Trump Takes Trilogy Stake to Clear 211-Mile Arctic Road Permit

The Trump Deal That Could Reshape Alaska — Bloomberg Originals

Bloomberg Originals

The administration's unprecedented equity deal sparked a Wall Street stock surge while dividing local tribes over environmental risks and remote mining profits.

AI-assisted summary of The Trump Deal That Could Reshape Alaska — original source. Check the original for full context.

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Detailed notes

## Background Published on August 3, 2026, by Bloomberg Originals on YouTube, this video explores the controversial 211-mile Ambler Road project in Alaska. The page description outlines how a Trump administration mining deal has pitted Wall Street speculation against local residents concerned about environmental damage, noting that the federal government granted a road permit in exchange for an unprecedented equity stake in a private mining company.

## TL;DR The documentary follows a Bloomberg production crew into the remote Ambler Mining District above the Arctic Circle to investigate the federal deal granting Trilogy Metals $35.6 million and a road permit in exchange for a 10% equity stake. While federal officials frame the project as a critical move to secure copper and zinc supply chains against China, Wall Street speculators have already walked away with millions following a massive stock surge. Meanwhile, local Alaska Native communities face deep internal fractures and long-term environmental risks, questioning the economic logic of shipping raw minerals across the Pacific only to buy back finished goods.

## Atmosphere & style The video carries a stark, investigative tone that balances the raw, silent vastness of the freezing Arctic wilderness with the high-stakes tension of corporate and political maneuvering. It opens with an adventurous, slightly apprehensive mood as the crew flies in a vintage bush plane into a zero-service zone, shifting into a heavy, somber emotional arc as local residents share their heartache and fear over losing their pristine homeland. The host's objective narrative style is punctuated by raw, polarizing interviews that expose a painful communal rift, making the viewer feel the jarring disconnect between billionaire Wall Street speculation and the grounded reality of indigenous subsistence living.

## Key takeaways - [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) The Trump administration approved federal permits for a 211-mile industrial road through undisturbed Alaskan wilderness to access critical mineral deposits in the Ambler Mining District. - [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) In an unprecedented move, the federal government pledged $35.6 million to Trilogy Metals in exchange for a 10% equity stake in the company. - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) Local Native residents, such as Eva Cleveland of Kobuk Village, express deep fear over the industrial corridor destroying pristine, untouched homeland. - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) Federal officials and developers justify the project as a national security priority to secure copper and zinc supply chains and compete with China. - [03:52](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=232s) Following the federal equity deal announcement, Trilogy Metals' stock skyrocketed from ~$2 to over $11, generating massive speculative gains for Wall Street traders. - [03:52](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=232s) Critics and indigenous leaders question the 'America First' economic logic of trucking, railing, and shipping raw Alaskan minerals to Asian smelters across the Pacific. - [06:05](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=365s) State agency AIDEA has faced criticism for using public funds on speculative projects that lose money while attempting to bypass sovereign tribal governments in favor of corporate entities. - [06:05](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=365s) The Ambler Road project has created deep divisions within Alaska Native communities between those resisting land destruction and leaders advocating collaboration to secure jobs. - [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) While proponents promise long-term local jobs and technical training pipelines requiring 8 to 12 years, local residents remain skeptical that financial gains will reach their villages.

## Detailed walkthrough ### [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) Flying into the Remote Arctic Wilderness

A Bloomberg production crew flies in a 1953 De Havilland Beaver bush plane named "Pumpkin" into the remote Alaskan wilderness, a few dozen miles above the Arctic Circle. Host Holly and her team travel to an area with no roads, highways, or cell service to investigate the controversial Ambler Road project. Holly lightheartedly jokes with her crew about how naming the classic aircraft "Pumpkin" brings a strange sense of comfort, making them feel like they are riding in a warm autumn squash rather than a seventy-year-old plane. Upon landing, they step out into six-degree weather, noting that it feels surprisingly "balmy" compared to Fairbanks.

This vast expanse is the Ambler Mining District, a region that has drawn increasing scrutiny and interest from Washington over the last decade. The proposed project involves constructing a 211-mile industrial access road through undisturbed wilderness to reach rich mineral deposits. Critics from the outset warn that the infrastructure will become an "absolute money pit" for the state of Alaska while lining the pockets of private builders, investors, and political insiders. Under a proposed deal, the Trump administration pledged $35.6 million to Trilogy Metals for exploration in exchange for a 10% equity stake in the company—a unprecedented move that redefines how the federal government interacts with private mining corporations.

- **Aircraft:** 1953 De Havilland Beaver ("Pumpkin"). - **Location:** Ambler Mining District, dozens of miles above the Arctic Circle in Alaska. - **Key Project Details:** Proposed 211-mile industrial gravel access road through pristine wilderness. - **Federal Deal Structure:** $35.6 million federal investment into Trilogy Metals in exchange for a 10% equity stake.

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[02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) Local Resistance in Kobuk Village and National Security Arguments

Arriving in Kobuk Village—located just a handful of miles from the proposed road's path—the Bloomberg team meets with resident Eva Cleveland to gauge local sentiment. Standout voices among local Alaska Native residents express deep fear and heartache over what the industrial corridor will do to their pristine surroundings. Cleveland describes her homeland as "one of the last pieces of the world that's prime," emphasizing that its value lies in being untouched and priceless rather than exploited for commercial gain.

In contrast, industrial developers and federal officials view the region as a "literal gold mine" holding vast deposits of copper and zinc—critical minerals vital to modern technology and green infrastructure. The Trump administration framed the project as an essential move to secure critical supply chains and compete directly with China. While the Biden administration repeatedly blocked permitting for the road over environmental concerns, the Trump administration cleared the path for approval, but added a significant condition: demanding "a piece of the action" in exchange for federal backing and permits.

> "I am scared. I'm scared for that road to come because this is one of the last, last pieces of the world. Well, my world anyway, that's prime. You can't just drive in here. It's untouched. It's priceless." — Eva Cleveland, Kobuk Village resident

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[03:52](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=232s) Wall Street Speculation vs. Indigenous Opposition

Following the federal permit approval and public announcement that the U.S. government would acquire a 10% equity stake in Trilogy Metals (led by President and CEO Tony Giardini), stock prices skyrocketed. Shares surged overnight from around $2 to over $11, allowing early investors and Wall Street traders to net millions of dollars in speculative gains before a single ounce of ore was ever extracted from the ground. Meanwhile, indigenous leaders argue that their lands are being sacrificed for short-term financial speculation while the long-term environmental costs are saddled onto local communities.

