11:26 AM EDT, 10/24/2025 (MT Newswires) -- Trilogy Metals ( TMQ ) Friday provided an update on the Ambler Access Project that would enable the development of the Ambler Mining District in Alaska.

The Alaska Industrial Development and Export Authority (AIDEA), which manages the project, has executed the right-of-way permits for the project with the U.S. Army Corps of Engineers, the National Park Service and the Bureau of Land Management. This formally re-establishes required federal authorizations to advance the project.

With the right-of-way permits in effect, AIDEA plans to proceed with road planning activities, including updated engineering plans and budgets for next year.

The Ambler Access Project is a planned 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects to the Dalton Highway. Trilogy is advancing exploration at the Upper Kobuk Mineral Projects in Alaska's Ambler Mining District, which contains rich copper-dominant polymetallic deposits.

Trilogy's share price at last look Friday surged 11.3% to $8.17 on the Toronto Stock Exchange and climbed 13.4% to $5.86 on the NYSE American.

Price: 8.15, Change: +0.81, Percent Change: +11.04