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Defense · DPA Title III
Trilogy Metals Inc.
TMQannounced 2025-10-06
Today's value
$65.2M(+80.9%)
from $35.6M announced on 2025-10-06
Stake size
10.00%
Agency
Defense
Program
DPA Title III
Today's value is computed as live market cap × stake %, refreshed hourly. A 100% stake-percentage move tracks the underlying share price exactly; the cash basis of the deal is unchanged.
DOD pays $35.6M for 10% of Trilogy Metals (Alaska copper-cobalt project)
The Department of Defense paid $35.6M for a 10% equity stake in Trilogy Metals under a Defense Production Act Title III award. The company controls the Upper Kobuk Mineral Projects in Alaska, including the Arctic copper-zinc-cobalt deposit critical to defense supply chains.
Source