$TMQ.TO

Trilogy Metals Starts 2026 Summer Field Program at Upper Kobuk Mineral Projects in Alaska; Ron Rimelman Appointed as President of Ambler Metals

Trilogy Metals' (TMQ.TO, TMQ) field crews have successfully mobilized to site and seasonal field operations are officially underway for the 2026 summer exploration program at the Upper Kobuk Mineral Projects (UKMP) in northwestern Alaska's Ambler Mining District, it said on Tuesday.The company also said that Ron Rimelman was appointed as President of Ambler Metals to lead the joint venture management team during the permitting of the Arctic Project. Ambler Metals LLC, a 50/50 JV operating company equally owned by Trilogy and South32 Limited (S32.AX, S32.L), is advancing the UKMP asset portfolio, which encompasses about 190,929 hectares and hosts both the high-grade Arctic polymetallic deposit and the Bornite copper-cobalt deposit.This fully financed program is expected to encompass about 40 drill holes intended to firm up final engineering plans for the development of the Arctic mine. The company said it is also prioritising re-establishing the exploration camp at Bornite and initiating drill-target assessments that will form the basis for future regional exploration along the UKMP mineral belt.The 2026 drill program is being carried out using two diamond drill rigs."This year's favourable snow conditions support the planned start of drilling at the Arctic Project on June 15, and drilling is expected to continue into September, with the campaign efficiently sequenced to combine geotechnical and hydrogeological holes supporting mine design and permitting, with deeper exploration step-outs along the Arctic mineral horizon," said the company in a statement. "Rounding out the season, the field program will carry out regional exploration aimed at advancing known mineral occurrences and targets across the UKMP, with the goal of readying targets for drilling in 2027."U.S.-listed shares of the company were last seen up 2.3% at US$4.03 in pre-market trading.

Closing Date Extended for US Government's Planned Investment in Trilogy Metals

The targeted closing date for the US Government's planned US$35.6 million investment in Trilogy Metals (TMQ.TO) has been extended to July 31 from May 31 to account for the time required to finalize definitive documentation, Trilogy said Monday.Trilogy expects to close the transaction on or before July 31.Since announcing the investment, Trilogy Metals and Ambler Metals, the company's 50/50 joint venture with South32, are continuing discussions regarding the transaction, including a framework agreement for the proposed 211-mile road for the Ambler mining district.The U.S. Government has also completed its Foreign Ownership, Control or Influence risk assessment of Trilogy Metals, enabling the parties to finalize the definitive agreements required for closing.In addition, the U.S. Congress has reauthorized the Defense Production Act to provide foundation for government's strategic equity investment program in Trilogy and other domestic critical mineral companies."This investment from the U.S. Government signifies the strategic importance to American critical mineral supply chain security, and we remain fully committed to closing on this schedule," Trilogy President and Chief Executive Officer Tony Giardini said.

Trilogy Metals Updaing on U.S. Department of War Strategic Equity Investment and Extends Closing Deadline to July 31, 2026

Trilogy Metals' Arctic Project Accepted into US FAST-41 Federal Permitting Program

Trilogy Metals (TMQ.TO)'S Arctic joint venture with South32 in Alaska has been accepted into the US FAST-41 Federal Permitting Dashboard, Trilogy said Friday.FAST-41 seeks to improve transparency and predictability of the federal environmental review and authorization process for major infrastructure projects."The US currently imports a substantial share of its copper supply from foreign nations - a strategic vulnerability that FAST-41, by providing a clear and coordinated federal permitting framework for domestic mineral projects, could help alleviate," President and Chief Executive Officer Tony Giardini said."Inclusion on the Federal Permitting Dashboard signals that the Arctic Project has been recognized at the highest levels of government as a nationally important critical minerals asset," Giardini added.

Trilogy Metals Announcing Acceptance of Alaska's High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project into the FAST-41 Federal Permitting Program