Trilogy, South32 partner with Alaska to fund critical mine road

Ambler Metals, a joint venture between Canada’s Trilogy Metals (TSX, NYSE: TMQ) and Australia’s South32 (ASX, LSE, JSE: S32), has inked a development funding agreement with the Alaska Industrial Development and Export Authority (AIDEA) aimed at building a critical road for a copper-zinc-gold project in the state’s northwest.

The partnership, formed in 2019, seeks to eventually develop the Upper Kobuk Mineral Projects (UKMP) in Alaska’s Ambler mining district. Building an access road to the deposit is one of the first steps to achieving that goal.

The agreement defines how AIDEA and Ambler Metals will work together on pre-development work for the access project, funding and oversight of the project's feasibility and permitting.