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Trilogy Metals Shares Skyrocket 250% In Premarket As Trump Acquires Stake
Forbes· 2025-10-07 13:35
Core Viewpoint - Shares of Trilogy Metals surged over 250% following the Trump administration's announcement of a 10% stake in the company, supporting mining exploration in Alaska, reversing the Biden administration's previous rejection of an Alaskan mining project [1][3]. Group 1: Investment and Stake Acquisition - The U.S. will invest $35.6 million in Trilogy Metals, acquiring a 10% stake and warrants for an additional 7.5% equity [2]. - The investment is part of a broader strategy to support mining exploration in Alaska's Ambler mining district, which includes the issuance of permits for the Ambler Road Project [2][3]. Group 2: Market Reaction - Trilogy Metals' stock price increased approximately 260% to around $7.50, setting a new record and nearly doubling its previous all-time intraday high of $4.76 [1]. - The surge in stock price reflects investor optimism regarding federal support for resource development in Alaska [3]. Group 3: Policy Context - The Trump administration's decision to support the Ambler Road Project is framed as essential for national defense and economic prosperity, contrasting with the Biden administration's earlier rejection due to environmental concerns [3]. - The Interior Secretary's announcement indicates a shift towards reducing U.S. dependence on mineral imports, particularly from China, by acquiring stakes in critical mineral companies [5].
How improving your wellness can boost your career
Yahoo Finance· 2025-07-18 12:03
Business Model Shift - The Covid pandemic shifted Wellhub's business model [1] Wellness Focus - Fostering good wellness habits among employees is becoming increasingly important for companies worldwide [1] - Wellhub's goal is to democratize wellness in the workplace [1] - AI can help improve wellness [1] Financial Context - Financial Freestyle on Yahoo Finance promotes economic prosperity for all [1] - Yahoo Finance provides resources to help manage financial life [1] Content Platform - Financial Freestyle is available on Apple Podcasts, Spotify, and other podcast platforms [1] - Yahoo Finance offers stock ticker data, news, portfolio management resources, and market data [1] - Yahoo Finance can be found on X, Instagram, TikTok, Facebook, and LinkedIn [1]