Trump is investing $35.6 million in a Canadian mining company, mirroring Biden’s decision on Alaska

The Trump administration on Monday announced two major steps aimed at boosting domestic access to critical minerals, including reversing the trend To Biden The decision to acquire a stake in a Canadian mining company.

president Donald Trump He said he signed an executive order to reverse President Joe Biden’s decision to block construction of a 211-mile road to the Ambler mining region in Alaska. The road is considered a key to unlocking US reserves of copper and other base metals.

“This is something that should have been going on for a long time and generating billions of dollars for our country and providing us with a lot of energy and minerals and everything else we talk about,” Trump said during the signing ceremony in the Oval Office.

Along with the executive order, the White House announced a $35.6 million investment in Trilogy Metals, a Canada-based company that will likely develop part of the Ambler region. The deal gives the United States a 10% stake, with guarantees to buy another 7.5%.

The Trump administration allocates $625 million to keep coal plants open and reduce energy costs

Biden had closed the road in 2024 over Interior Department concerns that mining might threaten Ibex and fish People who provide livelihoods for dozens of indigenous communities.

The move is part of Trump’s broader campaign to reduce the United States’ dependence on nuclear weapons China For critical materials in various industries such as energy, semiconductors and defence.

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last month, Department of Energy It restructured a deal with Lithium Americas to acquire junior warrants for a 5% stake in the company and warrants for a 5% economic interest in the Thacker Pass lithium joint venture with General Motors.

In August, the US government acquired a 9.9% stake in chip maker Intel through a memorandum and common stock agreement worth about $8.9 billion.

tape	protection	last	It changes	% changes
Latin America and the Caribbean	argentina lithium	8.16	-0.28	-3.37%
Intech	Intel Corporation	36.59	-0.24	-0.65%
deputy	MP Materials Company	74.18	-0.15	-0.20%

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the Pentagon It invested $400 million of preferred stock in MP Materials in July to build an end-to-end supply chain for rare earth magnets in the United States. The company owns the only operating rare earth mine in the United States, located in Mountain Pass, California.