Trilogy Metals said the U.S. Department of the Interior has transferred about 1.4 million acres of federal land in Alaska’s Dalton Utility Corridor to the state, a move the company says could improve the outlook for infrastructure tied to its Ambler Mining District assets.
The company said the transfer follows the partial revocation of Public Land Order 5150 and gives Alaska ownership and management of significant portions of the corridor. Trilogy said the change should reduce regulatory complexity and improve coordination for future permitting and right-of-way approvals.
Tony Giardini, Trilogy’s president and chief executive, said the transfer creates a “more stable and predictable framework” for infrastructure development, including the proposed Ambler Road, a 211-mile industrial-use-only road intended to connect the Ambler Mining District to the Dalton Highway.
Trilogy said the Ambler Mining District is viewed as prospective for copper, cobalt, zinc and other critical minerals. The company’s Upper Kobuk Mineral Projects cover about 190,929 hectares and include the Arctic VMS deposit and the Bornite carbonate replacement deposit.
Trilogy holds a 50% interest in Ambler Metals LLC, which owns 100% of the Upper Kobuk Mineral Projects. South32 owns the other 50% of the joint venture. The market has reacted to these announcements by moving the company's shares -0.11% to a price of $4.645. For more information, read the company's full 8-K submission here.
