US Government to Take 10 Percent Stake in Canadian Mining Company Trilogy Metals

The Gates of the Arctic National Park and Preserve, where the Ambler Road project would pass through, is visible from Ambler, Alaska, on Sept. 28, 2025. The Associated Press/Annika Hammerschlag

Vancouver-based Trilogy Metals Inc. says the U.S. government will take a 10-percent stake in the mineral exploration company, which has mining interests in Alaska that Washington wants to see developed.

The U.S. government is spending US$35.6 million on the stake, and has options to increase it further in the future. The transaction remains subject to regulatory and other approvals.