Core Insights - The Trump administration is shifting from traditional subsidies to direct equity stakes in companies to secure U.S. supply chains for critical minerals and semiconductors, aiming to reduce reliance on China [1] Group 1: Trilogy Metals Inc. - A 10% stake in Trilogy Metals Inc. was acquired as part of a $35.6 million investment to secure critical energy and mining projects in Alaska [2] - Trilogy Metals stock increased over 200% in premarket trading following the announcement [2] - The investment is linked to the Upper Kobuk Mineral Projects (UKMP) in Alaska, a joint venture with Australian miner South32 [2][3] Group 2: Critical Metals - Discussions are ongoing regarding an approximately 8% stake in Critical Metals, focusing on the Tanbreez rare earths deposit in Greenland [4] - This project is significant as it represents the largest rare earths project in Greenland [4] Group 3: Lithium Americas - A 5% stake was acquired in Lithium Americas, including a 5% stake in the Thacker Pass joint venture with General Motors [5] - The Thacker Pass lithium mine in Nevada is crucial for building a domestic supply chain for lithium, essential for electric vehicle batteries [5] Group 4: MP Materials - A stake of about 15% was acquired in MP Materials, which operates the only U.S. rare earths mine located in California [6] - The U.S. Department of Defense will become the largest shareholder in MP Materials, marking a significant investment in the critical minerals sector [7]