Federal Permits Restored for Ambler Access Project

Trilogy Metals ($TMQ) rallied 13.3% after announcing that the State of Alaska executed new right-of-way permits for its Ambler Access Project, in coordination with the U.S. Army Corps of Engineers, the National Park Service, and the Bureau of Land Management.

The move re-establishes key federal authorizations needed to advance the long-delayed road project that connects to Alaska’s Ambler Mining District, one of North America’s richest undeveloped copper and zinc regions.

Regulatory Breakthrough After Presidential Directive

The reinstatement follows a Presidential decision under Section 1106 of the Alaska National Interest Lands Conservation Act (ANILCA) earlier this month.
That directive ordered federal agencies to reissue the 2020 authorizations that were previously suspended, giving the project new legal certainty.

What the Decision Means for Development

With the 50-year right-of-way restored, the Alaska Industrial Development and Export Authority (AIDEA) can now:

Resume road design and engineering updates
Adjust budget and construction programs for 2026
Move forward on environmental and community planning efforts

The development represents a major step forward for Alaska’s ambitions to build out critical-minerals infrastructure and support the U.S. domestic supply chain.

Market Reaction

Investors welcomed the news, sending TMQ shares up 13.3% in Friday’s session, as optimism grows that the Ambler project can finally progress after years of regulatory delays.