Browsing Tag
Alaska Industrial Development and Export Authority
2 posts
Trilogy Metals (NYSE American: TMQ) advances Ambler projects with government equity backing
Trilogy Metals has completed a $35.6 million strategic U.S. government investment tied to Alaska’s Upper Kobuk Mineral Projects, combining new equity, warrants and government support around the infrastructure challenge posed by the proposed Ambler Road.
Trilogy Metals (TMQ) signs $35.6m Pentagon investment deal as penny warrants loom
Trilogy Metals has executed definitive agreements for a US$35.6 million strategic investment by the United States Department of War into the company and its Alaska-focused development partnership with South32. The structure gives Washington an initial 10% Trilogy stake plus deeply in-the-money future rights linked to the Ambler Road or a change of control.