Trilogy Metals shares soar nearly 200% in premarket after U.S. takes stake in minerals explorer
October 7, 2025
Breaking News
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Shares of U.S.-listed minerals explorer Trilogy Metals jumped as much as 205% in premarket trade on Tuesday, shortly after the White House said it would take a 10% stake in the Canadian company.
The stock was seen trading 188% higher in premarket deals at 11:54 AM London time (6:54 AM ET).
The White House on Monday announced a partnership with Trilogy Metals as part of a push to unlock domestic supplies of copper and other critical minerals in the Ambler mining district in Alaska.
The partnership included a $35.6 million investment, which makes the U.S. government a 10% shareholder in Trilogy Metals. CNBC reports.
EdgeUp
🤖 AMD Stock Soars After OpenAI Partnership Speculation
AMD’s stock price jumped to $203.71, experiencing a remarkable surge of 23.71% in one day. The speculation around a partnership with OpenAI has fueled this enthusiasm.
If realized, this partnership could greatly enhance AMD’s exposure in the AI sector. Analysts suggest such a move would position AMD better against competitors like NVIDIA and Intel. Meyka reports.
🚙 Tesla expected to unveil lower-cost Model Y in push to reignite sales
Tesla is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks to reverse falling sales and waning market share amid rising global competition.
Chief Executive Elon Musk for years has promised mass market vehicles, though last year he canceled plans to build an all-new $25,000 EV, Reuters first reported. The car expected this week is an "affordable" vehicle based on current manufacturing and design platforms. Reuters reports.
📊 Dow, S&P 500, Nasdaq futures pause after Wall Street's latest record run
US stock futures took a breather on Tuesday after their latest record-setting run, as Wall Street weighed worries over the government shutdown against bright hopes for AI. Dow Jones Industrial Average futures traded flat. Contracts on the S&P 500 and on the tech-heavy Nasdaq were also little changed after fresh record high closes on Wall Street. Yahoo Finance reports.
🚙 The future for EVs in America looks grim - but the auto industry isn’t giving up
Just a couple of years ago, America’s auto industry had visions of an all-electric future. It has since abandoned that talk after the Trump administration eliminated the federal government’s incentives for the technology.
The near future isn’t looking too pretty. The end of the $7,500 federal tax credit for EVs is expected to send sales plunging in the coming quarters and perhaps years.
But the global auto industry hasn’t given up entirely on EVs. Automakers are continuing to invest in an electric future - even if it’s not all-electric, as they had expected. CNN reports.
📊 Micron stock hits record high after bullish report
Micron Technology (MU) should benefit from multiple quarters of double-digit price increases for its memory chips, a Wall Street analyst said in a client note Monday. Micron stock hit an all-time high after the report.
Morgan Stanley analyst Joseph Moore upgraded Micron stock to overweight, or buy, from equal-weight, or neutral. He also hiked his price target to 220 from 160. Investors reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1) GLTO: Galecto
Total gain: +472.5%
2) TMQ: Trilogy Metals
Total gain: +184.21%
3) SPRB: Spruce Biosciences
Total gain: +53.38%
4) CISS: C3is
Total gain: +47.51%
5) BJDX: Bluejay Diagnostics
Total gain: +38.7%
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on October 6.
Benzinga reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) SOPA: Society Pass
Total gain: +272.34%
Society Pass Inc. (SOPA) reported strong financial results for the second quarter of 2025, with revenues reaching $2.5 million, a 46% increase year-on-year compared to earlier projections of $1.5 million. The company also achieved notable profitability, posting earnings per share (EPS) of $0.10, surpassing analyst expectations of a loss of $0.24 per share. The robust performance and recent IPO activities have contributed to strengthening SOPA’s overall valuation. Benzinga reports.
2) ONMD: OneMedNet
Total gain: +154.18%
The company has chosen Palantir Technologies (NASDAQ: PLTR) to revolutionize the healthcare AI and Real-World Data (RWD) analytics market. Using Palantir’s Artificial Intelligence Platform (AIP), OneMedNet will power its iRWD™ near real-time, AI-driven provider network, delivering anonymized, regulatory-grade clinical data and advanced analytics. This partnership will enable life sciences, medical device, and research organizations to accelerate the development of innovative medical solutions with greater speed and efficiency. Benzinga reports.
3) DVLT: Datavault AI
Total gain: +55.59%
The company has updated its outlook for the fourth quarter of 2025 and provided revised 2026 revenue guidance. Key highlights include the integration of four innovative independent data exchanges, a strengthened patent portfolio now exceeding 70 patents and filings focused on advancing the tokenomics industry, and an updated 2026 revenue forecast reflecting full funding for both operational and capital expenditures. Additionally, the company plans to expand its leadership team by appointing prominent U.S. business executives and industry leaders to the Datavault AI Board of Directors and Board of Advisors. Benzinga reports.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
MKC: McCormick & Co
Q3 2025
Before Market Open
Estimate: 0.810
Actual: N/A
SAR: Saratoga Investment
Q2 2026
After Market Close
Estimate: 0.670
Actual: N/A
PENG: Penguin Solutions
Q4 2025
After Market Close
Estimate: 0.310
Actual: N/A
Today’s Economic Dates
Time (ET) | Report | Period
10:00 AM - Atlanta Fed President Raphael Bostic speaks
10:05 AM - Federal Reserve Vice Chair for Supervision Michelle Bowman welcoming remarks
Parting Thoughts
“What is most important isn’t knowing the future — it is knowing how to react appropriately to the information available at each point in time.”
– Ray Dalio
Sourced in 50 Trading Quotes From Top by Quantified Strategies.
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