06:53 AM EDT, 03/25/2025 (MT Newswires) -- Trilogy Metals ( TMQ ) on Tuesday noted moves by the Trump administration that would advance the development of the Ambler Access project in Alaska, a planned industrial-use-only road to support exploration and development at the Ambler Mining District in northwest Alaska.

The mining district is said to be home to some of the world's richest known copper-dominant polymetallic deposits.

U.S. President Donald Trump on Jan. 20 signed an executive order instructing agency heads to revoke, rescind or revise regulations that are inconsistent with resource development in Alaska and places a moratorium on activities related to the rejection of a right-of-way permit to build the Ambler Road.

Interior Secretary Doug Burgum on Feb. 3 signed an order directing the submission of an action plan "to expedite the permitting and leasing of energy and natural resource projects in Alaska."

Burgum on March 20 announced that the Bureau of Land Management will work toward partial revocation of public land withdrawals to convey these lands to the state of Alaska, which is expected to help advance the Ambler Road.

On March 11, the Kobuk Tribal Council, on behalf of the community of Kobuk, passed a resolution in support of the road, acknowledging that the project could provide local jobs and economic benefits to the community.

"Recent actions taken by President Donald Trump and Interior Secretary Doug Burgum signal a positive path forward for the Ambler Road," said Trilogy Metals ( TMQ ) President and CEO Tony Giardini. "This transportation corridor is crucial not only for providing access to the minerals that are vital to U.S. national security and prosperity, but also for much-needed economic growth and job creation in Alaska."

Trilogy Metals' ( TMQ ) share price jumped 14.4% to $2.94 on the TSX on Monday.