Trilogy Metals Inc (TMQ)

Trilogy Metals Provides Update on U.S. Department of War Strategic Equity Investment and Extends Closing Deadline to July 31, 2026June 1, 2026 6:30 AM
PR Newswire (US) VANCOUVER, BC, June 1, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") is pleased to provide the following update on the previously announced proposed strategic equity investment of US$35.6 million by the U.S. Department of War (the "DOW" or "U.S. Government"). Trilogy and the DOW have agreed to extend the targeted closing date for the investment from May 31, 2026, to July 31, 2026, to account for the time required to finalize definitive documentation. The Company expects to close the transaction on or before July 31, 2026. Pre-Closing MilestonesSince announcing the investment, Trilogy Metals and Ambler Metals LLC ("Ambler Metals"), the Company's 50/50 joint venture with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32"), are continuing discussions regarding the transaction. The following key milestones have been completed or are progressing:Ambler Road Framework Agreement: Ambler Metals, South32, Trilogy Metals, and the U.S. Government are discussing a framework agreement that would govern the financing and construction of the Ambler Access Project (or "Ambler Road"), the proposed 211-mile, industrial-use-only road from the Ambler Mining District to the Dalton Highway. As part of these discussions, the parties are exploring potential pathways for financing the Ambler Road.FOCI Review Completed: The U.S. Government has completed its Foreign Ownership, Control or Influence ("FOCI") risk assessment of Trilogy Metals, enabling the parties to finalize the definitive agreements required for closing.Defense Production Act Reauthorized: The U.S. Congress has reauthorized the Defense Production Act, providing the continued statutory foundation for the U.S. Government's strategic equity investment program in domestic critical mineral companies, including this investment in Trilogy Metals.Definitive Documentation Progressing: Definitive investment documentation is well underway. The extension to July 31 provides the time needed to finalize and execute the remaining transaction documents.Tony Giardini, President and CEO of Trilogy, commented: "We are highly encouraged by the progress we have made toward closing this landmark investment. We are extending the closing date to July 31 to allow adequate time to finalize the transaction documents to the standard this agreement deserves. This investment from the U.S. Government signifies the strategic importance to American critical mineral supply chain security, and we remain fully committed to closing on this schedule."Background on the Strategic Equity InvestmentIn October 2025, the U.S. Government approved the Ambler Access Project and authorized a potential US$35.6 million strategic equity investment in Trilogy Metals pursuant to Title III of the Defense Production Act, administered by the U.S. Department of War. The investment will be structured in part as a direct equity placement in recognition of the Arctic Project's critical role in supporting domestic copper supply and reducing U.S. dependence on foreign-controlled critical mineral sources. The Arctic Project, located in northwestern Alaska's Ambler Mining District, hosts one of the highest-grade undeveloped copper-zinc-lead-gold-silver deposits in North America and is being advanced by Ambler Metals toward mine permitting and a construction decision.For additional background, readers are directed to the Company's prior news releases available on its website at www.trilogymetals.com, on SEDAR+ at www.sedarplus.ca, and EDGAR at www.sec.gov.Arctic Project Federal Permitting UpdateOn May 15, 2026, Ambler Metals announced that the Arctic Project had been officially accepted as a "Covered Project" under Title 41 of the Fixing America's Surface Transportation Act ("FAST-41"), and listed on the Federal Permitting Improvement Steering Council's Federal Permitting Dashboard at permits.performance.gov. The FAST-41 designation triggers a statutory permitting timetable – within 21 days of listing, lead federal agencies must invite cooperating agencies, and within 60 days, a Coordinated Project Plan and permitting schedule must be published – providing investors, agencies, and communities with a transparent, enforceable roadmap for the Arctic Project's National Environmental Policy Act review. The FAST-41 inclusion follows directly from the April 2026 filing of a Clean Water Act Section 404 permit application with the U.S. Army Corps of Engineers, initiating formal federal permitting for the Arctic Project, and represents a significant parallel milestone alongside the DOW strategic equity investment in advancing the Ambler Mining District toward development.U.S. Securities Act DisclaimerThe proposed offer and sale of the securities as described above are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended, and may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts polymetallic volcanogenic massive sulfide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the expected closing of the strategic equity investment; the anticipated timing and completion of the transaction; the finalization of definitive documentation; the anticipated benefits of the investment to the Company and the Ambler Mining District; and the strategic importance of the Arctic Project to domestic critical mineral supply chains are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties involving the finalization and execution of definitive investment documentation; the outcome of regulatory and governmental processes; requirements for additional capital; government regulation of mining operations; environmental risks; and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-provides-update-on-us-department-of-war-strategic-equity-investment-and-extends-closing-deadline-to-july-31-2026-302786191.htmlSOURCE Trilogy Metals Inc. Original: Trilogy Metals Provides Update on U.S. Department of War Strategic Equity Investment and Extends Closing Deadline to July 31, 2026

