VANCOUVER, BC, Aug. 16,
2022 /CNW/ - Trilogy Metals Inc. (TSX: TMQ)
(NYSE American: TMQ) ("Trilogy", "Trilogy Metals" or "the Company")
announces that on August 12, 2022,
Ambler Metals LLC ("Ambler Metals"), the joint venture operating
company equally owned by Trilogy and South32 Limited (ASX: S32)
(LSE: S32) (JSE: S32) (ADR: SOUHY) ("South32"), hosted a site visit
for Chiefs from the Doyon region and NANA region tribal
leadership.
Ambler Metals' full news release is below.
Learning Together While Building
Trusted Relationships
Ambler Metals Hosts Doyon Region Tribal Chiefs and NANA
Region Tribal Presidents
August 12, 2022
– Anchorage, Alaska – As part of
exploration efforts to develop its sizable holdings in the Ambler
Mining District in Alaska, Ambler
Metals is investing in one of its most important partnerships; the
surrounding communities of the Arctic and Bornite project sites.
Recently Ambler hosted a site visit for Chiefs from the Doyon
region and NANA region tribal leadership.
The site visit provided an excellent opportunity for open
dialogue and fostered important discussions related to the
project's positive impact throughout local economies. Tribal
leaders were able to experience first-hand a wide variety of work
that is being conducted by shareholders and expand their
understanding of the long-term benefits of workforce development
spanning exploration, construction, operations, reclamation, and
closure.
"One of our core values is respect – for people, the land, the
culture and the environment," says Ramzi
Fawaz, President and CEO, Ambler Metals.
"There is no better way to learn from one another than to spend
time in conversation, listening, gaining knowledge from the
long-time stewards of the land, and working together toward common
goals."
The tribal leaders held a private roundtable discussion in
conjunction with the site visit. Their future engagement and input
will help significantly shape the project so that the land and
people of the region can continue to thrive in traditional ways,
while bringing new economic opportunities to the area. The project
has the potential to provide hundreds of jobs throughout its
lifetime, lower transportation costs of fuel and other supplies,
and fund essential government services in a remote region of the
Arctic.
"One of the main economic pillars of our region's economy is
based around responsible resource development," says Ely Cyrus, President of the Kiana tribe.
"As President of the tribe in Kiana, I feel it is important to work together
as tribal leaders. Conversations such as this have the potential to
inform and empower our tribes on ways to provide a path for
employment for our people and is a forum for our voices to be heard
on the importance of subsistence resources and lands," adds
Cyrus.
"There are tremendously positive takeaways from this site visit,
and I would like to extend my sincere appreciation to the tribal
Chiefs and Presidents from both regions for sharing their expertise
and expanding our relationships," says Fawaz.
From the Doyon region: Chief Harding Sam – Alatna; Chief
Lawrence Williams – Allakaket; and Chief Wilmer Beetus – Hughes.
From the NANA region: President Miles
Cleveland – Ambler; Gena
Linus (council member) – Kobuk; President Fred
Sun – Shungnak; President
Ely Cyrus – Kiana; and Linda
Lee – Shungnak.
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 UKMP in northwestern
Alaska. On December 19, 2019, South32, 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 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 a land package that spans
approximately 181,387 hectares. Ambler Metals has an agreement with
NANA Regional Corporation, Inc., an Alaska Native Corporation that
provides a framework for the exploration and potential development
of the Ambler Mining District in cooperation with local
communities. Trilogy's vision is to develop the Ambler Mining
District into a premier North American copper producer.
Cautionary Note Regarding
Forward-Looking Statements
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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 development of the
Company's projects or land holdings and the potential economic
impact and benefits that may result from such development, 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 whether the Alaska Industrial
Development and Export Authority will build the Ambler Access
Project; the results of the additional supplemental work on
the FEIS resulting from the voluntary remand; the
impact of the COVID-19 pandemic; 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, 2021 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.