Key facts
- Trilogy Metals' $35.6 million strategic equity investment from the U.S. Department of War has a new closing deadline of July 31, 2026.
- The investment was approved under Title III of the Defense Production Act.
- The U.S. Government has completed its Foreign Ownership, Control or Influence (FOCI) risk assessment.
- The investment provides Trilogy Metals with additional time to finalize definitive agreements.
- The Arctic Project in Alaska, a critical mineral asset, is central to the investment.
The U.S. government is increasingly using strategic investments, particularly through the Defense Production Act, to secure domestic supply chains for critical minerals like copper. This investment in Trilogy Metals, which holds significant copper deposits in Alaska, highlights Washington's focus on ensuring access to resources deemed vital for national security and technological advancement, especially in light of geopolitical tensions and the energy transition.