Trilogy Metals Inc (TMQ)
Trilogy Metals Inc (TMQ) is a North American base and precious metals exploration and development company focused on the Ambler Mining District in Alaska. The company primarily engages in the exploration, development, and production of copper, zinc, lead, and precious metals, aiming to leverage the region's rich mineral deposits. Trilogy Metals is committed to responsible mining practices and advancing its projects toward sustainable economic development.
Company News
China expanded rare-earth export controls, prompting potential 100% tariffs from Trump. The move threatens global supply chains in technology, defense, and semiconductors, with potential economic and geopolitical consequences.
The Trump administration invested in four public companies in semiconductor and rare-earth metals sectors, taking equity stakes without a financial emergency, which potentially creates conflicts of interest and sets a concerning precedent for government involvement in private companies.
The Trump administration is strategically investing in rare earth metals companies to strengthen U.S. supply chains, with MP Materials experiencing a 370% year-to-date surge after receiving government backing. Other companies like Trilogy Metals and USA Rare Earths are also attracting investor attention for potential government investments.
IMNM, SLOIF and TMQ have been added to the Zacks Rank #5 (Strong Sell) List on April 4, 2023.
