U.S. Government invests in Trilogy Metals to advance Alaskan copper supply
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Updated wednesday
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How it started
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What happened
The U.S. Department of War completed a strategic equity investment in Trilogy Metals, totaling approximately US$35.6 million. This investment is being deployed to advance the Upper Kobuk Mineral Projects (UKMP) in northwestern Alaska. Ambler Metals, which operates the UKMP, is a 50/50 joint venture between Trilogy Metals and South32 Limited. The UKMP includes the Arctic polymetallic deposit and the Bornite carbonate replacement deposit.
From prnewswire.com
Why it matters
The investment is intended to advance the exploration and development of critical metals in the region. This action supports the expansion of domestic copper supply from Alaska's Ambler Mining District.
From prnewswire.com
Who's involved
- AlaskaState where critical metals projects are being advanced
- Alaska Department of Natural ResourcesState agency responsible for natural resources and land use
How it developed
Newest first. Tap a step to see who reported it.- AIDEA promotes Red Dog Mine as a success story while Ambler Metals plans a new mine, affecting the Northwest Arctic Borough.Sub-event
- Dryad tested autonomous systems in Alaska.Sub-event
- Valhalla Metals Inc. is focusing on high-grade VMS projects in Alaska.Sub-event
Trilogy Metals and Ambler Metals are advancing critical metals projects in Alaska.1 source
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The entities involved
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Alaska
state of the United States of America