Canada's Trilogy Metals soars after US govt acquires stake

Trilogy Metals

07/10/2025 18:27

** Trilogy Metals' TMQ.N TMQ.TO U.S. stock soaring 228% after U.S. govt announced $35.6 mln investment and 10% stake in the Canadian miner

** Canada-listed shares also up ~228%
** White House move, announced late Monday, part of push to secure critical minerals, reduce reliance on China
** TMQ operates joint venture in Ambler with South32 S32.AX; federal backing seen reducing political, regulatory risk for project
** Co's stock has surged ~505% YTD vs S&P 500 .SPX up 14%

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))