{"id":50288,"date":"2025-10-06T22:42:45","date_gmt":"2025-10-06T22:42:45","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/federal-government-to-take-ownership-stake-in-trilogy-metals-which-has-alaskan-mining-claims\/"},"modified":"2025-10-06T22:42:45","modified_gmt":"2025-10-06T22:42:45","slug":"federal-government-to-take-ownership-stake-in-trilogy-metals-which-has-alaskan-mining-claims","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/federal-government-to-take-ownership-stake-in-trilogy-metals-which-has-alaskan-mining-claims\/","title":{"rendered":"Federal government to take ownership stake in Trilogy Metals, which has Alaskan mining claims"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p><em>Washington<\/em> \u2014 The federal government will acquire a 10% stake in a Canadian-based company that has mining claims in remote northwestern Alaska, Interior Secretary Doug Burgum and the White House announced Monday.\u00a0<\/p>\n<p>The $35.6 million investment in Trilogy Metals, Inc., will support mining exploration in Alaska&#8217;s Ambler Mining District, the <a href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/10\/fact-sheet-president-donald-j-trump-approves-ambler-road-project-to-unlock-alaskas-mineral-potential\/\" target=\"_blank\" rel=\"nofollow noopener\">White House says<\/a>. The federal government&#8217;s agreement with the company includes warrants to purchase an additional 7.5% of the company.\u00a0<\/p>\n<p>Burgum announced that the Pentagon is investing in Trilogy Metals, Inc., which he says will help secure critical mineral supplies. Trilogy Metals, a company that had five full-time employees as of November 2024, describes itself as a metals exploration and development company that holds a 50% interest in Alaska-based Ambler Metals LLC. Ambler has a 100% interest in the Upper Kobuk Mineral Projects in northwestern Alaska.\u00a0<\/p>\n<p>On Monday, President Trump signed an executive order to boost the use of Alaska&#8217;s resources and build a 200-mile road in the country&#8217;s largest geographical state.\u00a0<\/p>\n<p>Burgum told reporters at the signing that &#8220;the Department War, the United States government, is making an investment&#8221; in Trilogy Metals. He added, &#8220;They&#8217;re one of the companies that has mining claims in this area that is remote wilderness right now. And again, making that investment so we can make sure that we&#8217;re securing these critical mineral supplies.&#8221; He said the U.S. ownership stake would benefit Americans.\u00a0<\/p>\n<p>Trilogy did not immediately respond to a request for comment.\u00a0<\/p>\n<p>In the three-month period ending Aug. 31, Trilogy reported a net loss of $1.7 million compared to a net loss of $1.6 million for the same three-month period ending Aug. 31, 2024, the company said on its <a href=\"https:\/\/trilogymetals.com\" target=\"_blank\" rel=\"nofollow noopener\">website<\/a>.\u00a0<\/p>\n<p>Last week, Energy Secretary Chris Wright announced the U.S. would take an equity stake in another Canadian company, Lithium Americas, which he said would secure &#8220;our nation&#8217;s access to the largest confirmed lithium deposit in North America.&#8221; The Trump administration also took a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-intel-stake-consertatives-economists-response\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">10% stake<\/a><\/span> in chip manufacturer Intel earlier this year.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/kathryn-watson\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Kathryn  Watson<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Kathryn Watson is a politics reporter for CBS News Digital, based in Washington, D.C.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/us-ownership-stake-trilogy-metals-alaska\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington \u2014 The federal government will acquire a 10% stake in a Canadian-based company that has mining claims in remote<\/p>\n","protected":false},"author":1,"featured_media":50289,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-50288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Federal government to take ownership stake in Trilogy Metals, which has Alaskan mining claims - World News<\/title>\n<meta name=\"description\" content=\"Interior Secretary Doug Burgum said the &amp;quot;ownership in that company will benefit the American people.&amp;quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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