US Government Buys Stake in Alaska Miner to Unlock Critical Minerals – Sparks “Copper Rush” Controversy
The U.S. government is buying a 10% stake in Trilogy Metals for $35.6 million and could raise its holding to 17.5% through warrants. President Trump signed an order reviving the Ambler Road project, opening access to copper and other minerals in Alaska. Shares of Trilogy Metals more than doubled after the news. Alaska Native groups and environmentalists vowed new legal challenges.