Business

Trilogy Metals Shares Surge After White House Announces 10 Percent Stake

The Trump administration is investing in a Canadian miner and reviving a road project once blocked by Biden, aiming to secure domestic minerals.
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Trilogy Metals Shares Surge After White House Announces 10 Percent Stake
President Donald Trump attends an event to sign an executive order authorizing the construction an access road to the Ambler mining district in Alaska, at the White House, in Washington, D.C., on Oct. 6, 2025. Kent Nishimura/Reuters
Evgenia Filimianova
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Shares of Trilogy Metals jumped sharply on Oct. 7 after the White House said it would buy a 10 percent stake in the Canadian mining company.

Trilogy’s U.S.-listed stock rose to $5.69 in premarket trading, giving the company a value of nearly $1 billion.

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Evgenia Filimianova
Evgenia Filimianova
Author
Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.