A Yahoo! Finance article by Jake Conley reported that Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) surged more than 200% after news that the Trump administration purchased a 10% equity stake valued at $35.6 million, with warrants for an additional 7.5% interest. The article detailed that President Trump also signed an executive order instructing federal agencies to reinstate and approve all required permits for the Ambler Access Project, a 211-mile industrial road that would connect Alaska’s mineral-rich Ambler Mining District to the state highway system. The district hosts substantial deposits of copper, cobalt, silver, gold, lead, and other critical metals essential to U.S. supply chains. The decision reverses a 2024 “No Action” ruling under the Biden administration and signals a renewed federal focus on developing domestic sources of strategic minerals.
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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.
NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at https://ibn.fm/TMQ
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