Trilogy Metals Secures $35.6 Million U.S. Government Investment for Alaska Critical Minerals

Highlights

• The U.S. government will hold roughly 10% direct ownership in Trilogy Metals plus warrants representing another 7.5% after closing in September.
• The $35.6M is split ~$17.8M to Trilogy and ~$17.8M to South32, with proceeds reinvested into the 50/50 Ambler Metals joint venture.
• Germanium resources at Bornite are based on only 84 samples from five drill holes and do not yet constitute a conventional mineral resource or reserve.
• The 211-mile Ambler Access Road remains critical—without economical access, even world-class geology stays stranded.