Disseminated on behalf of Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) and may include paid advertising.
Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) is advancing one of North America’s richest undeveloped districts through its 50% joint venture with South32 Limited. A recent article discussing this reads, “As the global demand for metals surges and the U.S. government turns to Alaska for secure critical mineral supply, a renewed sense of purpose is taking place in America’s Last Frontier. With prices rising for minerals like copper, silver and gold, and federal momentum building behind domestic production, Alaska’s mining sector has entered a new era of growth since the election… Trilogy Metals, a company focused on developing its high-grade copper assets in the Ambler Mining District, recently marked significant steps forward in both infrastructure and investment support. On the same day that President Trump issued a decision to grant the permits for the Ambler Road, the U.S. Department of War (‘DOW’) invested $35.6 million to acquire a 10% stake in Trilogy, highlighting the importance of the district’s mineral resources. Trilogy, through its Ambler Metals joint venture with South32 Limited, controls a 471,800-acre mineral land package, including the district’s two most advanced deposits: Arctic and Bornite. Together, these deposits host copper, zinc, lead, gold, silver and cobalt.”
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About Trilogy Metals Inc.
Trilogy Metals is a metal exploration and development company which holds a 50% interest in Ambler Metals LLC, which has a 100% interest in the Upper Kobuk Mineral Projects in northwestern Alaska. On Dec. 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District, which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (“VMS”) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits, which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy’s vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
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