US to Take 10% of Trilogy Metals to Unlock Alaskan Minerals (1)

The US said it will take a 10% stake in Canadian minerals explorer Trilogy Metals Inc. as part of a $35.6 million investment to secure critical energy and mining projects in Alaska.

In an announcement Monday, President Donald Trump said the White House is reversing a Biden-era decision to reject Ambler Road, a project to help access vast critical mineral deposits in Alaska’s Northern Brooks Range. The 211-mile (340-kilometer) highway would connect a remote mining district with deposits of copper, cobalt, gallium and germanium among others.

“This was something that should have been long operating and making billions of dollars ...