Overview
- An executive order directs the Bureau of Land Management, National Park Service and U.S. Army Corps of Engineers to reissue or promptly issue permits for the 211-mile Ambler Access Road.
- Interior Secretary Doug Burgum said work could start next spring with a pilot single-lane gravel segment, and he described a plan for joint ownership by the state, federal government and Native Alaskan entities.
- The U.S. will invest $35.6 million for a 10% equity stake in Trilogy Metals, with warrants for an additional 7.5%, to support exploration in the Ambler Mining District.
- Environmental groups and Alaska Native organizations, citing threats to caribou, salmon habitat and subsistence, vowed legal action after the reversal of the Biden administration’s 2024 halt.
- Trilogy Metals’ shares surged more than 200% after the announcement, as officials argued the road would help secure domestic supplies of copper, cobalt and other strategic minerals and lessen reliance on China.