Trilogy Metals Inc

The mining industry and state of Alaska slammed the Biden administration's reported plan to block a controversial access road to a mining district, saying such a move is politically motivated, illegal and at odds with the need for domestic sources of key minerals. In an environmental analysis due this week, the Interior Department planned to issue a "no action" recommendation for the proposed Ambler Road project, effectively blocking the 211-mile artery that would connect an existing highway to a remote area in northwestern Alaska where mining companies want to explore for copper and other minerals, according to media reports. Such a decision would hand a victory to environmentalists who said the road threatens pristine Arctic habitat for caribou and fish and endangers drinking water for native tribes and rural communities. But copper is a key mineral needed to build renewable energy sources to help combat climate change, which also threatens the Arctic. The tension underscored the sometimes conflicting environmental goals of the Biden administration in an election year while also pitting native groups against each other. Alaska Says Decision Would Violate Law An executive with Ambler Metals — a joint venture between Canada-based Trilogy Metals Inc. (NYSEAMERICAN: TMQ) and Australia-headquartered South32 (OTC:SOUHY) that was exploring the mining district — said the company was "stunned" to hear that the Interior Department's Bureau of Land Management (BLM) was planning to deny the access project. "We strongly urge BLM to reconsider what would clearly be an unlawful and politically motivated decision that goes well beyond the narrow set of issues the courts agreed to allow the agency to address," Kaleb Froehlich, managing director of Ambler Metals, said in a statement. Also Read: Energy Transition Metals At Stake: Potential US Mining Law Update Pits ...Full story available on Benzinga.com

Related tickers: SOUHY, TMQ, AKEMF, VMXXF.

Shares of The Travelers Companies, Inc. (NYSE: TRV) fell sharply during Wednesday’s session following first-quarter earnings. Travelers reported a mixed first quarter, with earnings lagging analyst' expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier. Travelers shares dipped 8.1% to $205.03 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers INVO Bioscience, Inc. (NASDAQ: INVO) shares shot up 256% to $2.78 after the company reported a year-over-year increase in fourth-quarter revenue results and said it remains on track to reach its goal of reaching break-even or profitability within its current operations in 2024. Edible Garden AG Incorporated (NASDAQ: EDBL) gained 112% to $9.73 after the company reported preliminary first quarter FY24 results. Sintx Technologies, Inc. (NASDAQ: SINT) jumped 53% to $0.0350. VIA optronics AG (NYSE: VIAO) shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday. AERWINS Technologies Inc. (NASDAQ: AWIN) jumped 42.2% to $4.70. The Children's Place, Inc. (NASDAQ: PLCE) climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital. Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) gained 32% to $5.38 after the company announced that it submitted three proposals since February to acquire all of the outstanding shares of common stock of Vanda Pharmaceuticals and confirmed that its most recent proposal to acquire Vanda remains open for Vanda and its Board of Directors to consider. EZGO Technologies Ltd. (NASDAQ: EZGO) gained 28% to $2.20. EZGO entered into a strategic cooperation framework agreement with Woteam to jointly explore the Southeast Asian Market. CXApp Inc. (NASDAQ: CXAI) shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023. TRACON Pharmaceuticals, Inc. (NASDAQ: TCON) rose 19.6% to $2.0461. WiSA Technologies, Inc. (NASDAQ:

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