Trilogy Metals Announces Approved Program and Budget for the Ambler Access Project
VANCOUVER, BC, Feb. 7, 2022 /CNW/ – 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 2022 summer field season activities and services of up to $30.8 million for the Ambler Access Project (“Ambler Access Project” or “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, LSE, JSE: S32; ADR: SOUHY) (“South32”). All amounts are in US dollars.
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