Trilogy Metals (TMQ) provided an update on the Ambler Access Project – the proposed 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects to the Dalton Highway that would enable the advancement of exploration and development at the Ambler Mining District in Northwest Alaska, home to some of the world’s richest known copper-dominant polymetallic deposits. Trilogy announced that the Alaska Industrial Development and Export Authority has executed the right-of-way permits for the Ambler Access Road with the U.S. Army Corps of Engineers, the National Park Service and the Bureau of Land Management, formally re-establishing the federal authorizations required to advance the road project. The issuance of these permits follows the October 6 presidential decision under Section 1106 of the Alaska National Interest Lands Conservation Act directing federal agencies to re-issue the authorizations necessary for construction and operation of the Ambler Access Road. The executed permits restore the 50-year right-of-way across federally managed lands originally granted in 2020. Now with the federal Right-of-Way permits in effect, AIDEA plans to proceed with road planning activities including updating detailed engineering plans, programs and budgets for next year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMQ:
