Trilogy Metals Inc. announced the expansion of its advisory and leadership teams following its October 6, 2025, announcement of a US federal government investment to advance exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska. These projects are held by Ambler Metals, the company's 50/50 joint venture with South32 Limited. With permitting and project activity expected to accelerate at Ambler Metals, Trilogy is strengthening oversight of the joint venture as South32 increases its personnel commitment, while Ambler Metals recruits key management roles to support execution of its 2026 program.
Trilogy also announced the appointment of Egizio Bianchini as strategic advisor and additional management appointments, positioning the company to advance corporate development initiatives and progress toward closing the US government investment in the Upper Kobuk Mineral Projects. The UKMP is located within the Ambler Mining District, which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide deposits that contain copper, zinc, lead, gold, and silver, and carbonate replacement deposits, which have been found to host high-grade copper and cobalt mineralization.
Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
The company holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. This expansion of leadership comes at a critical time as the company prepares to capitalize on federal investment and advance what could become a significant source of critical minerals for the United States. The full press release can be viewed at https://ibn.fm/3EzoN, and additional information about forward-looking statements and risk factors is available in the company's SEC filings at http://IBN.fm/Disclaimer.
