Commodities

Billionaire Paulson Sells Stake in Alaska-Focused Trilogy Metals

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By Jacob Lorinc

February 18, 2026 at 12:17 AM UTC

Billionaire hedge-fund manager John Paulson has sold his stake in Trilogy Metals Inc. after more than a decade as an investor in the Alaska-focused mining company, which recently secured US government backing.

Paulson, with an 8.7% stake, had been the fourth-largest investor in Trilogy before he sold 14.3 million shares in the fourth quarter of 2025 through his investment firm Paulson & Co., according to filings.