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Trilogy Metals says key permits re-issued for Alaska mining road
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Trilogy Metals says key permits re-issued for Alaska mining road
Oct 24, 2025 4:33 AM

Oct 24 (Reuters) - Canadian miner Trilogy Metals ( TMQ )

said on Friday key federal permits have been re-issued

for a planned road in northwest Alaska that would support future

mining projects.

U.S.-listed shares of Trilogy Metals ( TMQ ) rose over 8% in

premarket trade.

The permits, granted by U.S. agencies including Alaska

Industrial Development and Export Authority, the Army Corps of

Engineers and the Bureau of Land Management, follow a recent

presidential order to restore approvals originally given in

2020.

The 211-mile (340 km) access road is located in the Ambler

mining district in Alaska which is rich in domestic supplies of

copper and other minerals.

"The road will provide access to a mining district that has

the potential to strengthen the United States' ability to secure

domestic supplies of copper and other critical minerals,"

Trilogy CEO Tony Giardini said.

Earlier this month, the White House had announced a $35.6

million investment in Trilogy Metals ( TMQ ), making the U.S. government

a 10% shareholder in the miner. The investment included warrants

to purchase an additional 7.5% stake.

Trilogy, a key developer in the Ambler district, operates a

joint venture there with Australia's South32 ( SHTLF ).

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