Australian billionaire John Paulson has sold a stake in mining company Trilogy Metals Inc. in Alaska after ten years of investment. This is reported by foreign media.
D. Paulson was Trilogy's fourth largest shareholder (8.7%) before the sale of 14.3 million shares through a subsidiary of Paulson &Co. in support of the US administration's desire to develop mining projects in the United States and, in particular, in Alaska.
The US government plans to acquire a 10% stake in Trilogy in Alaska and build a giant copper and zinc mine in partnership with Australia's South32 Ltd. The investment plan was published in October 2025, but the deal has not yet been completed.
Paulson owns stakes in Perpetua Resources Corp., which has been recognized as a priority project by the Trump administration, as well as Novagold Resources Inc. in Alaska, where the U.S. government is seeking to expand mining.
Trilogy Metals Inc. is a Canadian mining company developing mineral deposits in the United States (copper, cobalt, lead, zinc, gold and silver). The headquarters is located in Vancouver, Canada.
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