This article has been disseminated on behalf of Trilogy Metals Inc. and may include paid advertising.
Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) provided an update on the previously announced proposed strategic equity investment of approximately US$35.6 million by the U.S. Department of War (“DOW”) to support exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska. The company said discussions with the DOW remain ongoing.
Trilogy added that the letter of intent signed in October 2025 remains in effect as the parties continue to advance discussions regarding the proposed investment. The funding is intended to support continued exploration and development activities at the Upper Kobuk Mineral Projects.
To view the full press release, visit https://ibn.fm/YCxA5
About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects (“UKMP“) in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. 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 polymetallic 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 Metals’ vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at https://ibn.fm/TMQ
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