Trilogy Metals Stock Skyrockets 220% After U.S. Stake – Critical Minerals “Gold Rush” or Hype?
Stock Skyrockets on U.S. Government Deal Trilogy Metals Inc. (NYSEAMERICAN/TSX: TMQ) stunned investors with a historic one-day surge after news broke that the U.S. federal government will take an ownership stake. In Tuesday’s trading, Trilogy’s stock rocketed over 210% to around $6.50 – up from just $2 the day before – marking a record high for the Vancouver-based junior miner reuters.com. The dramatic jump followed an October 6 announcement (after market close) that Washington will invest $35.6 million in the company for approximately 10% equity. The deal, structured as a private placement, involves the U.S. purchasing 8.2 million units at $2.17 each (one common share plus 3/4 of a warrant