Evansville Tribal Council Chiefs Frank Thompson and Thomas Shanahan voice strong opposition to the road, pointing out intense corporate and political pressuring directed at local Native tribes. Furthermore, they question the economic logic of the entire supply chain. In 2023, Trilogy Metals stated plans to ship mineral concentrate to Asian ports. Critics question how transporting raw materials 211 miles down a new gravel road to the Dalton Highway, trucking them another 230 miles to Fairbanks, railing them to Point MacKenzie, and finally shipping them across the Pacific to China—only to buy back the finished products—makes economic or practical sense under an "America First" banner.

- **Stock Surge:** Trilogy Metals' stock jumped from ~$2/share to over $11/share following the deal. - **Transportation Route Logistics:** - 211 miles on the proposed Ambler Road. - 230 miles down the Dalton Highway to Fairbanks. - Freight rail transport down to Point MacKenzie for export to Asian smelters. - **Opposition Stance:** Chiefs Frank Thompson and Thomas Shanahan allege strong-arming tactics used by developers to pressure local tribal councils into signing support agreements.

---

[06:05](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=365s) Tribal Divisions and the Role of AIDEA

The primary promoter of the project within the state is the Alaska Industrial Development and Export Authority (AIDEA). Although AIDEA has managed over $1.4 billion in economic development funding over four decades, an analysis by the conservation group SalmonState reveals that the agency's state-backed speculative projects have cost Alaskan taxpayers millions in net losses. Critics argue that AIDEA actively works to bypass sovereign tribal governments by dealing directly with regional and village Alaska Native corporations, effectively transferring decision-making power from local tribes to commercial corporate entities.

This strategy has created deep friction within indigenous communities. Rico DeWilde, a hunter and local advocate from the region, estimates that roughly 80% of local Native residents oppose the road due to concerns over subsistence living and land destruction. He points to high-profile reversals, such as Allakaket Chief P.J. Simon, who originally opposed the road but later reversed his position. Chief Simon concluded that since industrial development in the region is inevitable, tribes must collaborate with developers to secure jobs, economic shares, and retirement opportunities for future generations. However, this shift sparked accusations of selling out, highlighting the painful rift—described by Simon as "Native on Native hate"—that the project has driven between local community members.

> "Money buys people. And you never know who's going to flip... Native on native hate. It's alive and well. We only destroy ourselves if we don't work with industry. You talk about the coming waves. Well, this is the coming wave."

---

[08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) Promises of Local Jobs vs. Wall Street Realities

Visiting a school in the village of Ambler, the Bloomberg crew is announced to the town over the local VHF radio by Ms. Matthews, inviting residents to come speak about the road. Proponents argue that the Ambler Road will generate long-term job training, suggesting that local youth could enter career pipelines in mining, engineering, and environmental management—a transition that could take anywhere from 8 to 12 years of advance planning and education.

However, local business owners and residents remain deeply skeptical. A local lodge owner points out that the recent stock surge primarily benefited outside investors and Wall Street traders who made quick fortunes off the news, while local villagers saw no direct benefit. As stock prices fluctuated back down, community members were left questioning whether the promises of local prosperity were simply a cover for wealthy investors seeking short-term stock plays, leaving the long-term environmental risks buried in the tundra for the locals to bear.

- **Educational Timeline:** Proponents estimate an 8 to 12-year horizon to educate and train local residents for specialized, skilled roles in the mining district. - **VHF Radio Broadcast:** Local communication in remote villages still relies heavily on open radio channels for community announcements. - **Local Sentiment:** Skepticism lingers over whether the mineral deposits buried under the tundra justify the environmental risk and financial cost to Alaskan taxpayers.

## Notable quotes > [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) I am scared. I'm scared for that road to come because this is one of the last, last pieces of the world. Well, my world anyway, that's prime. You can't just drive in here. It's untouched. It's priceless. — Eva Cleveland

> [06:05](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=365s) Money buys people. And you never know who's going to flip... Native on native hate. It's alive and well. We only destroy ourselves if we don't work with industry. You talk about the coming waves. Well, this is the coming wave. — Chief P.J. Simon

## Mentioned Ambler Mining District, Ambler Road, Alaska Industrial Development and Export Authority (AIDEA), Bloomberg Originals, De Havilland Beaver, Trilogy Metals, Donald Trump, Joe Biden, Holly, Eva Cleveland, Tony Giardini, Frank Thompson, Thomas Shanahan, Rico DeWilde, P.J. Simon, Ms. Matthews, SalmonState, Evansville Tribal Council, Kobuk Village, Ambler Village, Dalton Highway, Fairbanks, Point MacKenzie, China, Wall Street

[Source](https://www.youtube.com/watch?v=7OkGrpbV2BE)

中文简报

特朗普入股Trilogy以放行211英里北极公路许可 美政府前所未有的股权交易引发了华尔街股价飙升,同时也因环境风险与偏远采矿利润在当地部落间引发分歧。 该纪录片跟随彭博制作团队深入北极圈以北偏远的Ambler采矿区,调查联邦政府向Trilogy Metals提供3560万美元及公路许可换取10%股权的交易。尽管联邦官员将该项目描述为保障铜锌供应链以抗衡中国的关键举措,但华尔街投机客已在股价暴涨后获利数百万美元离场。与此同时,阿拉斯加当地原住民社区面临严重的内部裂痕与长期环境风险,并对将矿产原料运过太平洋最终却买回成品的经济逻辑提出质疑。 特朗普政府批准在阿拉斯加原生态荒野修建一条长达211英里的工业道路以开发安布勒矿区(Ambler Mining District),并罕见地承诺向Trilogy Metals投资3560万美元换取其10%的股权。 (0:09) 联邦官员将开采铜、锌等关键矿产视作抗衡中国的国家安全要务,但科布克村(Kobuk Village)的原住民居民则对工业走廊破坏原始生态家园表达了深切担忧。 (2:28) 股权交易协议公布后Trilogy Metals股价从约2美元飙升至逾11美元,让华尔街投资者大赚投机收益,但原住民领袖质疑将矿石运往亚洲冶炼再买回成品的做法违背了“美国优先”逻辑。 (3:52) 阿拉斯加州机构AIDEA因用公款投资亏损的投机项目而受审视,该道路项目也在当地原住民社区内部引发剧烈割裂,各方在坚决护地与妥协求职之间产生深刻分歧。 (6:05)

