Reuters

WASHINGTON - U.S. President Donald Trump on Monday said he had signed an executive order directing his administration to permit an access road to the Ambler mining district in Alaska to unlock domestic supplies of copper and other minerals.

The White House also announced a $35.6 million investment in Canada's Trilogy Metals TMQ.TO, one of the region's possible developers. The investment makes the U.S. government a 10% shareholder in the company and includes warrants to purchase an additional 7.5% stake.

U.S.-listed shares of Trilogy more than doubled in after-hours trade to $4.72.

“This partnership represents a strong vote of confidence in the Ambler Mining District and is a major step forward for domestic mineral development that’s fundamental to America’s security and econo

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