# U.S. Department of War invests $35.6M in Trilogy Metals for Alaska project

Trilogy Metals executed definitive agreements for a $35.6 million strategic equity investment by the U.S. Department of War to advance the Upper Kobuk Mineral Projects in northwestern Alaska. The transaction is expected to close in September 2026.

- Type: Investment
- Announced: 2026-08-28
- Where: northwestern Alaska, United States
- Value: $35.6M
- Status: announced
- Products: mineral exploration and development
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Trilogy Metals Inc.](https://endata.com/companies/94093.md)
- [South32](https://endata.com/companies/33959.md) (partner)
- [U.S. Department of War](https://endata.com/companies/80958.md) (investor)

## Sources

- [streetinsider.com](https://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Execution+of+Definitive+Agreements+for+Strategic+Equity+Investment+by+the+U.S.+Department+of+War/26998784.html), 2026-08-28: "The execution of the definitive documentation reflects the terms of the transaction previously announced by the Company and marks the final major step ahead of closing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.