North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

AIDEA, Ambler strengthen road partnership

Each commit $35 million to Ambler Road predevelopment costs North of 60 Mining News – February 12, 2021

 

Last updated 2/18/2021 at 5:44pm

Ambler Metals AIDEA Alaska UKMP South3d Trilogy Metals Access Road Project

R. Walker

The Upper Kobuk Mineral Projects at the western terminus of the proposed Ambler Access Project hosts 9 billion pounds of copper, 3.6 billion lb of zinc, 628 million lb of lead, 58 million ounces of silver, 770,000 oz of gold, and 77 million lb of cobalt.

Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska.

"This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska...



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