White House Invests in Trilogy Metals

Trilogy Metals (NYSE: TMQ) shares skyrocketed over 250% in premarket trading Tuesday after the White House announced it would take a 10% equity stake in the Canadian minerals explorer.

The partnership includes a $35.6 million investment in Trilogy Metals.
This move underscores Washington’s push to strengthen U.S. domestic supplies of critical minerals, including copper, cobalt, zinc, and lead.

Focus on Alaska’s Ambler Mining District

Trilogy’s flagship project is located in Alaska’s Ambler mining district, one of the world’s richest copper-dominant polymetallic regions.
The company said the Ambler Road project is now backed by federal permits, following an order from President Trump reversing the previous administration’s rejection.
Trilogy Metals called the road “critical infrastructure,” enabling development of large-scale mineral resources in Alaska.

Strategic Context

Critical minerals are vital for energy infrastructure, defense technologies, and manufacturing, as well as the clean energy transition.
China currently dominates the sector, producing ~70% of rare earths and refining nearly 90% of the world’s supply.
Western officials view reducing dependency on Beijing’s supply chain as a top priority.

Opposition & Environmental Concerns

Environmental groups oppose the 211-mile Ambler Road, citing risks to Alaskan wilderness, local communities, and wildlife.
The debate highlights the tension between resource development and environmental protection