- TMQ recently secured a $35.6 million strategic investment from the American Department of War to speed up development at the Upper Kobuk Mineral Projects (“UKMP”) in Alaska
- President Donald Trump issued a decision to grant permits for the Ambler Access Project, making the development of domestic critical mineral assets possible
- These strategic developments underscore Trilogy’s pivotal role in America’s minerals strategy, supporting the country’s national security and energy objectives
- These updates help advance Trilogy’s mission to strategically develop Alaska’s world-class mineral district, in addition to protecting the environment and empowering local communities
Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) is making significant progress in its efforts to boost America’s local supply chain for essential minerals. The company recently announced two major milestones: President Donald Trump’s restoration of permits for the Ambler Access Project, a 211-mile industrial-use-only road linking Alaska’s Dalton Highway to the Ambler Mining District, and a crucial $35.6 million investment from the U.S. Department of War.
The U.S. Department of War’s investment, through the Office of the Undersecretary of Defense for Acquisition and Sustainment, will grant the government a 10% interest in Trilogy Metals. The funding will help accelerate exploration and development efforts at the Upper Kobuk Mineral Projects. This strategic partnership underscores the critical role of American copper, zinc, cobalt, and lead in driving technology, energy systems, and advanced manufacturing (ibn.fm/3weGF).
“This proposed partnership with the U.S. Government represents a significant milestone for Trilogy Metals and for the development of a secure, domestic supply of critical minerals for America in Alaska,” according to Trilogy Metals’ President and CEO Tony Giardini. “We look forward to working with our partners at South32, federal and state agencies, and Alaska Native communities to advance this world-class district responsibly and collaboratively.”
The President’s decision under Section 1106 of the Alaska National Interest Lands Conservation Act (“ANILCA”) restores the permits needed for the Ambler Access Project, which were terminated by the previous administration. The Ambler Road is expected to enable strategic access to the Arctic and Bornite deposits while preserving the local ecosystems and wildlife corridors (ibn.fm/JXTCF).
The road is expected to create lasting economic opportunities for Alaska Native communities, through contracting, employment, and infrastructural benefits while adhering to environmental protection rules.
For America, these updates not only signify progress being made in Alaska – they also align with the national mineral policy, ensuring secure domestic sources of metals crucial to defense and clean energy. Trilogy has a clear pathway towards developing the Ambler Mining District into a leading North American copper hub.
With the strategic support from the Alaska Industrial Development and Export Authority, the State of Alaska, and the federal government, Trilogy is well positioned to transition from exploration to production. Environmental work, engineering updates, and engagement with the community are the next steps in the next few months.
For more information, visit www.TrilogyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at ibn.fm/TMQ
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