Important permitting milestone achieved at Trilogy's Ambler project
(Kitco News) - Trilogy Metals (TSX: TMQ;NYSE: TMQ) announced today that its Ambler project in Alaska was granted a 50-year right-of-way on federally owned and managed land by the federal agencies for the future development of the industrial access road.
The company added that Ambler Metals, the joint venture operating company equally owned by Trilogy and South32, is also continuing discussions with the Alaska Industrial Development and Export Authority (AIDEA) on “securing a predevelopment funding agreement” for the detailed engineering work for the Ambler road project.
President and CEO Tony Giardini commented, “I would like to commend AIDEA for the continued positive progress of the Ambler access project which is a critical link in the development of the Ambler mining district. Despite the difficult times caused by the COVID pandemic, AIDEA and the government of Alaska have demonstrated effective leadership and we expect continued progress on the road during 2021.”
Trilogy Metals is a metals exploration and development company which holds a 50 percent interest in Ambler Metals which has a 100 percent interest in the Upper Kobuk mineral projects (UKMP) in northwestern Alaska. The UKMP is located within the Ambler mining district which is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world.