Podacs.......... It was a good day to dance to the TRILOGY music. Looking forward to JUNE 1............ I do hope you picked up a few shares of Nak. Rumor has it that the Permit is in motion, and will be announced by July 1........ If they get that Permit, there will be a huge explosion in price........... Have a good weekend.......

Podacs....... Thanks for the Reminder..... Will buy some more shares today............ :>)

Last 2 days to get in before the 35 million Gubment money arrives. Big news announcement coming soon.

Symbol TMQ
Last $4.39
Change +$0.13 (+3.05%)
Bid $4.38
Ask $4.39
High $4.45
Low $4.12
Volume 2,193,355
Time (ET) 02:47:05 PM
GLTA

Low Pole Reversal on 26 May 2026. GLTA

Podacs..................

This report covers most of the story on Northern Dynasty.......

https://greenbullresearch.com/the-trumps-secret-2-gold-mine-stock-jim-rickards-is-teasing/

Podacs............. "According to Jim Rickards Northern Dynasty is set to get the GREEN LIGHT very soon"...................


https://www.theprofadvocate.com/lp/gm-1?aff_sub=a_pd-goldmine_aw_display_con_stb-gold-kw_lead_-_tpa&account=2405451705&source=adwords&campaign=23737365793&adgroup=190355134970&device=c&devicemodel=&aff_sub5=EAIaIQobChMI4Oqq-rOolAMVX76mBB0MPjk8EAEYASAAEgKIqvD_BwE&aff_sub2=www.kitco.com&code=c10c5qGsT&gad_source=5&gad_campaignid=23737365793

Podacs......... You are right on Nak's assessment, but there are rumors that the Permit will be issued by July 1........... Nak has Trillions of Dollars in Copper, Gold, Silver Moly, and Rhenium...... Check the Nak board on some of the posts I researched and posted......... It appears that FINALLY, some headway is being made as we write...........

Ps: This is not investment advice just a discussion..........

NAK is having a problem getting EPA approval due to waste run off getting into one of the largest Salmon streams in Alaska. They meet again in June for permits BUT this one is a harder sell than TMQ which already has permits and approvals.

Podacs....... Talk of a Copper/Gold play, I have searched the following ad that has been on Kitco for a couple of weeks, and it is a GREAT possibility it is Northern Dynasty Minerals, rumored to get its Permit....... Take a look at the attached information.......... Or get on Kitco and you will see the add for a $2.00 stock..........


https://wallstwatchdogs.com/the-2-gold-miner-sitting-on-1-trillion-worth-of-gold/?fid=1&tlid=14&utm_source=GoogleAds&utm_campaign=23809883932&utm_content=807258978239&utm_term=www.kitco.com&gad_source=5&gad_campaignid=23809883932

TMQ is primarily a Copper play. Potentially one of the largest in North America. So the rare earths deal with china should not affect this company.

Podacs........... Yes, could be a typical shakeout, however the chart is breaking down. My other stock, NB is also breaking down. President Trump surely made an agreement with China for continued Supply of Rare Metals, but let us await for news from TMQ........ Many thanks for your input........

Podacs........... Yes, could be a typical shakeout, however the chart is breaking down. My other stock, NB is also breaking down. President Trump surely made an agreement with China for continued Supply of Rare Metals, but let us await for news from TMQ........ Many thanks for your input........

Sherman, it is not unusual for market makers . short sellers and others to sell off a stock before a known event to flush out the weak hands and pick up their shares on the cheap. This may or may not be the case here but the probabilities of a run up after news of the Gubment money finally in house should get a positive reaction. Better to be early than not at all.

Podacs....... Thanks for the update, because Tmq at this point, is becoming so very disappointing with this sell off..... Hanging in for June 1......... Thanks again...........

This stock has sold off 20% going into a major news event the first week of June. The weak hands have prolly been flushed out or could be more flushing to come this week but either way the company looks to get 34 million from the Dept. of War the first week of June. We shall see.