Reading summary

The proposed 211-mile Ambler Road project pairs an unprecedented federal equity stake with promises of domestic mineral security, but it faces intense scrutiny over Wall Street speculation, logistical contradictions, and deep divisions across Alaska Native communities. Federal Equity Stakes and Supply Chain Contradictions (0:09) To access copper and zinc deposits in the remote Ambler Mining District, the Trump administration cleared permitting for a 211-mile industrial gravel access road through pristine Arctic wilderness. Setting a new precedent for federal interaction with private mining firms, the administration pledged $35.6 million to Trilogy Metals in exchange for a 10% equity stake, framing the project as a critical measure to secure domestic supply chains and counter China. However, tribal leaders and critics argue that the project's actual logistics undermine this national security rationale. Trilogy Metals stated plans in 2023 to transport raw concentrate down the 211-mile access road, truck it 230 miles along the Dalton Highway to Fairbanks, move it by rail to Point MacKenzie, and ship it across the Pacific to Asian smelters. Opponents question the economic coherence of claiming mineral independence under an 'America First' banner when the raw materials are slated for Asian processing only to be repurchased as finished goods. Speculative Market Gains Versus Local Realities (3:52) Following the announcement of federal permits and the government's equity purchase, Trilogy Metals' stock surged overnight from roughly $2 to more than $11 per share. This market rally generated millions of dollars in speculative profits for outside investors and Wall Street traders before any mining infrastructure or extraction began. In contrast, local residents in nearby communities such as Kobuk Village express deep grief and fear over the disruption of untouched lands that resident Eva Cleveland characterizes as priceless. Local business owners noted that as share prices subsequently fluctuated, outside speculators captured immediate payouts while remote villages were left with the prospect of long-term environmental hazards buried in the tundra. State Financing and Fractured Indigenous Governance (6:05) The project's chief state sponsor, the Alaska Industrial Development and Export Authority (AIDEA), has directed over $1.4 billion in economic development funding across four decades. However, a review by the conservation group SalmonState reported that AIDEA's speculative state-backed ventures have resulted in millions of dollars in net losses for Alaskan taxpayers. Critics also allege that the authority bypasses sovereign tribal governments by negotiating directly with regional and village Alaska Native corporations, shifting authority away from traditional leadership. This dynamic has created painful community friction. Local hunter and advocate Rico DeWilde estimates that about 80% of local Native residents oppose the road due to threats to subsistence living, while Evansville Tribal Council Chiefs Frank Thompson and Thomas Shanahan allege aggressive corporate pressure. Conversely, leaders like Allakaket Chief P.J. Simon reversed their opposition, arguing that industrial development is inevitable and that tribes must partner with developers to secure jobs and retirement funds. This policy reversal has triggered accusations of betrayal, exposing what Simon described as active 'Native on Native hate.' Disputed Timelines for Local Economic Opportunity (8:43) Supporters argue that the Ambler Road will foster regional economic mobility, pointing to potential career pipelines for local youth in mining, engineering, and environmental stewardship. Proponents acknowledge, however, that preparing the local workforce for these specialized roles requires an 8- to 12-year educational and training timeline. Skeptics within the villages view these long-range promises with doubt, questioning whether anticipated educational gains will ever materialize for local families or if the mineral wealth primarily serves as justification for public subsidies and private investment profits. Unresolved questions persist regarding whether the Ambler Road can fulfill its economic promises, given its reliance on overseas processing, documented financial risks tied to state-sponsored development, and profound local opposition from residents seeking to protect their subsistence way of life.

精炼阅读摘要

彭博原创(Bloomberg Originals)调查指出,特朗普政府通过注资3560万美元换取Trilogy Metals公司10%股权的前所未有方式,力推在阿拉斯加修建全长211英里的安布勒工业公路(Ambler Road),旨在获取铜、锌等关键矿产以抗衡中国;然而,该交易在引发华尔街短期资本投机的同时,也在物流合理性、巨额财政风险以及原住民社区的生计与分裂问题上激起强烈争议。 联邦股权介入与矿产开采计划 (0:09) 在北极圈以北数十英里的偏远荒野,拟建的安布勒公路是一条全长211英里的工业碎石通道,旨在穿过未受破坏的自然保护区域,打通通往安布勒矿区(Ambler Mining District)的路径以开采现代科技与绿色基础设施急需的铜和锌矿资源。与拜登政府此前出于环境顾虑多次阻止该项目许可不同,特朗普政府为该公路扫清了审批障碍,并将其定调为确保关键矿产供应链安全、直接与中国竞争的核心举措。在此过程中,联邦政府以提供开采许可和支持为筹码,向矿业勘探企业Trilogy Metals注资3560万美元换取其10%的股权,开创了联邦政府直接持有私人矿业公司股份的先例。不过,批评人士从一开始就警告称,这项穿越荒原的基础设施恐将成为阿拉斯加州纳税人的“无底洞”,其结果主要是肥了私人建筑商、外部投资者与政治内部人士的腰包。 华尔街资本投机与物流悖论 (3:52) 在联邦政府宣布入股10%并批准项目许可后,由首席执行官Tony Giardini领导的Trilogy Metals股价迅速出现暴涨,从每股约2美元飙升至11美元以上。在矿区尚未开采出一盎司矿石之前,早期投资者和华尔街交易员便已斩获数百万美元的投机性收益,但股价随后出现波动回落。部落领袖据此批评称,当地土地沦为了短期金融投机的牺牲品。 与此同时,该矿产开采计划在经济与物流逻辑上遭受了严重质疑。Trilogy Metals于2023年披露的规划显示,开采出的矿石精矿计划运往亚洲港口进行冶炼加工。埃文斯维尔(Evansville)部落委员会酋长Frank Thompson和Thomas Shanahan指出,矿石需要先通过211英里的新建碎石公路运至道尔顿公路(Dalton Highway),经卡车运输230英里至费尔班克斯(Fairbanks),再通过铁路转运至麦肯齐角(Point MacKenzie),最终跨越太平洋海运至亚洲冶炼,随后美国再购回成品。批评者强调,这一复杂的长途外包运输链严重违背了“美国优先”的自给自足逻辑。 州机构介入与原住民部族撕裂 (6:05) 阿拉斯加工业发展与出口局(AIDEA)是安布勒公路在州内的主要推动者,其过去40年间管理了超过14亿美元的经济发展资金。然而,环保组织SalmonState的分析报告指出,该机构此前主导的州政府支持投机性项目给阿拉斯加纳税人带来了数百万美元的净亏损。批评人士指责AIDEA绕开具有主权地位的部落政府,直接与区域及村庄层面的阿拉斯加原住民商业公司进行利益谈判,实质上是将决策权从部落实体转移到了商业法人手中。 这种推进策略在原住民群体内部造成了严重隔阂。当地倡导者Rico DeWilde估计,约80%的原住民居民出于保护传统自给自足生计(subsistence living)和土地生态的考虑反对修路。部落酋长同时指控开发商采取强硬手段逼迫部落委员会签署支持协议。尽管阿拉卡基特(Allakaket)部落酋长P.J. Simon后来撤回了反对立场,认为工业开发不可避免,部落唯有合作才能为后代争取就业和养老保障,但其立场反转招致了出卖族群的指责,引发了被Simon形容为“原住民对原住民的仇恨”的严重社群撕裂。 本地就业承诺与环境代价权衡 (8:43) 项目支持者在安布勒村庄等地宣讲时承诺,公路建设与矿业开发将构建长期的职业培养体系,当地青年有望在采矿、工程及环境管理等专业技能领域获得长期就业岗位,但这一培训与转型期预计需要耗费8至12年的规划与教育周期。 然而,科伯克村(Kobuk Village)居民Eva Cleveland及当地旅馆经营者等本土民众对开发前景保持高度警惕与质疑。Cleveland表示,这片未开发的土地是世上最后的原始净土之一,其价值在于未受破坏的无价状态,而非商业榨取。村民们感到,外部投资者借助政策消息完成了短线资本套现,而留给当地社区的却是无法预估的冻原破坏风险,本地青年也难以在短期内分享红利,这使得项目承诺的繁荣显得遥不可及。 安布勒公路项目折射出美国在获取关键战略矿产与守护极地生态、原住民权益之间的深层政策博弈。随着联邦以股权形式深度捆绑商业开采,该项目最终能否兑现国家供应链安全与地方经济振兴的预期,抑或沦为由阿拉斯加纳税人与本土原住民买单的投机“无底洞”,仍是悬而未决的严峻考验。

