US to Take 10% Trilogy Metals Stake to Tap Alaska Mining

Core Points - The White House is taking a 10% stake in Trilogy Metals to secure energy and mining projects in Alaska [1][2] - The deal coincides with President Trump's reversal of a Biden-era decision blocking the Ambler Road Project, which aims to build an access road to a mineral-rich area [2] - The Trump administration will invest $35 million in Trilogy for exploration in exchange for the stake [2] - This initiative is part of a broader strategy to reduce China's dominance in the critical minerals supply chain, as China accounted for approximately 70% of global rare earth output last year [3] - The administration's recent investments include stakes in MP Materials, Intel, and Lithium Americas, indicating a hands-on approach to industrial policy [4] - The overarching theme of these investments is national security, despite concerns about potential impacts on competition [5] - Trilogy Metals is based in Vancouver, and discussions regarding this investment are expected to be on the agenda during Canadian Prime Minister Mark Carney's visit to the White House [5]