South32 exercised its option to acquire a 50% interest in December 2019.
Trilogy contributed all its UKMP assets—some 172,675 hectares—to the JV while South32 contributed US$145 million.
Trilogy Metals and South32 have formed a 50/50 joint venture called Ambler Metals for the future development of the Upper Kobuk Mineral Projects (UKMP) in Alaska, USA.
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