Raymond James upgraded Trilogy Metals (TMQ) to Outperform from Market Perform with an C$8 price target following the company’s Q1 results corporate update. Trilogy offers investors exposure to copper/zinc through the Arctic project, a high-grade copper development project located in Alaska, notes the analyst, who also points out that the U.S. Interior Secretary indicated the White House is actively considering participating in Ambler Road financing, potentially as an equity partner.
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