US Department of War invested 5% equity (~$35M) alongside South32 in Trilogy Metals, marking federal government as strategic partner focused on domestic critical metal supply for national defense priorities, significantly de-risking the project through government backing.
Ambler Road permitting breakthrough in October 2025 reinstated the 2020 Trump administration decision, removing the primary infrastructure barrier and enabling expedited permitting pathway for developing high-grade VMS deposits in Northwest Alaska’s Ambler Mining District.
Arctic deposit delivers $4.3B+ after-tax NPV with 54% IRR at current metal prices, with 30% of revenue derived from precious metals (gold and silver), providing significant economic de-risking beyond base metal price exposure in the copper-silver-gold-zinc-lead VMS project.
Ambler Mining District contains 70 years of drilling data (210,000m) with potential for VMS deposit clusters comparable to Flin Flon, Noranda, and Bathurst districts that have produced continuously for up to 80 years with ongoing new discoveries throughout their operational life.
Trilogy’s 2026 program includes advancing Ambler Road project, conducting additional exploration drilling (condemnation, resource conversion, anomaly follow-up), and commencing permitting and feasibility study work to support final investment decision with federal funding support.
High-grade VMS projects strategically positioned to supply domestic US critical metals including copper, zinc, lead, and cobalt, aligning with federal priorities for domestic supply chain security within broader secular bull market for precious and critical metals.
The modern state maintains power through a monopoly on violence that exempts political elites from competition, creating a unique governance form where citizens must obey regardless of performance, unlike other service providers who face market pressure.
The managerial class (technical and administrative managers) has become the de facto ruling elite in industrialized societies by centralizing control over resources, production, and government affairs, as theorized by James Burnham.
Italian elite theorists (Mosca, Pareto, and Michels) established that elites are a necessary byproduct of social cooperation existing in all organizations, but their positions depend on legitimizing myths and public acceptance rather than guaranteed status.
The Epstein files reveal numerous public figures maintained closer contact with him than publicly claimed, exposing the justice system’s lack of interest in prosecuting accomplices and fueling public frustration and anger at global elites.
The bureaucratic managerial class has centralized power both inside and outside government, demonstrating willingness to act against popular opinion when serving their interests, enabled by the state’s exemption from competitive pressures.
The internet and artificial intelligence are shifting structural dynamics that propelled current elites into power, potentially enabling genuine societal change through the liberty to walk away from self-interested elite control.
Centralized governments attract authoritarian personalities who manipulate and use violence to impose their vision instead of allowing individuals to self-govern, as demonstrated by historical lessons across societies.
Constitutional limits on government power become unenforceable when governments dominate hundreds of millions of people, as political leaders easily violate them through misleading strategies despite original intent.
Leviathan-sized governments drain society by attracting power-hungry individuals who, when centralized, create massive systems that suffocate entrepreneurship, voluntary exchange, innovation, and progress.
Freedom enables securing necessities, pushing culture forward, and ensuring peaceful societies, while its absence directly leads to poverty and suffering through blocked survival and creativity.
Allowing government to use violence beyond defending freedom creates oppression that becomes increasingly difficult to escape, as groups with powers exceeding individuals become sources of repression.
Zeroes lacking autonomy and critical thinking are conditioned by state schools, media propaganda, and distractions to mindlessly follow political orders, becoming easy prey for rulers seeking control.
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