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FAQ: Trilogy Metals Inc. Federal Funding and Upper Kobuk Mineral Projects
TL;DR
Trilogy Metals gains strategic advantage with $35.6 million government investment and restored Ambler Access Project permits to secure America's critical mineral supply chain.
Trilogy Metals will use the $35.6 million investment and restored road permits to accelerate exploration and development of copper, zinc, cobalt, and lead deposits in Alaska.
This partnership strengthens America's domestic mineral supply chain, supporting technology and energy systems while respecting local communities and subsistence livelihoods in Alaska.
Trilogy Metals is developing one of the world's richest copper districts in Alaska's Ambler Mining District, containing high-grade copper, zinc, cobalt, and precious metals.
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Trilogy Metals announced two major milestones: the restoration of permits for the Ambler Access Project by President Donald Trump and a $35.6 million investment from the U.S. Department of War to accelerate exploration at the Upper Kobuk Mineral Projects.
The investment underscores the critical role of American copper, zinc, cobalt, and lead in driving technology, energy systems, and advanced manufacturing, supporting America's local supply chain for essential minerals.
The company is receiving $35.6 million from the U.S. Department of War, which grants the government a 10% interest in Trilogy Metals.
The Upper Kobuk Mineral Projects are located in northwestern Alaska within the Ambler Mining District, spanning approximately 190,929 hectares.
The district contains world-class polymetallic volcanogenic massive sulphide deposits with copper, zinc, lead, gold, and silver, plus carbonate replacement deposits with high-grade copper and cobalt mineralization.
Ambler Metals LLC is a 50/50 joint venture between Trilogy Metals and South32, and it holds 100% interest in the Upper Kobuk Mineral Projects.
The Ambler Access Project is a 211-mile industrial-use-only road that will link Alaska's Dalton Highway to the Ambler Mining District, recently having its permits restored by President Donald Trump.
Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, providing a framework for exploration and potential development in cooperation with local communities.
The company's vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
The latest news and updates relating to TMQ are available in the company's newsroom at https://nnw.fm/TMQ
Curated from InvestorBrandNetwork (IBN)
