U.S. Funds Tighten Grip on Canada’s Oil Patch ...Middle East

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U.S. Funds Tighten Grip on Canada’s Oil Patch
source : OILPRICE ( Middle East ) () 71
Previously, we reported that the Trump administration has lately been taking over Canada’s rare earths companies as Washington looks to counter Beijing’s dominance in the sector. To wit, Canadian rare earths developer, Trilogy Metals (NYSE:TMQ), more than tripled three weeks ago after the U.S. government purchased a 10% stake in the company with warrants to purchase an additional 7.5% stake. The Trump administration announced that it will reverse a ban on the construction of the Ambler Road project in Alaska by the Biden administration…

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