Checked with TMQ Investor Relations this week and paper work is being submitted to the Government . Money is supposed to be paid by June 1st for the Government's investment in the Ambler project. Do you you think this will be positive news for this stock? If it is anything like the announcement back in September 2025 this stock could have a nice run up. It went from 2 to almost 8 back then. Sell off before the news event. We are taking advantage of the sell off

Trilogy Metals Announces Acceptance of Alaska's High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project into the FAST-41 Federal Permitting ProgramMay 15, 2026 6:30 AM
PR Newswire (US) VANCOUVER, BC, May 15, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") announced today that its flagship Arctic Project in northwestern Alaska's Ambler Mining District, being advanced by Ambler Metals LLC ("Ambler Metals") – its 50/50 joint venture with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32") – has been officially accepted as a "Covered Project" on the Federal Permitting Improvement Steering Council's (the "Permitting Council") Federal Permitting Dashboard at permits.performance.gov under Title 41 of the Fixing America's Surface Transportation Act ("FAST-41"). The designation marks a pivotal milestone as Ambler Metals advances toward the start of the National Environmental Policy Act process, and positions the Arctic Project as a priority domestic critical mineral development under President Trump's resource policy agenda. Tony Giardini, President and CEO of Trilogy, commented: "Acceptance into the FAST-41 program is one of the most significant milestones in the Arctic Project's history. The United States currently imports a substantial share of its copper supply from foreign nations – a strategic vulnerability that FAST-41, by providing a clear and coordinated federal permitting framework for domestic mineral projects, could help alleviate. Inclusion on the Federal Permitting Dashboard signals that the Arctic Project has been recognized at the highest levels of government as a nationally important critical minerals asset. For our shareholders and for the State of Alaska, this program provides a defined, transparent, and enforceable permitting schedule. We look forward to working closely with the Permitting Council, the U.S. Army Corps of Engineers (the "Corps"), cooperating agencies, and the local stakeholders and communities as we advance this project; their support and engagement will be as important to us as any regulatory milestone along the way."In April 2026, Ambler Metals filed an application for a Clean Water Act Section 404 permit with the Corps, initiating federal permitting for the Arctic Project. The FAST-41 Covered Project designation follows directly from that filing and from a broader sequence of federal policy actions supporting domestic critical mineral development – including President Trump's January 2025 Executive Order 14153 ("Unleashing Alaska's Extraordinary Resource Potential"), Executive Order 14241 ("Immediate Measures to Increase American Mineral Production"), the October 2025 presidential approval of the Ambler Access Road and associated $35.6 million strategic federal equity investment commitment in Trilogy Metals, and the February 2026 issuance of Public Land Order 7966 removing federal withdrawals over approximately 2.1 million acres of the Dalton Utility Corridor.About the FAST-41 Federal Permitting ProgramEstablished by Title 41 of the Fixing America's Surface Transportation Act of 2015 and made permanent by the Bipartisan Infrastructure Law of 2021, the FAST-41 program is administered by the Federal Permitting Improvement Steering Council, an interagency body comprising cabinet-level departments and other federal agencies charged with improving the transparency and predictability of the federal environmental review and authorization process for major infrastructure projects.FAST-41 Covered Project status entitles qualifying projects to coordinated federal environmental review and authorization timetables that are publicly tracked on the Federal Permitting Dashboard at permits.performance.gov, providing all project stakeholders, including investors, government agencies, host communities, and the general public, with visibility into the permitting timeline and agency review milestones. Covered Projects also benefit from direct interagency coordination and issue resolution mechanisms, while federal environmental reviews continue to follow established public-comment procedures under applicable law. The program is overseen by the Permitting Council Executive Director, who coordinates agency review schedules.Acceptance into the FAST-41 program triggers a statutory process: within 21 days of the project's posting on the Federal Permitting Dashboard, lead federal agencies are required to invite cooperating agencies and within 60 days a Coordinated Project Plan and permitting timetable must be published.The program has gained significant momentum in the context of federal efforts to onshore domestic critical mineral production and reduce dependence on foreign supply chains. Projects such as South32's Hermosa Critical Minerals Project in Arizona – the first-ever mining project to receive FAST-41 designation, Graphite One's Graphite Creek Project in Alaska, Equinox Gold's Castle Mountain Phase Two in California, Controlled Thermal Resources' Hell's Kitchen Critical Minerals and Power Project in California, Liberty Gold's Black Pine Gold Project in Idaho, Westwater Resources' Coosa Graphite Project in Alabama, Contango Ore's Johnson Tract Critical Metals Project in Alaska, and NovaGold's Donlin Gold Project in Alaska have all received FAST-41 Covered Project designations in recent years, illustrating the expanding scope of the program across the critical minerals and precious metals sectors.The Critical Role of Domestic Copper in America's Industrial ResurgenceCopper has been classified as a critical mineral by the U.S. Geological Survey and is foundational to nearly every sector of the modern economy, from electrical wiring, plumbing, and industrial machinery to grid infrastructure, semiconductors, and defense systems. Demand is accelerating: according to Wood Mackenzie, global copper consumption is projected to rise 24% by 2035, driven by electrification and the growth of AI data centers1, which S&P Global estimates could account for as much as 14% of U.S. electricity demand by 20302. Yet domestic U.S. mine production has stagnated for years, and the United States increasingly relies on imports from foreign producers.The FAST-41 designation for the Arctic Project reflects a broader federal policy recognition that domestic copper production must be expanded if the United States is to close this supply gap and reduce its vulnerability to geopolitical disruption. The Arctic Project is among only a small number of advanced-stage copper development assets in Alaska, a state that President Trump's administration has explicitly identified as central to its domestic resource strategy through executive action, and whose vast mineral endowment remains one of the most underutilized strategic advantages in the American critical minerals landscape.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts polymetallic volcanogenic massive sulfide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods._______________________________________________________________________¹ Wood Mackenzie, "High-Wire Act: Is Soaring Copper Demand an Obstacle to Future Growth?" (October 2025). woodmac.com/press-releases/soaring-copper-demand-an-obstacle-to-future-growth/ ² S&P Global, "Copper in the Age of AI: Challenges of Electrification" (January 2026). spglobal.com/en/research-insights/special-reports/copper-in-the-age-of-ai Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding predicted outcomes and benefits of the Covered Project designation under the FAST-41 program; expectations regarding future demand for copper; completion and results of the Environmental Impact Statement; anticipated economic benefits of the development of the Arctic Project; and perceived merit of the properties are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-announces-acceptance-of-alaskas-high-grade-arctic-copper-zinc-lead-gold-silver-project-into-the-fast-41-federal-permitting-program-302773296.htmlSOURCE Trilogy Metals Inc. Original: Trilogy Metals Announces Acceptance of Alaska's High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project into the FAST-41 Federal Permitting Program

