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Why Did Trilogy Metals Stock Skyrocket 211% Today?

TheMotleyFool 
0 0 08.10.25
Why Did Trilogy Metals Stock Skyrocket 211% Today?
 

Shares of Trilogy Metals (NYSEMKT: TMQ) soared Tuesday, finishing the day up 211%. The jump came as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell by 0.4% and 0.7%, respectively.

The Trump administration announced it was taking a 10% equity stake in Trilogy Metals, a Canadian mining company, as part of its push to secure critical metal supply for the U.S.

Late Monday, the White House announced that it would take a $36.5 million stake in Trilogy Metals, making it a 10% owner in the company. The deal also includes warrants for additional shares that would increase its stake to 17.5% of the company.

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Source Fool.com

Metals Exploration Stock

€0.20
0.000%
There is no change in the price for Metals Exploration today.

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