Trump orders permits for Alaska mining road, US takes stake in Trilogy Metals [USA TODAY]
SOUTH32 LTD SPNS/ADR (SOUHY)
NASDAQ:AMEX Investor Relations:
south32.net/docs/default-source/exchange-releases/notice-of-annual-general-meeting-2017-and-director-election.pdf?sfvrsn=b80badf_6
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Source: USA TODAY
access road to the Ambler mining district in Alaska to unlock domestic supplies of copper and other minerals. The White House also announced a $35.6 million investment in Canada's Trilogy Metals TMQ.TO, one of the region's possible developers. The investment makes the U.S. government a 10% shareholder in the company and includes warrants to purchase an additional 7.5% stake. U.S.-listed shares of Trilogy more than doubled in after-hours trade to $4.72. “This partnership represents a strong vote of confidence in the Ambler Mining District and is a major step forward for domestic mineral development that's fundamental to America's security and economy,” said Kaleb Froehlich, managing director of Ambler Metals, a joint venture between Trilogy and Australia's South32 Limited. Trump's order reverses the Biden administration's rejection of a 211-mile (340-km) road intended to enable mine development in the north central Alaskan region. Biden's Interior Department in 2024 had cited r
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