President Donald Trump has reversed the previous administration's decision to block the Ambler Road Project in Alaska, clearing the way for notable domestic infrastructure and mining developments.

The administration also brokered a $35.6 million federal investment for a 10% stake in Trilogy Metals (AMEX:TMQ), which holds extensive mining claims in the region.

"It is an economic gold mine, so to speak," Trump said, per The Financial Times. "This was something that should have been long operating and making billions of dollars for our country and supplying a lot of energy and minerals and everything else that we are talking about."

The Ambler Road Project envisions a 211-mile industrial road stretching from Alaska's Dalton Highway to the Ambler Mining District in the northwest interior of the state.

The route would unlock access to some of North America's largest untapped deposits of copper, cobalt, gallium, germanium, and other critical minerals, all key to electric vehicles, renewable energy infrastructure, and advanced defense ...