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Stock impact report

Natural Resources Minister brushes off national security concerns over U.S. stakes in Canadian critical mineral companies [Globe and Mail, The (Toronto, Canada)]

Trilogy Metals Inc. (TMQ) 
Hodgson said Thursday Ottawa hopes it can soon resume the relationship it has had with the U.S. 'for a long, long time.' Sean Kilpatrick/The Canadian Press Natural Resources Minister Tim Hodgson is brushing off national security concerns about the Donald Trump administration taking equity stakes in Canadian critical minerals companies, saying the positions are small and the U.S. is an ally. In the past few weeks, the Trump administration announced it had taken equity stakes in two Canadian critical-minerals companies, Lithium Americas Corp LAC-T and Trilogy Metals Inc. TMQ-T The U.S. government secured highly favorable terms in both transactions, with millions in virtually free warrants being issued, and a board seat in the case of Trilogy. The Canadian government reviews all foreign deals in the critical minerals sector for national security concerns and has the power to block transactions if needed. Canada is currently in a trade war with the U.S. that is inflicting damage Show less Read more
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