Mentioned:
The United States government has just taken an equity stake in another publicly traded company. And they’re developing one of Alaska’s most promising copper and cobalt projects.
What’s happening:
- The United States federal government has struck a new deal to acquire a 10% equity ownership stake in Trilogy Metals (NYSE: TMQ) through a strategic investment
By the numbers:
- The United States Department of War will invest approximately $35.6M USD in two separate tranches
- The United States Department of War will also receive a 10 year call option to acquire 6,161,678 more common shares once Ambler Access Road is completed
Why it matters:
- This is the first ever equity investment the United States has made into a publicly traded company developing a copper and cobalt project
Going deeper:
- Trilogy Metals owns multiple important high grade copper and cobalt projects located in Alaska which cover more than 471,000 acres of land
- The strategic investment from the federal government into Trilogy Metals also comes alongside a new executive order from President Donald Trump which grants legal approval to begin construction of the Ambler Access Road which is widely considered to be one of the most important infrastructure projects to unlock natural resource and critical minerals projects in Alaska