Trilogy Metals Announces Election of Directors and Voting Results from the 2026 Annual Meeting of ShareholdersMay 14, 2026 6:30 AM
PR Newswire (US) VANCOUVER, BC, May 14, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") announced today the detailed voting results on the items of business considered at its Annual Meeting of Shareholders ("Meeting") held in Vancouver on Wednesday, May 13, 2026. All proposals were approved and the nominees listed in the management proxy circular for the Meeting were all elected as directors. A total of 108,434,019 or 62.84% of the Company's issued and outstanding shares eligible to vote were represented at the Meeting. Shareholder Voting ResultsThe Shareholders voted on the following matters at this year's Meeting. Other than Proposal 1, which represents votes by ballot, the results presented below represent votes according to proxies received.Proposal 1: Election of DirectorsNomineeVotesFor% VotesForVotes
Withheld% VotesWithheldTony Giardini72,071,85499.63266,1450.37James Gowans71,784,23199.23553,7680.77William Hayden62,120,70485.8810,217,29514.12William Iggiagruk Hensley61,727,84485.3310,610,15514.67Gregory Lang62,351,92586.209,986,07413.80Janice Stairs61,889,90485.5610,448,09514.44Diana Walters61,936,03085.6210,401,96914.38Proposal 2: Appointment of AuditorsVotes For% Votes ForVotes Withheld% Votes Withheld108,120,60599.71313,4120.29Proposal 3: Non-Binding Advisory Vote on Executive CompensationVotes
For% Votes
ForVotes
Against% Votes
AgainstVotes
Abstaining% Votes
Abstaining68,382,00394.533,396,7854.70559,2090.77Detailed results of all items of business are also available in the Report of Voting Results filed under the Company's SEDAR+ profile at www.sedarplus.ca and on the Form 8-K filed under the Company's EDGAR profile at www.sec.gov.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts polymetallic volcanogenic massive sulfide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods. View original content to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-announces-election-of-directors-and-voting-results-from-the-2026-annual-meeting-of-shareholders-302771813.htmlSOURCE Trilogy Metals Inc. Original: Trilogy Metals Announces Election of Directors and Voting Results from the 2026 Annual Meeting of Shareholders

Bear Trap on 8 May 2026. The latest mode/pattern on that date.
Double Top also could be bearish an a breakdown depending on a declining curve. But what I posted was a breakout & not a breakdown. Head & Shoulders form/pattern could lead to a fall in price in a declining market. Volume is an important factor in price change depending on the market environment.

