Trilogy Metals Blasts 250% Higher in Pre-Market Trading Following Uncle Sam’s Investment in the Miner

America’s race for critical minerals just found a new pit stop. Trilogy MetalsTMQ

surged more than 250% pre-market yesterday after the Trump administration announced a 10% stake in the Canadian miner — plus warrants for another 7.5%. The deal is part of a new White House push to tap Alaska’s Ambler mining district for critical minerals, reversing Biden’s earlier block on the project.

• Trilogy owns 50% of Ambler Mining, which controls rights to Alaska’s Upper Kobuk mineral deposits — positioning the stock to benefit as infrastructure opens up access to the region.
• The partnership is designed to secure US supply chains for copper, cobalt, zinc, and lead — metals essential to energy grids, defense systems, and the AI data center boom.

The great mineral race: China still dominates the critical minerals game, producing most of the world’s rare earths and refining nearly all of them. Washington is now trying to close the gap with a series of high-profile investments — including a 10% stake in Lithium AmericasLAC

and a $400M deal with MP MaterialsMP

. With demand for lithium and copper set to climb over the next decade, the US is hoping that a little checkbook diplomacy can ease its dependence on Beijing.