Trilogy Metals

U.S. Government Investment & Ambler Road Permitting On Oct. 6, 2025, the U.S. announced a landmark deal: the Department of Defense will buy 8.215 million units of Trilogy stock (common shares plus warrants) at C$2.17 each ts2.tech. This $35.6 million injection makes the U.S. a ~10% Trilogy shareholder ts2.tech. South32 will invest an equal $17.8 million by selling shares and options back to the government ts2.tech. Importantly, President Trump simultaneously signed an executive order permitting the long-blocked Ambler access road ts2.tech. The road (211 miles through the Brooks Range) connects Trilogy’s Alaska projects to infrastructure, a step analysts say “removes major political/regulatory hurdles”