Trilogy Approves Entering into Development Funding Agreement with the Alaska Industrial Development and Export Authority
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VANCOUVER, BC, Feb. 11, 2021 /PRNewswire/ -
Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ( Trilogy or the Company ) has provided approval for Ambler Metals LLC ( Ambler Metals ), the joint venture operating company equally owned by Trilogy and South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ( South32 ), to enter into an Ambler Access Development Agreement with the Alaska Industrial Development and Export Authority ( AIDEA ).
The Ambler Access Development Agreement defines how AIDEA and Ambler Metals will work cooperatively together on the pre-development work for the Ambler Access Project to address funding and oversight of the project s feasibility and permitting activities until the parties reach a decision on the construction of the project by the end of 2024 at the latest. The cost of the pre-development
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Trilogy Metals Inc. has announced that the Alaska Industrial Development and Export Authority (AIDEA) has signed agreements for right-of-ways for the Ambler Road Project with the US Bureau of Land Management (BLM) and the National Park Service (NPS). The agreements grant a 50-year right-of-way on federally owned and managed land by the federal agencies for the future development of the Ambler Mining District Industrial Access Road.
On 23 July 2020, the BLM issued the joint record of decision (JROD) for the Ambler Road Project. The JROD approves the development of the northern or ‘A’ route which is to be a 211-mile-long gravel private access road in the southern Brooks Range foothills to provide industrial access to the Ambler Mining District. Along with the JROD, a Section 404 Permit, which is governed by the Clean Water Act (CWA), was issued by the US Army Corp. of Engineers (USACE) to AIDEA.
Alaska Industrial Development and Export Authority Receives Final Federal Authorizations for the Ambler Road Project
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Trilogy Metals Inc. (
TSX/NYSE American:
TMQ) ( Trilogy or the Company ) is pleased to announce that the Alaska Industrial Development and Export Authority ( AIDEA ) has signed agreements for Right-of-Ways for the Ambler Road Project with the United States Bureau of Land Management ( BLM ) and the National Park Service ( NPS ). The agreements grant a 50-year right-of-way on federally owned and managed land by the federal agencies for the future development of the Ambler Mining District Industrial Access Road.
On July 23, 2020, the BLM issued the Joint Record of Decision ( JROD ) for the Ambler Road Project. The JROD approves the development of the northern or A route which is to be a 211-mile-long gravel private access road in the southern Brooks Range foothills to provide industrial access to the Ambler Mining Dist