U.S. acquires 10% stake in Trilogy Metals, says White House

U.S. President Donald Trump approved the appeal of the Alaska Industrial Development and Export Authority, directing his Administration to promptly issue authorizations necessary for the establishment of the Ambler Road Project. This project will provide road transportation access to the Ambler Mining District. In addition, the U.S. government is announcing a partnership with Trilogy Metals (TMQ), investing $35.6M to support mining exploration in Alaska’s Ambler Mining District. This investment makes the U.S. government a 10% shareholder in Trilogy Metals and includes warrants to purchase an additional 7.5% of the company.