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Investing.com -- Trilogy Metals Inc. (NYSE American:TMQ) (TSX:TMQ) stock surged 9.3% in premarket trading Friday after the company announced that federal permits for the Ambler Access Project have been formally reinstated, marking a critical advancement for its Alaska mining operations.
The Alaska Industrial Development and Export Authority (AIDEA) has executed Right-of-Way permits with three federal agencies - the U.S. Army Corps of Engineers, National Park Service, and Bureau of Land Management. These permits restore the 50-year right-of-way across federal lands originally granted in 2020, allowing the proposed 211-mile industrial-use road to move forward.
This development follows an October 6 Presidential decision under the Alaska National Interest Lands Conservation Act that directed federal agencies to reissue the necessary authorizations for the road’s construction and operation. The Ambler Access Road is designed to connect the Upper Kobuk Mineral Projects to the Dalton Highway, providing crucial infrastructure for the copper-rich Ambler Mining District.
With federal permits now secured, AIDEA plans to proceed with road planning activities, including updating engineering plans, programs and budgets for next year.
Tony Giardini, President and CEO of Trilogy Metals, called the permit execution "a pivotal milestone" for both the project and Alaska, highlighting the district’s potential to strengthen domestic supplies of copper and other critical minerals needed for national defense, energy infrastructure, and the growing AI data center industry.
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