Detailed notes — zh

## Background 本视频由 Bloomberg Originals 于 2026 年 8 月 7 日发布在 YouTube 平台。视频简介指出,特朗普政府达成的一项采矿协议与拟建的 211 英里工业公路,让华尔街资本与担忧生态恶化的阿拉斯加居民站到了对立面;联邦政府打破惯例批准穿越北极荒原的公路许可,以换取矿业勘探公司 Trilogy Metals 10% 的股权。 ## TL;DR 视频深入探讨了围绕阿拉斯加安布勒矿区拟建 211 英里碎石公路所引发的尖锐博弈。特朗普政府以 3500 万美元注资与审批通行证换取私营矿企 Trilogy Metals 的股份,促成资本市场暴涨与套现狂欢,但地下实际尚未开采出一盎司矿石。尽管项目被打上“美国优先”与清洁能源战略矿产的标签,其计划将矿石运往中国精炼再买回的荒谬物流链及高昂造价引发巨大质疑。与此同时,当地原住民社群陷入深刻分裂与阵痛——有人誓死保卫世界上仅存的未受破坏的文化净土,也有人面对工业浪潮选择现实妥协以换取就业与生存保障。 ## Atmosphere & style 全片基调冷峻、凝重且富有纪实张力。从老旧丛林飞机的发动机轰鸣与零下极寒的荒原开场,镜头在苍茫寂静的冻土与华盛顿政商交易的喧嚣之间来回切换,营造出脆弱边疆面对庞大国家机器与资本铁蹄时的压迫感。原住民受访者颤抖的控诉、部族内部激烈的倒戈与争执,以及对资本投机狂潮的愤懑,交织出一种深切的现实无奈与文化危机感。 ## Bulletin - [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) 特朗普政府打破惯例注资3560万美元并批准施工许可,换取私营矿企崔罗吉金属(Trilogy Metals)10%的股权,重启穿越阿拉斯加北极荒原的211英里安布勒公路项目。 - [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 尽管被标榜为确保战略金属自主的“美国优先”举措,但矿企规划却需将未加工矿石经卡车、铁路和跨洋海运运往中国冶炼后再购回成品,供应链逻辑饱受质疑。 - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 在尚未开采出一盎司矿石的情况下,Trilogy Metals股价受消息刺激暴涨300%至400%,知情资本借机套现数千万美元,而造价高昂的公路却面临巨额资金缺口与纳税人兜底风险。 - [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 沿线原住民社区面临严重撕裂:约80%居民坚决反对破坏最后生态净土,但部分传统领袖因迫于生计现实选择倒戈妥协,主张通过顺应工业开发为下一代争取教育与养老保障。 ## Key takeaways - [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) 联邦政府通过直接注资3560万美元并授予施工许可换取矿企10%股权,开创了美国政府直接介入北极矿业开发的争议性商业模式。 - [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) 规划长达211英里的安布勒碎石公路穿过完全无陆路连接的极地荒原,支持者视其为战略资源大动脉,反对者则斥之为掏空公共财政的无底洞。 - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 安布勒矿区蕴藏全美规模最大的铜矿与锌矿床,虽然拜登执政期间曾撤销施工许可,但特朗普重新上台后迅速清除了审批障碍。 - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 沿线原住民村落将未开发的北极荒原视作生存、语言与文化留存的最后依托,对公路可能带来的不可逆生态破坏深感忧虑。 - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 公路项目预计造价达数亿至数十亿美元,在尚未形成明确投资回收方案的情况下,极地基建风险主要被转嫁至地方州政府与纳税人身上。 - [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 协议达成后Trilogy Metals股价迅速拉升至11美元以上,外部投机资本大肆套现,资本市场狂欢与当地分文未获的现实形成尖锐反差。 - [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 该项目在经济逻辑上存在明显悖论,开采出的矿砂计划运往亚洲港口尤其是中国进行提炼,美国企业再高价买回,与“供应链本土化”口号背道而驰。 - [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 部落委员会领袖指控项目推进伴随着对沿线原住民社区的政治压迫与暗箱操作,传统部族自治权益受到商业资本的强力挤压。 - [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 阿拉斯加工业开发和出口局(AIDEA)被指在过去数十年吸纳巨资并进行高风险投机,联合原住民商业实体架空传统酋长的话语权。 - [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 原住民内部形成巨大裂痕,尽管约80%的居民持抵制态度,但资本渗透和利益交换使得社区内部的团结受到严重侵蚀。 - [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 阿拉卡克特部落酋长PJ·西蒙由激进反对者转为合作支持者,主张采矿浪潮不可阻挡,原住民必须通过主动谈判换取教育、就业与养老保障。 - [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 矿企承诺的高薪技术岗位面临严峻落地障碍,当地落后的基础教育至少需要8到12年的系统性培养周期,原住民在短期内难以真正受惠。 - [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 安布勒等偏远村庄至今仍依赖古朴的CB无线电进行日常沟通,基础设施严重落后,放大了大型工业开发对边缘社区的冲击。 - [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 地方观察人士指出,安布勒公路在很大程度上已沦为知情者拉高套现的金融游戏,冻土深处的矿藏究竟具备多大的实际商业开采可行性依然存疑。 ## Detailed walkthrough ### [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) 深入北极圈荒原:安布勒矿区的博弈前线 在北极圈以北数十英里的一片极寒荒原上,既没有平整的公路、州际高速,也没有任何手机蜂窝网络覆盖。要进入这片与世隔绝的土地,唯一的交通工具是丛林飞机(Bush Plane)。记者一行乘坐的是一架出厂于 1953 年的德哈维兰“河狸”(De Havilland Beaver)老式飞机,机身被机长亲切地命名为“南瓜号”(Pumpkin)。零下 14 摄氏度(华氏 6 度)的气温在当地甚至被称为“颇为宜人”,甚至比费尔班克斯还要暖和一些。乘坐在机舱中,颠簸的飞行伴随着玩笑:“给飞机起名叫‘南瓜号’其实让人安心不少,毕竟听起来我们不是坐在一架七十岁的老古董上,而是坐在南瓜里。” 