Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) announced that President Trump issued a decision under Section 1106 of the Alaska National Interest Lands Conservation Act (ANILCA), granting the permits for the Ambler Access Project (“Ambler Road”). The decision upholds an appeal by the Alaska Industrial Development and Export Authority (AIDEA) to reverse the Biden Administration’s June 2024 “No Action Alternative,” which had terminated the project’s right-of-way grant. President Trump directed federal agencies to reinstate and finalize all necessary permits to ensure feasible access to the Ambler Mining District for economic, industrial, and commercial purposes. Under Section 1106 of ANILCA, Congress mandated that transportation access “shall be granted” to the district, enabling AIDEA’s direct appeal and reaffirming the federal commitment to resource development alongside environmental stewardship in Alaska.
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About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern Alaska . On December 19, 2019 , South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy’s vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
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