Shares in small Canadian mining firm Trilogy Metals skyrocketed nearly 215% Tuesday after the US government said it would take a 10% stake in it.

The partnership includes a $35.6 million investment in the Vancouver-based company, which has just five employees, according to a White House fact sheet published Monday.

President Trump’s deal is an effort to unlock domestic supplies of copper and critical minerals to rival China’s reserves — Trilogy holds interest in two Alaska mineral projects, including the Ambler Road undertaking.

President Trump’s deal is an effort to unlock domestic supplies of copper and critical minerals. AP

The White House is reversing the Biden administration’s rejection of the Ambler Road project, a 211-mile industrial road through the Alaskan wilderness that e

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