这片宁静的背后,正是近年来华盛顿政治圈高度聚焦的焦点——安布勒矿区(Ambler Mining District)。十年来,围绕这一区域的争论愈演愈烈。争论的核心是一条拟建的长达 211 英里的碎石通道“安布勒公路”(Ambler Road),旨在打通通往这片偏远矿产富集带的生命线。批评者将其斥为阿拉斯加州政府的“无底洞黑洞”,直言修建过程中只有少数承包商能够暴富,州政府却没有任何切实方案确保这笔巨额开支能够收回成本;而支持者则将其标榜为关键矿产的战略宝库。 特朗普政府在此项目中打破了美国政府的传统惯例:联邦政府宣布向矿业勘探公司崔罗吉金属(Trilogy Metals)注资 3500 万美元支持勘探,并颁发通行许可,条件是换取该公司 10% 的股权。这一极具争议的交易,将华尔街资本、矿业巨头、原住民部落领袖以及脆弱的北极荒野推向了正面交锋的战场。 - **地理与气候**:位于北极圈以北数十英里,无陆路、无网络,冬季气温仅华氏 6 度(约 -14.4°C)。 - **争议焦点**:一条规划长达 211 英里(约 340 公里)的专用工业碎石公路,穿过未经开发的极地荒野。 - **交易模式**:联邦政府出资 3500 万美元并批准施工许可,换取私营矿企 Trilogy Metals 10% 的股权份额。 --- ### [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 价值连城的净土:211英里公路与前所未有的入股交易 在距离拟建公路仅数英里的科布克村(Kobuk Village),原住民居民伊娃·克利夫兰(Eva Cleveland)在面对采访镜头时难掩内心的惶恐与不安。她声音颤抖地表示,自己对这条公路的到来感到害怕,因为这里是世界上“仅存的净土之一”:“你不可能直接开车进来。这里完全未经人工破坏,是无价之宝。”对当地依赖传统生计的原住民而言,土地不仅是物理空间,更是语言、文化与历史留存的最后依托。 开发商与政府推动该项目的核心理由在于资源安全。安布勒矿区蕴藏着全美储量最大的铜矿与锌矿床,这些金属是清洁能源转型、现代尖端技术不可或缺的基础原材料,也是美国与中国展开全球战略竞争的关键筹码。然而,要将这些埋藏于冻土之下的矿藏运出,矿企坚称必须修筑这条横跨荒原的碎石走廊。在拜登执政期间,该项目因环境评估问题被数次叫停并吊销许可,但在特朗普重新掌权后,项目审批障碍被一举扫清。 白宫高调举行了协议签署仪式,宣称该矿区早该投产创效。崔罗吉金属首席执行官托尼·贾迪尼(Tony Giardini)也向外界大肆推介这一令人振奋的前景。然而,政府并非无偿发放通行证,而是要求“分一杯羹”——联邦出资 3560 万美元直接持股 10%。协议公布后,Trilogy Metals 的股价在二级市场出现非理性暴涨,从每股不足 2 美元瞬间拉升至 11 美元以上。尽管地底下的矿石连一盎司都尚未开采出来,资本市场上的投机者早已套现数千万美元。与此同时,公路本身的造价预计将高达数十亿美元,巨大的资金缺口与纳税人买单的风险引发了地方基层的强烈反对。 ```mermaid flowchart TD accTitle: 安布勒公路与股权置换交易流程 accDescr: 展示美国联邦政府、矿业公司、资本市场及当地利益方之间的互动关系 subgraph GovDeal["联邦政府与矿企交易"] A["联邦政府 / 白宫"] -- "注入3560万美元资金 + 批准公路施工许可" --> B["Trilogy Metals 崔罗吉金属"] B -- "出让 10% 公司股权" --> A end subgraph MarketImpact["华尔街与资本市场"] B --> C["股价短期暴涨 300%-400%<br>(由 $2 冲高至 $11+)"] C --> D["外部投资者与投机资本套现数百万"] end subgraph LocalReality["阿拉斯加当地现实"] E["211英里极地碎石公路<br>(造价高达数亿美元至数十亿)"] F["科布克等原住民村落<br>(生态破坏风险、文化生存危机)"] G["矿区实际开采量:0 盎司"] end B -.-> E E -.-> F B -.-> G ``` --- ### [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 充满疑点的“美国优先”物流链与AIDEA的争议 随着对该项目的调查深入,地方部落领袖揭露了项目推进背后的强硬手段。埃文斯维尔(Evansville)部落委员会酋长弗兰克·汤普森(Frank Thompson)与托马斯·沙纳汉(Thomas Shanahan)直言不讳地指出,背后的推动势力正在对沿线原住民社区施加极其沉重的政治与经济威逼,“暗箱操作和强力施压无处不在,逼迫人们低头妥协”。 不仅如此,该项目在经济与物流逻辑上也漏洞百出。尽管政府高调将其包装为“美国优先”(America First)的关键矿产自主战略,但 Trilogy Metals 早在 2023 年就公开承认,计划将开采出的矿砂直接运往亚洲港口加工。荒诞的物流链条引发了地方民众的强烈质疑: - 重卡需先在 211 英里的极地碎石路上颠簸行驶至道尔顿公路(Dalton Highway); - 接着沿道尔顿公路向南运送 230 英里抵达费尔班克斯; - 在费尔班克斯转装铁路货运,一路南下至麦肯齐角(Point MacKenzie)港口; - 最终装船远渡重洋运往中国提炼,美国企业再花高价从中国买回成品。 面对如此昂贵、漫长且脱离“本土自足”口号的闭环,反对者质问:“把原料运到中国,再从中国买回来,这到底有什么可行性?”开发商给出的唯一答复竟是轻描淡写的“这里的矿石品位极高”。 项目最狂热的推手是阿拉斯加州国有经济开发机构——阿拉斯加工业开发和出口局(AIDEA)。该机构在过去 40 年间累计吸纳了 14 亿美元的发展资金,然而环保倡导组织 SalmonState 的财务分析显示,AIDEA 多年来的高风险投机操作实际上已经让阿拉斯加纳税人损失了数以千万计的公帑。部落代表尖锐地指出,AIDEA 联合盈利性原住民跨国公司(Native Corporations)与华盛顿政界人士,实际上是在步步蚕食传统部落酋长和村民的发言权,用商业实体的意志彻底架空原住民主权。 --- ### [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 部族内部分化:生计现实与“别无选择”的妥协 原住民社区内部在此事件中展现出极度复杂的裂痕。来自胡斯利亚(Huslia)周边的原住民代表里科·德怀尔德(Rico DeWilde)分析称,当地至少有 80% 的原住民坚决反对修建公路。但他同时慨叹:“金钱可以收买人心,你永远不知道谁会突然倒戈。” 这场分化最典型的代表莫过于阿拉卡克特(Allakaket)部落酋长 PJ·西蒙(PJ Simon)。西蒙曾是安布勒公路最激进的反对者之一,但随后却发生了一百八十度的大转弯。他开始频繁出席工业界的宴请与闭门会议,并转而成为公路项目的支持者。尽管西蒙在接受采访时拒绝在摄影机前露面,但他私下阐明了自己的逻辑:采矿业的推进如同不可阻挡的海啸,“这股巨浪已经来了”,与其被动承受毁灭,不如主动与工业界谈判,为下一代换取工作岗位、教育资金和养老保障。 在西蒙看来,原住民并非要与现代工业彻底为敌:“当年特朗普总统说‘尽情钻井吧’(drill, baby, drill),现在也是‘尽情开矿吧’(mine, baby, mine)。我们必须重新回到矿业版图中,我支持特朗普和伯格姆(Doug Burgum)的做法。”