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Trilogy Metals Provides Update on Access Road
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VANCOUVER, BC, April 19, 2021 /PRNewswire/ -
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ( Trilogy or the Company ) is pleased to announce that the Alaska Industrial Development and Export Authority ( AIDEA ) has formally approved the proposed plan and budget for the 2021 summer field season activities and services of up to $13 million for the Ambler Access Project ( AAP ). The cost will be shared 50/50 by AIDEA and Ambler Metals LLC ( Ambler Metals ), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX: S32) (LSE: S32) (JSE: S32) (ADR: SOUHY) ( South32 ).
AIDEA, Doyon Sign Land Access Agreement, Advancing Ambler Access Project
On April 14 the Board for the Alaska Industrial Development and Export Authority (AIDEA) authorized AIDEA to enter into an agreement with Doyon to conduct final feasibility and permitting activities to advance the Ambler Access Project.
The land access agreement allows AIDEA and its contractors controlled access to land owned and managed by Doyon along the proposed route to the Ambler Mining District. Aidea is working with Ambler Metals via the Development Agreement, signed in February, to collaborate with local stakeholders, landowners, communities, and tribes. The agreement is not a right-of-way agreement and does not convey any longer-term rights to AIDEA or the project.
Tue, 02/16/2021 - 1:23pm
The leaders of Alaska’s development bank have a deal to finance remaining preconstruction work for the Ambler mining district access road with the company leading exploration in the region.
The 50-50 cost-share agreement approved Feb. 10 by the Alaska Industrial Development and Export Authority board of directors and signed with Ambler Metals, a joint venture of Trilogy Metals, authorizes up to $70 million of spending on the Ambler road until state officials decide whether or not to build the remote 211-mile industrial road.
It runs through 2024 if AIDEA officials don’t reach a final investment decision before then.
Trilogy Metals Reports Fiscal 2020 Year End Results
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VANCOUVER, BC, Feb. 12, 2021 /PRNewswire/ -
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ( Trilogy Metals or the Company ) announces its financial results for the year and fourth quarter ended November 30, 2020. Details of the Company s financial results are contained in the audited consolidated financial statements and Management s Discussion and Analysis in our annual report on Form 10-K which will be available on the Company s website at www.trilogymetals.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated.