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Trilogy Metals shares surge after U.S. takes stake in minerals firm

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US President Donald Trump, left, and Doug Burgum, US secretary of the interior, in the Oval Office of the White House in Washington, DC, US, on Monday, Oct. 6, 2025.

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Shares of U.S.-listed minerals explorer Trilogy Metals jumped more than 200% in premarket trade on Tuesday, shortly after the White House said it would take a 10% stake in the Canadian company.

The stock traded 204.8% higher in premarket deals at 9:22 a.m. London time (4:22 a.m. ET).

This is a developing story. Please check back for updates.

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