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

1. Trilogy Metals shares surged 215% after US government investment announcement. 2. The government will invest $35.6 million for a 10% stake in Trilogy. 3. The deal supports domestic copper and mineral supplies against China's dominance. 4. Ambler Road project approval will boost access to valuable mineral deposits. 5. Demand for critical minerals is rising due to clean energy needs.

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FAQ

Why Very Bullish?

The significant US investment and project approval indicate strong confidence in TMQ's growth potential, similar to historic increases observed in mining stocks following government support.

How important is it?

The government’s entry as an investor signifies high potential growth for TMQ, reinforcing market confidence and investor interest in further partnerships.

Why Long Term?

The strategic investment emphasizes long-term supply chain stability, reminiscent of past government-backed mining initiatives boosting stock performance over time.

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