面对社区内部指责他“被收买”、“背叛族人”的滔天骂声,西蒙表现得不以为然,直言这种指责是“原住民针对原住民的仇恨(Native on native hate)”,并坚称如果不与工业界合作,原住民最终只会在顽固的抵制中自取灭亡。 --- ### [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 广播呼叫、空头支票与资本游戏的现实 安布勒学校的清晨,马修斯老师(Ms. Matthews)拿起当地最传统的通讯工具——CB无线电台,向整个村庄广播:“早上好,安布勒!彭博新闻社的记者今天来到了我们学校,他们想和大家聊聊安布勒公路。大门敞开,欢迎大家来交流!灰熊队加油!”在没有基站信号的冻土地带,这种古朴的无线电呼叫仍然是整个社区的神经中枢。 公路倡导者不断向村民描绘美好前景,声称采矿将带来大批就业岗位,并在未来催生高薪专业技术人才。但教育界人士指出,要让当地原住民孩子真正从基础教育走向专科、本科乃至研究生阶段,成长为能够胜任矿区高级岗位的技术骨干,至少需要 8 到 12 年的超前规划与系统培养,远非一朝一夕之功。 对于当地的一位度假木屋经营者而言,所谓的经济繁荣承诺不过是精心编织的谎言。他亲眼目睹了这场资本盛宴的荒唐全貌: - 交易协议一出,Trilogy Metals 的股价一夜之间暴涨 300% 至 400%; - 嗅觉灵敏的圈内知情人士借机大肆抛售,轻而易举揽走数十万乃至数百万美元的暴利; - 随后股价迅速回落至启动前的低谷,而自始至终,安布勒周边的原住民没有从中拿到哪怕一分钱。 “那些关于给地方带来财富的所有承诺,到头来证明这根本不是为当地人准备的。这只是为那些早就富得流油的人准备的提款机,因为他们显然需要码得更高的钞票。”特朗普政府虽然坚决推进其 10% 的股权交割,但在这片广袤冰冷的冻土之下,那些矿脉究竟具有多高的真实经济开采价值,至今仍是一个未经验证的巨大问号。 ## Notable quotes > [00:09](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=9s) 给飞机起名叫‘南瓜号’其实让人安心不少,毕竟听起来我们不是坐在一架七十岁的老古董上,而是坐在南瓜里。 — 记者 > [02:28](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=148s) 你不可能直接开车进来。这里完全未经人工破坏,是无价之宝。 — 伊娃·克利夫兰(Eva Cleveland) > [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 暗箱操作和强力施压无处不在,逼迫人们低头妥协 — 弗兰克·汤普森(Frank Thompson)与托马斯·沙纳汉(Thomas Shanahan) > [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 把原料运到中国,再从中国买回来,这到底有什么可行性? — 项目反对者 > [04:45](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=285s) 这里的矿石品位极高 — 开发商 > [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 金钱可以收买人心,你永远不知道谁会突然倒戈。 — 里科·德怀尔德(Rico DeWilde) > [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 这股巨浪已经来了 — PJ·西蒙(PJ Simon) > [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 当年特朗普总统说‘尽情钻井吧’(drill, baby, drill),现在也是‘尽情开矿吧’(mine, baby, mine)。我们必须重新回到矿业版图中,我支持特朗普和伯格姆(Doug Burgum)的做法。 — PJ·西蒙(PJ Simon) > [06:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=403s) 原住民针对原住民的仇恨(Native on native hate) — PJ·西蒙(PJ Simon) > [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 早上好,安布勒!彭博新闻社的记者今天来到了我们学校,他们想和大家聊聊安布勒公路。大门敞开,欢迎大家来交流!灰熊队加油! — 马修斯老师(Ms. Matthews) > [08:43](https://www.youtube.com/watch?v=7OkGrpbV2BE&t=523s) 那些关于给地方带来财富的所有承诺,到头来证明这根本不是为当地人准备的。这只是为那些早就富得流油的人准备的提款机,因为他们显然需要码得更高的钞票。 — 当地度假木屋经营者 ## Mentioned 特朗普(Donald Trump), 拜登(Joe Biden), 道格·伯格姆(Doug Burgum), 崔罗吉金属(Trilogy Metals), 托尼·贾迪尼(Tony Giardini), 阿拉斯加工业开发和出口局(AIDEA), SalmonState, 彭博新闻社 / Bloomberg Originals, 安布勒矿区(Ambler Mining District), 安布勒公路(Ambler Road), 道尔顿公路(Dalton Highway), 科布克村(Kobuk Village), 伊娃·克利夫兰(Eva Cleveland), 埃文斯维尔部落委员会(Evansville Tribal Council), 弗兰克·汤普森(Frank Thompson), 托马斯·沙纳汉(Thomas Shanahan), 里科·德怀尔德(Rico DeWilde), 胡斯利亚(Huslia), 阿拉卡克特部落(Allakaket), PJ·西蒙(PJ Simon), 马修斯老师(Ms. Matthews), 德哈维兰“河狸”水上飞机(De Havilland Beaver / Pumpkin), 麦肯齐角(Point MacKenzie) ## Video description A mining deal by the Trump administration and a 211-mile road have pitted Wall Street against Alaska residents fearful of the environmental impact. But not everyone is against the Ambler Road project. Trump Rewrites Corporate Norms With Arctic Mining Deal: https://bloom.bg/44VDSOl The federal government granted a permit to build a road through Alaskan wilderness. In exchange, it gets part of a mining company. #Trump #Alaska #Mining -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant. [Source](https://www.youtube.com/watch?v=7OkGrpbV2BE)

