Trilogy Metals shares soar 215% after US takes 10% stake in Canadian mining firm

Core Viewpoint - Shares in Trilogy Metals surged nearly 215% following the US government's announcement of a 10% stake acquisition, which includes a $35.6 million investment in the company [1][5]. Group 1: Investment and Stake - The US government will take a 10% stake in Trilogy Metals, which is a small Canadian mining firm with only five employees [1]. - The deal includes warrants for the US government to purchase an additional 7.5% of the company [5]. Group 2: Strategic Importance - The partnership aims to unlock domestic supplies of copper and critical minerals to compete with China's reserves, as Trilogy holds interests in two mineral projects in Alaska, including the Ambler Road project [2][4]. - The Ambler Road project is a 211-mile industrial road that will provide access to significant deposits of copper, cobalt, zinc, and lead across over 1,700 active mining claims [4]. Group 3: Market Context - The minerals involved are essential for energy infrastructure, defense technologies, and manufacturing, highlighting their strategic importance [5]. - China currently dominates the critical minerals supply chain, producing nearly 70% of the world's supply of rare earths and processing about 90% [6].