Trilogy Metals Stock Soars Over 200% Following Trump Administration Investment and Ambler Access Project Approval

Trilogy Metals Inc. experienced a dramatic stock surge of more than 200% following two significant developments from the Trump administration. The administration purchased a 10% equity stake in the company valued at $35.6 million, with warrants for an additional 7.5% interest. This substantial government investment represents a notable departure from previous federal approaches to mineral development. Concurrently, President Trump signed an executive order directing federal agencies to reinstate and approve all required permits for the Ambler Access Project. This 211-mile industrial road would connect Alaska's mineral-rich Ambler Mining District to the state highway system, enabling access to substantial deposits of copper, cobalt, silver, gold, lead, and other critical metals essential to U.S. supply chains. The full details of these developments are available at https://ibn.fm/1tKnR.

The executive order represents a complete reversal of the 2024 "No Action" ruling under the Biden administration, signaling a renewed federal commitment to developing domestic sources of strategic minerals. This policy shift comes at a time when the United States has been seeking to reduce dependence on foreign sources for critical minerals essential for defense, technology, and renewable energy applications. The Ambler Mining District is considered one of the richest copper-dominant districts globally, hosting world-class polymetallic volcanogenic massive sulphide deposits. Trilogy Metals holds a 50 percent interest in Ambler Metals LLC, which maintains a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern Alaska.

The UKMP spans approximately 190,929 hectares and includes two primary deposits: the Arctic VMS deposit and the Bornite carbonate replacement deposit. These deposits contain significant concentrations of copper, zinc, lead, gold, silver, and high-grade cobalt mineralization. The company's corporate communications and updates can be monitored through their newsroom at https://ibn.fm/TMQ. The Ambler Metals joint venture, formed with South32 in December 2019, has established a framework for exploration and potential development in cooperation with local communities through an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation. This partnership aims to balance mineral development with respect for subsistence livelihoods in the region. The recent developments underscore the strategic importance of domestic mineral resources and represent a significant shift in federal resource development policy that could have far-reaching implications for national security and economic independence.