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Trilogy Metals Stock Surges 170% on U.S. Government Investment
Trilogy Metals Stock Surges 170% on U.S. Government Investment
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BTCCSquare news:
Trilogy Metals (TMQ) shares skyrocketed 170% in pre-market trading following a $35.6 million investment from the U.S. government. The deal grants Washington a 10% equity stake with warrants for an additional 7.5%, marking a strategic push into critical mineral development.
The Alaska-focused miner specializes in copper, nickel, and cobalt exploration through its Arctic Project joint venture with South32. The partnership will accelerate development of the Upper Kobuk Mineral Projects, leveraging the Ambler Road infrastructure to access remote deposits.
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