Washington — The federal government will acquire a 10% stake in a Canadian-based company that has mining claims in remote northwestern Alaska, Interior Secretary Doug Burgum and the White House announced Monday.

The $35.6 million investment in Trilogy Metals, Inc., will support mining exploration in Alaska's Ambler Mining District, the White House says . The federal government's agreement with the company includes warrants to purchase an additional 7.5% of the company.

Burgum announced that the Pentagon is investing in Trilogy Metals, Inc., which he says will help secure critical mineral supplies. Trilogy Metals, a company that had five full-time employees as of November 2024, describes itself as a metals exploration and development company that holds a 50% interest in Alaska-based Am

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