Trilogy Metals Inc. closed a strategic equity investment with the U.S. Department of War on September 11, 2026. The transaction involves the sale of approximately $35.6 million in units to advance exploration and development of the Upper Kobuk Mineral Projects in Alaska. Trilogy issued 8,215,570 units at $2.17 per unit for roughly $17.8 million, with each unit comprising one common share and three-quarters of a warrant exercisable at $0.01 per share for ten years. Concurrently, South32 sold shares to the Department of War, reducing its stake from 10.7% to approximately 6.0%. The company operates in the metal exploration and development industry.

Trilogy Metals Inc. executed definitive agreements for a strategic equity investment of approximately $35.6 million from the United States Department of War to advance exploration and development of the Upper Kobuk Mineral Projects in Alaska. The transaction involves two components: an $17.8 million direct investment by the DOW in Trilogy Metals for 8,215,570 units at $2.17 per unit, and a concurrent $17.8 million payment to South32 Limited for 8,215,570 common shares held by South32. The DOW will hold approximately 10% of Trilogy Metals on a non-diluted basis upon closing, expected in September 2026. The investment includes governance rights such as one board director designation until October 2028 and restrictions on debt exceeding $1 billion. Trilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC.

Trilogy Metals Inc. issued a press release on August 3, 2026, providing an update on its previously announced strategic equity investment by the United States Department of War. The filing confirms that discussions with the Department continue and that the letter of intent signed in October 2025 remains in effect for approximately US$35.6 million to advance exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska. Trilogy Metals is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which owns the Upper Kobuk Mineral Projects in the Ambler Mining District of Alaska.

Trilogy Metals Inc. announced that a coordinated federal and state permitting schedule for its flagship Arctic Project in Alaska's Ambler Mining District has been published on the Federal Permitting Improvement Steering Council's Dashboard. The schedule, developed under the FAST-41 framework, targets a Record of Decision by September 2028. The U.S. Army Corps of Engineers is the lead federal agency for the environmental review. This integrated roadmap aims to synchronize federal and Alaska state permitting milestones to increase efficiency compared to historical baselines. The project is a joint venture between Trilogy Metals and South32 Limited. Trilogy Metals is a metal exploration and development company focused on the Ambler Mining District.

Trilogy Metals Inc. issued a press release on July 8, 2026, reporting its financial results for the second quarter ended May 31, 2026. Trilogy Metals Inc. is a metals and mining company focused on base metal exploration and development in Alaska.