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Stock impact report

Factbox-Trump administration pivots to buying stakes in critical sectors [Yahoo! Finance]

Trilogy Metals Inc. (TMQ) 
Company Research Source: Yahoo! Finance
federal grants for companies into equity stakes, aimed at reducing reliance on China. The administration has taken or ?discussed stakes in several companies as part of the shift to direct ownership from traditional subsidies. Following are the companies linked to ?the strategic investment push: ** Korea Zinc Stake acquired: Around 10% Project: $7.4 billion smelter in Tennessee Details: Korea Zinc will build a $7.4 billion smelter in Tennessee through a joint venture with U.S. partners. The ?U.S. Department of War will hold a 40% stake in the JV, while the Commerce Department will provide $210 million in subsidies under the CHIPS Act. Korea Zinc will issue $1.9 billion in new shares to the JV and U.S. strategic investors, giving them about 10% of the company. The remaining $5.5 billion will come from $4.7 billion in U.S.-backed loans and other financing. Construction begins in 2026, with phased operations starting in 2029. Strategic Value: The project strengthens U. Show less Read more
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