Not gunna lie this one caught me out of left field. The investment is $35.6 million for 10% and more importantly granted Trilogy Metals permits that they needed by reversing the Biden Admins rejection of the Ambler Road project. This 211 mile industrial road through Alaska allows for the exploration and future extraction. The Amber district is known to be rich in various critical minerals and materials.
the move would help to secure domestic supply chains for minerals including copper, cobalt, zinc and lead, highlighting the importance of these resources in energy infrastructure, defense technologies and manufacturing.
Unlike with the Lithium Americas deal I have not seen anything about the Government having an established exit plan from this investment but I do assume that they would continue to do just that.