The White House is taking stakes in B.C. mining companies as it looks to reduce America’s reliance on China for critical minerals used to produce the high tech batteries for cell phones, electric vehicles and renewable energy.
White House takes 10 per cent stake in Trilogy Metals Inc., 5 per cent equity stake in Lithium Americas
The Canadian Press · Posted: Oct 07, 2025 3:31 PM EDT | Last Updated: October 7
The gates of the Arctic National Park and Preserve, where the Ambler Road mining project would pass through, is visible from Ambler, Alaska, on Sept. 28. The road would provide access to a copper-rich area of the state, where Vancouver-based Trilogy Metal Inc. has interests. (Annika Hammerschlag/The Associated Press)
The U.S. government is taking stakes in B.C. mining companies as it looks to reduce America’s reliance on China for critical minerals used to produce the high tech batteries for cell phones, electric vehicles and renewable energy.
On Monday, the White House announced it will take a 10 per cent stake in Vancouver-based Trilogy Metals Inc., which has mining interests in Alaska that the U.S. government wants to see developed. Â
The White House is spending $35.6 million US on the stake, and has options to increase it further in the future. The transaction remains subject to regulatory and other approvals.
The announcement came as U.S. President Donald Trump signed an executive order that directs a road to be built in Alaska allowing access to the Ambler mining district, an area rich in copper where Trilogy Metals has an interest through a joint venture.
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