U.S. Takes 10% Stake in Trilogy Metals
The U.S. federal government will acquire a 10% equity stake in Canadian‑based Trilogy Metals, Inc., for $35.6 million and obtain warrants to buy an additional 7.5%, Interior Secretary Doug Burgum and the White House announced Monday. The Pentagon is also investing, and the move is tied to a presidential executive order aimed at boosting use of Alaska’s resources and building a 200‑mile road; Trilogy holds a 50% interest in Ambler Metals LLC, which owns the Upper Kobuk Mineral Projects in northwestern Alaska.
Politics
Energy
📌 Key Facts
- The federal government will invest $35.6 million to obtain a 10% ownership stake in Trilogy Metals, Inc.
- The agreement includes warrants allowing purchase of an additional 7.5% of Trilogy Metals.
- The Pentagon is a participant in the investment, which officials say is meant to secure critical mineral supplies from Alaska’s Ambler Mining District.