Trilogy Metals Inc.

Lithium Americas Corp.

MP Materials Corp.

Shares of Canadian mining company Trilogy Metals have surged more than 190% in early trading today, October 7. The small-cap miner became the latest beneficiary of the Trump administration’s campaign to secure domestic critical minerals: Washington will invest $35.6 million in the company and receive a 10% equity stake. Similar U.S. government investments in the sector have already triggered rallies in MP Materials and Lithium Americas.

Shares of small-cap Trilogy Metals soar 190% as U.S. takes 10% strategic stake

The U.S. government has <a href="https://www.bloomberg.com/news/articles/2025-09-30/us-to-take-stake-in-lithium-americas-to-boost-nevada-project?srnd=phx-technology">agreed</a>&nbsp;to acquire a stake in Lithium Americas, the Canadian company developing the country’s largest lithium deposit at Thacker Pass in Nevada. Lithium is a critical raw material for EV batteries. On the news, the company’s shares <a href="https://finance.yahoo.com/quote/LAC/">surged</a>&nbsp;by a third in after-hours trading yesterday, September 30, and have maintained the gains in premarket trading so far this morning.

Lithium Americas shares up a third as U.S. government takes 5% stake in small miner

The Company is developing one of the largest lithium deposits in the United States

Lithium Americas shares soar on news of U.S. plans to enter the company's capital stock 

CONTEMPORARY AMPEREX TECHNOLOGY

The pause at CATL, which accounts for about 6% of global lithium production, has heightened fears that supply of the metal will shrink