Trump Admin's $35M Investment in Alaska Mine Raises Eyebrows

0:00It's March 26. I'm Cory with the story, and this is Anchorage News Today, local news powered by AI. A House Democrat is raising red flags over the Trump administration's $35 million investment in Trilogy Metals, a company pushing to. Mine Alaska's Ambuler District. The deal gave the government a 10% stake, announced on October 6th, and Trilogy's stock price tripled the very next day. That timing caught attention because hedge fund manager John Paulson, a major Trump fundraiser, held shares worth about $30 million just. Weeks before, federal records show his firms sold them sometime between October and December, right after the announcement boosted the value. Rep. Jerrod Huffman, the top Democrat on the House Natural Resources Committee, called it a familiar pattern of insider benefits during a recent subcommittee hearing. Minises from oversight groups agreed it looks suspicious when administration allies profit from public funds. Meanwhile, Republicans defended these equity deals as key to building U.S. supply chains

1:03for critical minerals, reducing reliance on China for things, like car batteries and weapons. Experts noted past government moves to secure resources from nickel mines to uranium supports. The hearing wrapped up quickly when Republicans voted to adjourn after Democrats pushed for Donald Trump Jr. to testify on a related investment. Lawmakers continue debating whether these moves shrink the national security or cross ethical lines.