alaska.

00:34The company said the decision would strengthen U.S. supply chains for key minerals vital in energy, defense, and manufacturing industries.

00:41For all things money, visit Benzinga.com.

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