Source quotes

[0:09] 记者: 给飞机起名叫‘南瓜号’其实让人安心不少,毕竟听起来我们不是坐在一架七十岁的老古董上,而是坐在南瓜里。 [2:28] 伊娃·克利夫兰(Eva Cleveland): 你不可能直接开车进来。这里完全未经人工破坏,是无价之宝。 [4:45] 弗兰克·汤普森(Frank Thompson)与托马斯·沙纳汉(Thomas Shanahan): 暗箱操作和强力施压无处不在,逼迫人们低头妥协 [4:45] 项目反对者: 把原料运到中国,再从中国买回来,这到底有什么可行性? [4:45] 开发商: 这里的矿石品位极高 [6:43] 里科·德怀尔德(Rico DeWilde): 金钱可以收买人心,你永远不知道谁会突然倒戈。 [6:43] PJ·西蒙(PJ Simon): 这股巨浪已经来了 [6:43] PJ·西蒙(PJ Simon): 当年特朗普总统说‘尽情钻井吧’(drill, baby, drill),现在也是‘尽情开矿吧’(mine, baby, mine)。我们必须重新回到矿业版图中,我支持特朗普和伯格姆(Doug Burgum)的做法。 [6:43] PJ·西蒙(PJ Simon): 原住民针对原住民的仇恨(Native on native hate) [8:43] 马修斯老师(Ms. Matthews): 早上好,安布勒!彭博新闻社的记者今天来到了我们学校,他们想和大家聊聊安布勒公路。大门敞开,欢迎大家来交流!灰熊队加油! [8:43] 当地度假木屋经营者: 那些关于给地方带来财富的所有承诺,到头来证明这根本不是为当地人准备的。这只是为那些早就富得流油的人准备的提款机,因为他们显然需要码得更高的钞票。

Source quotes

[2:28] Eva Cleveland: I am scared. I'm scared for that road to come because this is one of the last, last pieces of the world. Well, my world anyway, that's prime. You can't just drive in here. It's untouched. It's priceless. [6:05] Chief P.J. Simon: Money buys people. And you never know who's going to flip... Native on native hate. It's alive and well. We only destroy ourselves if we don't work with industry. You talk about the coming waves. Well, this is the coming wave.

