The Trump administration invested in the mining company Trilogy Metals, with a single-day pump of over 200%! It overturns Biden's energy policy and approves the Ambler Road project.

The White House announced on Monday that President Trump has approved the appeal of the Alaska Industrial Development and Export Authority (AIDEA), directing federal agencies to reissue permits related to the construction of the Ambler Road Project, opening access to the remote Ambler Mining District in Alaska. This move is seen as an important part of the Trump administration's Energy Dominance strategy, aimed at developing critical mineral resources within the United States and reducing foreign dependence.

Ambler Road Project: A Key Corridor Linking Alaska's Resource Lifeline

The Ambler Road is an industrial road that stretches 211 miles ( about 340 kilometers ) from the Dalton Highway ( to the Ambler mining district in inland Alaska, providing land access to over 1,700 areas with mining rights. This area is regarded as one of the largest undeveloped copper-zinc mining belts in the world, rich in strategic metals such as copper, cobalt, germanium, gallium, silver, and gold.

The project has been obstructed for many years due to lawsuits from environmental groups and the Biden administration's veto. Now, the Trump administration has overturned the Biden administration's veto from 2024, determining that the project "serves the public interest" and instructing the Bureau of Land Management (BLM), the National Park Service (NPS), and the U.S. Army Corps of Engineers (USACE) to reissue construction permits.

According to the plan, the highway construction will directly create 2,730 job opportunities, bringing labor income and consumption growth to the local area; the state government of Alaska estimates that after the plan is launched, it will bring in more than 1.1 billion USD in mineral taxes, corporate income taxes, and royalty revenues for the state.

The U.S. government invests in Trilogy Metals with 35.6 million dollars to support exploration.

In addition to approving the highway project, the U.S. government also announced a strategic partnership with Canadian mining company Trilogy Metals, investing $35.6 million to support exploration activities in the Ambler mining district. This investment gives the U.S. government a 10% stake in Trilogy Metals and an additional 7.5% in warrants.

After the announcement, Trilogy Metals' stock price surged over 200% in U.S. markets. The company subsequently released a statement welcoming the Trump administration's decision to restart the Ambler Road project, stating that this move "demonstrates the federal government's renewed commitment to responsible resource development and highlights the critical infrastructure status of Ambler Road in national policy."

Trump overturns Biden's ban, extending key energy policy dominance.

The Trump administration emphasized that the Ambler project has strategic significance for the national defense security and economic prosperity of the United States. The Biden administration's ban has been criticized for "ignoring the economic needs and urgency of national security in Alaska." After returning to the White House, Trump signed an executive order in March of this year to accelerate the production of critical minerals in the United States; in April, he initiated a "Section 232" investigation to assess national security risks related to the U.S. reliance on refined minerals; in June, he signed a memorandum to promote interdepartmental coordination and efficiency in funding for energy and mineral projects.

This article discusses the Trump administration's investment in the mining company Trilogy Metals, which surged over 200% in a single day! It overturns Biden's energy policy and approves the Ambler Road project. It first appeared on Chain News ABMedia.