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Trump Fast-Tracks Alaska Ambler Road, Takes U.S. Stake in Trilogy Metals

The directive sets up a fresh legal fight over permits for the 211-mile industrial corridor.

Overview

  • An executive order directs the Bureau of Land Management, National Park Service and Army Corps of Engineers to promptly reissue approvals for the Ambler access road, a 211-mile route that includes segments through Gates of the Arctic National Park and Preserve.
  • Interior Secretary Doug Burgum said the project will proceed in phases with a pilot single-lane gravel road and indicated construction could begin next spring.
  • The White House announced a $35.6 million investment for a 10% equity stake in Trilogy Metals, including warrants to purchase roughly another 7.5% of the company.
  • Officials cast the move as vital for securing domestic supplies of copper, cobalt and other critical minerals to reduce reliance on China, linking the effort to economic and national security goals.
  • A consortium of tribes and environmental groups vowed court challenges over risks to caribou, salmon and subsistence livelihoods, even as Trilogy’s shares surged more than 200% on the news.