• The White House’s recent proclamation targets copper imports with tariffs to bolster domestic production and national security
• Interior Department proposes adding copper to the U.S. critical minerals list, potentially unlocking federal funding and streamlined permitting for domestic projects
• Trilogy Metals’ Upper Kobuk Mineral Projects in Alaska contain high-grade copper, cobalt, zinc, and other defense-critical metals

The convergence of market demand, national security priorities, and federal policy is reshaping the U.S. copper landscape. Copper, essential for defense systems, infrastructure, and emerging technologies, has become a focal point of strategic concern. The combination of executive action and critical minerals policy highlights the urgent need to secure domestic sources, a development that positions Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) at the center of both economic and national security considerations.

Federal Action Elevates Domestic Copper

In late July 2025, the White House issued a proclamation under Section 232 of the Trade Expansion Act, imposing tariffs of up to 50% on semi-finished and derivative copper products imported into the United States. The administration cited risks to national security from overreliance on foreign…

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NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at ibn.fm/TMQ

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