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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.
The Ambler Metals camp in Alaska, USA
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.
Road permitting resolution could be near
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