AIDEA Creates Billion Dollar Loan Guaranty Program

AIDEA Creates Billion Dollar Loan Guaranty Program

Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE) was recently approved by the Alaska Industrial Development and Export Authority (AIDEA), to confront the economic impacts resulting from the COVID-19 pandemic. AIDEA will make up to $50 million available for loan guarantees under AK SAFE, and subject to authorization for a statutory change, AIDEA will increase the program cap to $1 billion.

Final Environmental Impact Statement Filed for the Ambler Access Road

Final Environmental Impact Statement Filed for the Ambler Access Road

Trilogy Metals’ interim president and CEO, Senator Lisa Murkowski, and Senator Dan Sullivan commented on the public release of the Final Environmental Impact Statement by the US Bureau of Land Management for the Ambler Mining District Industrial Access Project. The Alaska Industrial Development and Export Authority estimates the Ambler road project would create an estimated 486 construction and 68 permanent jobs, with more jobs created and supported by world-class mining projects in the Ambler district.