Trilogy Metals Announces the 2022 Program and Budget for the Upper Kobuk Mineral Projects and Provides Update on Arctic Permitting
VANCOUVER, BC, Jan. 11, 2022 /CNW/ – Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (“Trilogy” or the “Company”) is pleased to announce that Ambler Metals LLC (“Ambler Metals”), the joint venture operating company equally owned by Trilogy and a wholly-owned subsidiary of South32 Limited (ASX: S32) (LSE: S32) (JSE: S32) (ADR: SOUHY) (“South32”), has approved the 2022 program and budget of approximately $28.5 million for the advancement of the Upper Kobuk Mineral Projects (“UKMP”) located in Northwestern Alaska. The budget is 100% funded by Ambler Metals and was confirmed by the NANA/Ambler Metals Oversight committee. All amounts are in US dollars.
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