Trilogy Metals' Arctic Project Gains FAST-41 Designation, Streamlining Federal Permitting

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) announced that its flagship Arctic Project in Alaska, being advanced through its 50/50 Ambler Metals joint venture with South32, has been accepted as a FAST-41 Covered Project on the Federal Permitting Dashboard. This designation is intended to streamline and coordinate federal environmental review and permitting timelines for major infrastructure and critical mineral projects.

The milestone follows Ambler Metals’ recent Clean Water Act permit application filing and positions the Arctic Project as a priority domestic critical minerals development initiative. It provides a defined federal permitting framework as the project advances toward the National Environmental Policy Act review process. The FAST-41 designation is significant because it sets a predictable timeline for federal agencies to complete environmental reviews, potentially reducing years of uncertainty for the project.

The Arctic Project is part of the Upper Kobuk Mineral Projects in northwestern Alaska, located within the Ambler Mining District, which is considered one of the richest and most prospective copper-dominant districts globally. The district hosts polymetallic volcanogenic massive sulfide (VMS) deposits containing copper, zinc, lead, gold, and silver, as well as carbonate replacement deposits with high-grade copper and cobalt mineralization.

Trilogy Metals holds a 50 percent interest in Ambler Metals LLC, which owns 100 percent of the Upper Kobuk Mineral Projects. South32, a globally diversified mining and metals company, exercised its option in December 2019 to form the joint venture. Exploration has focused on two deposits: the Arctic VMS deposit and the Bornite carbonate replacement deposit, both within a land package spanning approximately 190,929 hectares.

Ambler Metals has an agreement with NANA Regional Corporation, an Alaska Native Corporation, providing a framework for exploration and potential development in cooperation with local communities. Trilogy Metals’ vision is to develop the Ambler Mining District into a premier North American copper producer while protecting subsistence livelihoods.

For more details, the full press release is available at https://ibn.fm/TVbxo. Additional information about Trilogy Metals can be found in its newsroom at https://ibn.fm/TMQ.

The FAST-41 designation underscores the U.S. government's focus on securing domestic supply chains for critical minerals, which are essential for technologies like electric vehicles and renewable energy systems. By expediting the permitting process, the Arctic Project could play a key role in reducing reliance on foreign sources of copper and other metals.