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The United States plans to buy roughly 10% of Trilogy Metals for $35.6 million, or around €30.5mn, with warrants that could lift the stake by an additional 7.5%.
Interior Secretary Doug Burgum told reporters on Monday evening that the US is making the investment "so we can make sure that we're securing these critical mineral supplies, and that ownership will benefit the American people".
The capital is intended to accelerate exploration in Alaska’s Ambler Mining District, which the White House approved on Monday, reversing Biden-era permit denials tied to environmental
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