US Government Plans 10% Stake Trilogy Metals, Supports Alaska Ambler Road Project

The Trump administration has reversed a previous decision to block the Ambler Road project in Alaska, authorizing a $35.6 million investment to support mining exploration by Trilogy Metals. This investment grants the U.S. government a 10% ownership stake in Trilogy Metals, with additional warrants potentially increasing this to 17.5%. The project aims to construct a 211-mile road to provide access to critical mineral deposits, including copper, zinc, silver, gold, lead, and cobalt, in one of the largest undeveloped mineral belts globally. The road is expected to facilitate over 1,700 active mining claims and support approximately 2,730 jobs, while generating more than $1.1 billion in license tax revenue for Alaska. This move is part of the administration's broader strategy to strengthen domestic supply chains for critical minerals, following similar investments in companies like MP Materials and Lithium Americas. Trilogy Metals, through its joint venture with South32, is advancing exploration and development of the Upper Kobuk Mineral Projects, with the Department of War playing a significant role in financing and strategic support.