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Stock impact report

‘Conflict of interest': Experts share concerns of U.S. stakes in Canadian miners [BNN Bloomberg (Canada)]

Trilogy Metals Inc. (TMQ) 
Company Research Source: BNN Bloomberg
Richard Leblanc, a professor of governance, law and ethics at York University, said it's unusual to see a foreign government take a stake in a Canadian company. “It is uncommon for a government to have a stake in a domestic company, but it's even more uncommon for a foreign government,” he said. Vancouver-based metal exploration company Trilogy Metals Inc. announced on Monday that the U.S. government would acquire a 10 per cent stake for US$35.6 million, with an option for more in the future. It also has the right to appoint a member to the company's board. Trilogy has mining interests in Alaska that Washington wants to see developed. On the same day, U.S. President Donald Trump signed an executive order directing a road to be built in Alaska, allowing access to the Ambler mining district, an area rich in copper where Trilogy has an interest through a joint venture. Leblanc questioned the efficacy of a company having a major shareholder that also has the authority to make cru Show less Read more
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