Original transcript

[0:09] This is a 1953 DeHavelin Beaver and her name is Pumpkin. [0:13] All right. [0:14] And this is Poppy. [0:16] Poppy, Pumpkin and Polly. [0:17] Yes. Yeah. [0:21] A few dozen miles above the Arctic Circle, there are no roads, highways, [0:25] or cell service. To get here, you need a bush plane. [0:32] I like that its name is Pumpkin. [0:34] I think naming the plane Pumpkin has actually brought me a lot of relative peace [0:38] because it's like we're not getting in a seven-year-old plane, [0:40] we're getting in pumpkin. [0:46] Pretty balmy here. Six degrees out. [0:50] Warmer than Fairbanks. [0:54] This is the Ambler Mining District, and for the last decade, [0:58] eyes in Washington have turned towards it. [1:01] This is a controversial project that would build an access road to this mineral [1:05] rich mining district in Alaska. [1:08] What they're talking about for the Ampler Road, [1:11] that's going to be just an absolute money pit for this state. [1:13] There's going to be a bunch of people that are going to get rich buildings. [1:17] The Trump administration is going to invest $35 million for Trilogy to conduct [1:22] exploration in this area in exchange for a 10% stake in the company. [1:29] Obviously, people that have stocks in Trilogy are going to make a lot of money, [1:32] but as far as the state actually making a lot of money, [1:36] there's nothing ironed out at all that says the state's going to ever even pay [1:40] for that road. [1:44] This controversial remote Alaskan road pits mining and Wall Street [1:48] interests against some indigenous community leaders and a fragile wilderness, [1:53] all while setting an entirely new precedent for how America does business. [1:59] This is not just a figurative, but a literal gold mine. [2:01] This is a semistrip plan that does not serve Alaskan. [2:04] The Ambler Mining District is a treasure trove of critical minerals. We. [2:08] Are talking about paying for corporations to contaminate [2:12] Alaskan land. There's just a lot that can go wrong. [2:28] Hi. [2:29] Hey, Eva. I'm Holly. Hi. [2:31] And I'm a reporter and this is my crew and we're working on a short documentary [2:36] about the Ambler Road. [2:38] Oh, okay. [2:39] Do you have a couple minutes for us to bother you? [2:43] We've come to Alaska to hear firsthand how the Ambler Road deal could impact [2:47] local livelihoods. Eva Cleveland lives in Kobuk Village, [2:52] just a handful of miles from where the road has been planned. [2:56] I am scared. I'm scared for that road to come because [3:00] this is one of the last, last pieces of the world. [3:05] Well, my world anyway, that's prime. You can't just drive in here. [3:10] It's untouched. It's priceless. [3:14] Developers say the Ambler Mining District is home to some of the nation's [3:17] biggest copper and sink deposits. [3:20] Metals that are vital to today's technology and part of the Trump [3:23] administration's broader effort to compete with China. To access these minerals, [3:28] the companies say they need a 211-mile gravel road, [3:32] something the Biden administration repeatedly blocked before the Trump [3:35] administration cleared the path. [3:38] Well, thank you very much everybody. [3:39] We have a very big signing today having to do with Alaska. [3:43] This was something that should have been long operating and making -. [3:46] But the government didn't just hand over the permit. [3:49] It asked for something in return, a piece of the action. [3:52] Hello. My name's Tony Giardini. I'm the president and CEO of Trilogy Metals. [3:57] And I'm going to take a few minutes to talk to you about Trilogy and our [4:00] exciting projects in Alaska. [4:03] The government announced it would invest $35.6 million in Trilogy Metals for a [4:08] 10% stake and granted the permit. [4:15] We're losing our voice, our language. [4:17] The land is the last thing that we have. This is our home. [4:23] Following the deal's announcement, [4:24] Trilogy stocks surged from more than $2 to more than $11 per share. [4:29] Investors netted millions of dollars despite not a single ounce being mined. [4:34] With the road's cost of construction potentially stretching into the billions of [4:38] dollars, [4:39] uncertainty over funding has fueled local opposition and taxpayers' concerns. [4:45] Evansville Tribal Council Chiefs Frank Thompson and Thomas Shanahan, [4:49] prominent opponents, [4:50] say that those pushing for the road are pressuring communities for support. [4:55] There's a lot of strong arming going on and it's real easy to pressure people [4:59] into it. [5:01] Trilogy Metals said in 2023, it would ship mineral concentrate to an Asian port. [5:06] Now, with the government branding the project as an America first initiative, [5:10] its ultimate destination remains uncertain. [5:13] You're taking a product, loading it onto a truck. [5:16] You're trucking it 211 miles over to the Dalton Highway. [5:20] Now you got another 230 miles to Fairbanks. [5:25] Are you going to take that material, load it onto rail, [5:28] send it to Point McKinsey, [5:30] and then it gets loaded onto a ship to go to China? [5:34] How is that feasible to transport and handle this material? [5:39] Send it to China where you buy it back. How is it feasible? [5:44] And they just say the ore is that good. [5:50] No explanation. It's all speculative. [5:53] It's always been someone else's minerals and [5:59] they need Alaska's money to be able to make it happen. [6:05] Among the most vocal champions of the project is the state's economic [6:08] development agency, the Alaska Industrial Development and Export Authority, [6:12] or ADA. [6:14] While ADA has received 1.4 billion in economic development funds over four [6:18] decades, [6:19] an analysis by the advocacy group Sam and State suggests the agency has cost [6:24] taxpayers millions of dollars. [6:26] The way ADA works with native corporations and the state and even [6:32] nationally with our Congress people, [6:34] it does seem like a concerted effort to take the Native voice away from tribes [6:38] and put it into for-profit corporations. [6:43] I'm Rico Dual. I grew up outside of Buslia. [6:46] I wanted to run Tracy because I wanted to have more input on what's going on out [6:51] here. And I think I have a lot of experience. [6:55] The Native people are probably 80% against the road, I would say. [6:59] Money buys people. And you never know who's going to flip. [7:04] I mean, you see PJ Simon, he's all against the road, [7:07] and then all of a sudden he's doing meetings and they're whining and dining him. [7:12] Once a vocal opponent of the road, Alakaket chief PJ Simon reversed his stance, [7:17] concluding that since mining is inevitable, [7:20] the community should prioritise securing its share and give employment [7:23] opportunities to the future generations here. In our interview of Simon, [7:27] he declined to appear on film. [7:31] We're not advocating to wipe out the whole planet. [7:36] We support resource development for jobs, for retirement. [7:42] President Trump, when he said drill, baby, drill, he also was mine, baby, mine. [7:46] We've got to get back in the mining business. [7:49] I support what Trump and Bergenmar are doing. You pick the good with the bad. [7:54] I mean, what's best for Alec Acket? [7:57] One of the things I heard from a lot of people is he's been paid off. [8:00] He's been sold out. You don't want to hear from him. I. [8:03] Could care less about what others are saying. They can have their own opinions. [8:07] Native on native hate. It's alive and well. [8:10] We only destroy ourselves if we don't work with industry. [8:14] You talk about the coming waves. Well, this is the coming wave. [8:20] There's huge politics behind all of this. [8:43] Good morning, Ambler from Ambler School. It's Ms. Matthews. Hey, listen, [8:46] we've got some folks here from Bloomberg. [8:49] They're going to be out visiting today or you can come visit with them at the [8:52] school, but they're going to be here discussing the -. [8:55] Ambler Road. [8:56] Ambler Road. So if you want to come and talk to Bloomberg today, [8:59] the doors are open. Come on up. Have a great day. Go Grizzlies. [9:04] Fabulous. All right. Back in its holster. [9:08] It's one of my favourite things about Alaska is that everyone's still got [9:11] radios. [9:13] Proponents of the road point to the potential for mining jobs in the near term [9:17] and more specialised careers in the future. [9:20] So getting people to work in the district who are from these communities, [9:24] it's going to be a buildup over time. I mean, [9:26] from some of these kids to when they can complete a certificate and then their [9:30] undergrad and their graduate, [9:31] you're looking at eight to 12 years of planning in advance for this district to [9:34] be able to hire people from this community. [9:39] For this local lodge owner, [9:41] the road was never about bringing prosperity to residents here. [9:45] The stock prices skyrocketed overnight and went up three or 400%, [9:49] and now they're back down to where they were a month ago. [9:52] And the people in the know that were watching this made hundreds of [9:57] thousands, if not millions of dollars overnight. [10:00] And yet the villagers made nothing. So [10:04] all those promises of riches in the area, I mean, [10:05] that was a great example to show that it's not for the people in the area. [10:10] It's for the people that already have enough money to invest in these things. [10:14] Then they just need bigger stacks of money apparently. [10:21] Ready? [10:24] The Trump administration says it is committed to acquiring 10% of trilogy [10:28] metals. Meanwhile, [10:33] questions still remain of the unverified worth of the mineral deposits buried [10:37] beneath the tundra.