Business
Trilogy Metals Welcomes Announcement on US Domestic Focus on Critical Metals and Provides Update on the Ambler Access Project
Trilogy Metals Welcomes Announcement on US Domestic Focus on Critical Metals and Provides...
About this update from Trilogy Metals Inc.
[{"type":"text","content":"\n \n \n \n Trilogy Metals Welcomes Announcement on US Domestic Focus on Critical Metals and Provides Update on the Ambler Access Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2022\n \n \n /CNW/ -\n \n Trilogy Metals Inc.\n \n (TSX: TMQ) (NYSE American: TMQ) (\"Trilogy\" or the \"Company\") welcomes the recent announcement by President Biden invoking the Defense Production Act (\"DPA\"). The DPA is an aggressive measure to increase the US domestic production of metals including cobalt\n \n ,\n \n nickel, lithium, manganese, and graphite. The DPA is a Cold War-era statute that gives the President access to funding and other enhanced powers to shore up the American industrial base and ensure the private sector has the necessary resources to defend national security and face emergencies.\n \n \n \n Tony Giardini\n \n , President and CEO of Trilogy, commented, \"With the statement by President Biden specifically highlighting that\n \n the United States\n \n needs to end its long-term reliance on adversarial countries for metals that are critical to a green economy, we want to reiterate that the Upper Kobuk Mineral Projects (\"UKMP\") hosts Indicated Resources of 3.4 billion pounds of copper and 3.4 billion pounds of zinc, and Inferred Resources of 5.4 billion pounds of copper and 88 million pounds of cobalt\n \n 1\n \n . We believe that the resources at the UKMP will become a critical source of green metals for the US economy, as well as a significant economic contributor within the Northwest Arctic Borough, its Native communities, and the Alaskan economy.\"\n \n \n Dickie Moto, Northwest Arctic Borough Mayor, stated, \"Resource development when carried out in a way that respects our subsistence lifestyle, our culture, and the wellbeing of the land, has the potential to create progressive economic and employment outcomes for the people of our communities within the Northwest Arctic Borough. I believe that the Ambler Access Project would have a positive, meaningful effect o...