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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/Press+Releases/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
   <description>
&lt;div class=&quot;xn-content&quot;&gt;
&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;div class=&quot;xn-content&quot;&gt;
&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <pubDate>Thu, 16 Jul 2026 06:30:00 -0400</pubDate>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
   <description>
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&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <pubDate>Thu, 16 Jul 2026 06:30:00 -0400</pubDate>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
   <description>
&lt;div class=&quot;xn-content&quot;&gt;
&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
   <guid isPermaLink="true">http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</guid>
   <pubDate>Thu, 16 Jul 2026 06:30:00 -0400</pubDate>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
   <description>
&lt;div class=&quot;xn-content&quot;&gt;
&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
   <guid isPermaLink="true">http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</guid>
   <pubDate>Thu, 16 Jul 2026 06:30:00 -0400</pubDate>
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  <item>
   <title>Trilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028</title>
   <link>http://www.streetinsider.com/PRNewswire/Trilogy+Metals+Announces+Publication+of+Federal+and+State+Permitting+Schedule+for+Arctic+Project%2C+Establishing+Defined+Timeline+Toward+a+Record+of+Decision+by+September+2028/26776192.html</link>
   <description>
&lt;div class=&quot;xn-content&quot;&gt;
&lt;p&gt;&lt;span class=&quot;legendSpanClass&quot;&gt;&lt;location value=&quot;LU/ca.bc.vancvr&quot; idsrc=&quot;xmltag.org&quot; &gt;VANCOUVER, BC&lt;/location&gt;&lt;/span&gt;, &lt;span class=&quot;legendSpanClass&quot;&gt;&lt;chron&gt;July 16, 2026&lt;/chron&gt;&lt;/span&gt; /PRNewswire/ -- &lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals Inc.&lt;/span&gt; (NYSE American: TMQ) (TSX: TMQ) (&quot;&lt;b&gt;&lt;span value=&quot;AMEX:TMQ&quot; idsrc=&quot;xmltag.org&quot; &gt;Trilogy Metals&lt;/span&gt;&lt;/b&gt;&quot;, &quot;&lt;b&gt;Trilogy&lt;/b&gt;&quot; or the &quot;&lt;b&gt;Company&lt;/b&gt;&quot;) announced today that a coordinated federal and state permitting schedule for its flagship &lt;span&gt;Arctic Project&lt;/span&gt; in northwestern &lt;location value=&quot;LS/us.ak&quot; idsrc=&quot;xmltag.org&quot; &gt;Alaska's&lt;/location&gt; &lt;location&gt;Ambler Mining District&lt;/location&gt; has been published on the &lt;span&gt;Federal Permitting Improvement Steering Council's&lt;/span&gt; (the &lt;b&gt;&quot;&lt;span&gt;Permitting Council&lt;/span&gt;&quot;&lt;/b&gt;) Permitting Dashboard at &lt;a target=&quot;_blank&quot; href=&quot;http://permits.performance.gov&quot;&gt;permits.performance.gov&lt;/a&gt;. The high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project is being advanced by &lt;span&gt;Ambler Metals LLC&lt;/span&gt; (&lt;b&gt;&quot;Ambler Metals&quot;&lt;/b&gt;), Trilogy's 50/50 joint venture with &lt;span value=&quot;Australia:S32&quot; idsrc=&quot;xmltag.org&quot; &gt;South32 Limited&lt;/span&gt; (ASX, LSE,</description>
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   <pubDate>Thu, 16 Jul 2026 06:30:00 -0400</pubDate>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Alcoa+agrees+to+buy+South32+assets+for+%244.1+billion/26715018.html</link>
   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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   <pubDate>Tue, 30 Jun 2026 17:35:19 -0400</pubDate>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Alcoa+agrees+to+buy+South32+assets+for+%244.1+billion/26715018.html</link>
   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Alcoa+agrees+to+buy+South32+assets+for+%244.1+billion/26715018.html</link>
   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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  <item>
   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Alcoa+agrees+to+buy+South32+assets+for+%244.1+billion/26715018.html</link>
   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
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&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
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   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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   <title>Alcoa agrees to buy South32 assets for $4.1 billion</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Alcoa+agrees+to+buy+South32+assets+for+%244.1+billion/26715018.html</link>
   <description>

&lt;p&gt;Alcoa Corporation (NYSE: AA, ASX: AAI) has entered into a definitive agreement to acquire South32 Limited's (ASX: S32, LSE: S32.L, JSE: S32) bauxite, alumina, and aluminum operations in a cash and stock transaction valued at approximately $4.1 billion upfront, according to a company statement.&lt;/p&gt;

&lt;p&gt;The deal includes $3.1 billion in cash and approximately 17.0 million newly issued Alcoa shares, representing roughly 6% of Alcoa's outstanding shares post-issuance. The implied enterprise value reaches approximately $4.7 billion when including net debt. Alcoa has also agreed to a contingent value right of up to $750 million tied to alumina and aluminum prices over four</description>
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