With an upside potential of 15.06%, Trilogy Metals Inc. (NYSEAMERICAN:TMQ) is among the 7 Best Steel and Metal Stocks to Buy for Energy Infrastructure.
Trilogy Metals Inc. (NYSEAMERICAN:TMQ) provided an important update on June 1 regarding the previously announced $35.6 million strategic equity investment from the U.S
Department of War. The company and the department agreed to extend the targeted closing date from May 31 to July 31 to allow additional time for the completion of definitive documentation. Trilogy noted that the U.S.
Government has completed its Foreign Ownership, Control, or Influence assessment, clearing a key step toward closing the transaction. Discussions are also continuing among Trilogy, South32, Ambler Metals, and government representatives regarding a framework to support financing and construction of the Ambler Access Project, a critical infrastructure component for unlocking mineral development in the Ambler Mining District. Earlier, on April 6, Raymond James upgraded Trilogy Metals Inc. (NYSEAMERICAN:TMQ) to Outperform from Market Perform and assigned a C$8 price target following the company’s first-quarter update.