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How A 5-Employee Company With No Revenue Hit A $1 Billion Valuation And Made A Trump Donor Rich
Posted
October 9, 2025
Views
13,302
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172
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1.46%
October 9, 2025
13,302
172
22
1.46%
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5:07Now PlayingThe federal government’s $35.6 million investment for a 10% stake in a small Vancouver-based mining business produced a windfall for its investors, one of whom Donald Trump is already very familiar with. Billionaire John Paulson owned an 8.7% stake in Trilogy Metals as of the end of June. The stock tripled in after-hours trading Monday night after the deal was announced and opened 245% higher Tuesday, pushing the value of Paulson’s shares from $30 million to $100 million. Coinciding with the investment, the White House provided authorization for a 211-mile access road to Alaska’s remote Ambler mining district.
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