Trilogy Metals (sponsor) is developing a world-class poly-metallic mine in Alaska’s remote Ambler District. Billions of pounds in copper, lead, zinc gold and silver are present. High grades and low costs, combined with a management that has the will to get the job done means a big shareholder payoff. Approval to build a 120 mile project access road was granted by BLM (Bureau of Land Management) back in July. Additional progress is being made. AIDEA (Alaska Industrial Development and Export Authority) signed a Right-of-Way agreement with BLM and the National Park Service, thus clearing another hurdle.
While this was going on, the Company has been busy developing the district and increasing its reserves in the face of Covid-19. Road engineering and preparation work has continued a pace, so when construction approval is granted, they’ll hit the ground running. With the magnitude of Trilogy’s Copper deposits, the project is very alligned with current political and economic disposition towards an electrified future; one that is highly dependent upon scarce copper.
With a project of this scale, temporary obstacles are expected. Two lawsuits were commenced by environmental groups claiming various BLM procedural errors. We’ve been following this matter closely and are confident that everything was done to the letter of law. Such litigation happens regularly in a project of this size and should be disposed of in due course. With the firm backing of the state and federal governments, the tribal corporation and various officials on both sides of the aisle, this is a project with major support. As Alaska’s oil revenues diminish, it is looking towards responsible mining to pick up the slack. Legal matters aside, the project is moving ahead swiftly, which is why Tony is extremely optimistic and along with others has been aggressively adding to his position in the Company and that should tell you everything you need to know.
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