VANCOUVER, Jan. 11, 2021 /PRNewswire/ - Trilogy
Metals Inc. (TSX/NYSE American: TMQ) ("Trilogy"
or the "Company") is pleased to announce that the Alaska Industrial
Development and Export Authority ("AIDEA") has signed agreements
for Right-of-Ways for the Ambler Road Project with the United
States Bureau of Land Management ("BLM") and the National Park
Service ("NPS"). The agreements grant a 50-year right-of-way
on federally owned and managed land by the federal agencies for the
future development of the Ambler Mining District Industrial Access
Road.
On July 23, 2020, the BLM issued
the Joint Record of Decision ("JROD") for the Ambler Road
Project. The JROD approves the development of the northern or
"A" route which is to be a 211-mile-long gravel private access road
in the southern Brooks Range
foothills to provide industrial access to the Ambler Mining
District. Along with the JROD, a Section 404 Permit, which is
governed by the Clean Water Act ("CWA"), was issued by the United
States Army Corp. of Engineers ("USACE") to AIDEA.
On January 6, 2021, BLM, NPS and
AIDEA signed Right-of-Way agreements giving AIDEA the ability to
cross federally owned and managed lands along the route for the
Ambler Road Project approved in the JROD. The authorizing documents
with the two agencies are the final federal permits required for
the Ambler Road Project.
Ambler Metals LLC ("Ambler Metals"), the joint venture operating
company equally owned by Trilogy and South32 Limited (ASX, LSE,
JSE: S32; ADR: SOUHY) ("South32") is also continuing discussions
with AIDEA on securing a predevelopment funding agreement for the
detailed engineering work for the Ambler Road Project.
During the 2020 field season, AIDEA was able to complete initial
fieldwork on the proposed Ambler Access Project route which
included a light detection and ranging survey ("LIDAR") and aerial
photography and cultural resource work. AIDEA anticipates carrying
out more fieldwork during the 2021 season while following all
mandates required by the Covid 19 pandemic.
The Company also notes that a coalition of national and
Alaska environmental
non-government organizations ("ENGO") have filed a lawsuit against
the federal agencies responsible for issuing the JROD. The ENGO's
main position is that due process was not carried out during the
permitting of the AMDIAP. Subsequently, AIDEA, and Ambler Metals
have filed for and received intervenor status in the lawsuit and
will be defending the issuance of the JROD and the
permits.
Tony Giardini, President and CEO
of Trilogy, commented, "I would like to commend AIDEA for the
continued positive progress of the Ambler Access Project which is a
critical link in the development of the Ambler Mining District.
Despite the difficult times caused by the COVID pandemic, AIDEA and
the government of Alaska have
demonstrated effective leadership and we expect continued progress
on the road during 2021."
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development
company which holds a 50 percent interest in Ambler Metals LLC
which has a 100 percent interest in the Upper Kobuk Mineral
Projects ("UKMP") in northwestern Alaska. On December 19,
2020, South32, which is a globally diversified mining and
metals company, exercised its option to form a 50/50 joint venture
with Trilogy. The UKMP is located within the Ambler Mining District
which is one of the richest and most-prospective known
copper-dominant districts located in one of the safest geopolitical
jurisdictions in the world. It hosts world-class polymetallic
volcanogenic massive sulphide ("VMS") deposits that contain copper,
zinc, lead, gold and silver, and carbonate replacement deposits
which have been found to host high-grade copper and cobalt
mineralization. Exploration efforts have been focused on two
deposits in the Ambler mining district - the Arctic VMS deposit and
the Bornite carbonate replacement deposit. Both deposits are
located within land package that spans approximately 172,636
hectares. Ambler Metals has an agreement with NANA Regional
Corporation, Inc., a Regional Alaska Native Corporation that
provides a framework for the exploration and potential development
of the Ambler mining district in cooperation with local
communities. Our vision is to develop the Ambler mining district
into a premier North American copper producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, included herein, including,
without limitation, statements relating to the permitting and
construction of the AIDEA and the merits of the UKMP are
forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential",
"possible", and similar expressions, or statements that events,
conditions, or results "will", "may", "could", or "should" occur or
be achieved. Forward-looking statements involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations include the
uncertainties involving success of exploration activities,
permitting timelines, requirements for additional capital,
government regulation of mining operations, environmental
risks, prices for energy inputs, labour, materials, supplies
and services, uncertainties involved in the interpretation of
drilling results and geological tests, unexpected cost increases
and other risks and uncertainties disclosed in the Company's Annual
Report on Form 10-K for the year ended November 30, 2019 filed with Canadian securities
regulatory authorities and with the United States Securities and
Exchange Commission and in other Company reports and documents
filed with applicable securities regulatory authorities from time
to time. The Company's forward-looking statements reflect the
beliefs, opinions and projections on the date the statements are
made. The Company assumes no obligation to update the
forward-looking statements or beliefs, opinions, projections, or
other factors, should they change, except as required by
law.
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SOURCE Trilogy Metals Inc.