According to The Kobeissi Letter, Trilogy Metals (TMQ) surged over 210% after the U.S. government announced it will be taking a 10% stake in the company, source: The Kobeissi Letter on X dated Oct 6, 2025. The Kobeissi Letter also stated that the U.S. government's portfolio is rapidly expanding, underscoring government participation as the immediate catalyst behind TMQ's outsized move, source: The Kobeissi Letter on X dated Oct 6, 2025. For traders, the key takeaway is event-driven momentum and extreme volatility in TMQ directly tied to the disclosed 10% government stake and the reported 210%+ price surge, source: The Kobeissi Letter on X dated Oct 6, 2025.