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Ambler Metals LLC

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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.