Fyi, Chart patterns keep changing based on the trading dynamic of share price as a result of trading based on Demand and Supply in Volume and Price relationship. Trading is a dynamic process. GLTY

JJ8......... Be more specific on a Double Top BREAKOUT....... I was under the impression that a Double Top was Bearish, like a M.......... NOT AN UP BREAKOUT.............

Trilogy Metals Welcomes Federal Transfer of Dalton Utility Corridor Lands to the State of Alaska, Highlights Positive Implications for Ambler Mining DistrictMay 7, 2026 6:30 AM
PR Newswire (US) VANCOUVER, BC, May 7, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") today welcomed the U.S. Department of the Interior's ("DOI") decision to transfer approximately 1.4 million acres of federal land within Alaska's Dalton Utility Corridor to the State of Alaska, marking a significant step toward advancing responsible resource development in the Ambler Mining District.The land transfer is part of a broader series of federal actions affecting the corridor, centered on the issuance of Public Land Order 7966, which partially revoked Public Land Order 5150 ("PLO 5150"). Originally established in the early 1970s, PLO 5150 created a utility and transportation corridor – a protected strip of federal land intended to support development of the Trans-Alaska Pipeline and the Dalton Highway. By withdrawing millions of acres from public entry and state selection, PLO 5150 reduced the potential for conflicting land claims during infrastructure development. Recent policy changes have now reopened portions of the corridor to selection, facilitating the conveyance of these lands to the State of Alaska to help satisfy its remaining entitlements under the Alaska Statehood Act, and enabling Alaska to assume ownership and management of significant portions of the corridor."This is an important and constructive development for Alaska and for the future of domestic mineral production," said Tony Giardini, President and CEO of Trilogy. "Transferring these lands to state control helps create a more stable and predictable framework for infrastructure development, including projects like the Ambler Road, which is critical to unlocking the significant mineral potential of the Ambler Mining District."The Dalton Utility Corridor has long been recognized as a strategic infrastructure route, paralleling existing energy and transportation systems such as the Trans-Alaska Pipeline and Dalton Highway. The corridor also overlaps with the proposed Ambler Road (or Ambler Access Project), a 211-mile, industrial-use-only road from the Ambler Mining District to the Dalton Highway designed to provide access to potentially one of the most prospective undeveloped mineral belts in North America, rich in copper, cobalt, zinc, and other critical minerals.By shifting management of these lands from federal agencies to the State of Alaska, the transfer is expected to reduce regulatory complexity and enhance coordination for future permitting and right-of-way approvals.The Ambler Mining District represents a significant opportunity to strengthen U.S. supply chains for critical minerals essential to energy transition technologies, national security, and economic growth. Infrastructure access remains a key prerequisite for advancing exploration and development activities in the district.For further information, see the DOI's announcement at https://www.doi.gov/pressreleases/interior-transfers-14-million-acres-dalton-utility-corridor-state-alaska.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts polymetallic volcanogenic massive sulfide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding predicted outcomes and benefits of the federal land transfer to the State of Alaska; anticipated economic benefits of the development of the Ambler Mining District and the Ambler Road; and perceived merit of the properties are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law. View original content:https://www.prnewswire.com/news-releases/trilogy-metals-welcomes-federal-transfer-of-dalton-utility-corridor-lands-to-the-state-of-alaska-highlights-positive-implications-for-ambler-mining-district-302765029.htmlSOURCE Trilogy Metals Inc. Original: Trilogy Metals Welcomes Federal Transfer of Dalton Utility Corridor Lands to the State of Alaska, Highlights Positive Implications for Ambler Mining District

Double Top Breakout on 6 May 2026. GLTA

Double Top Breakout on 6 May 2026. GLTA

Double Top Breakout on 6 May 2026. GLTA

Double Top Breakout on 30 Apr 2026.
At Close $4.42 UP +$0.44 (+11.06%). GLTA

Ascending Triple Top Breakout on 22 Apr 2026. GLTA

TMQ is a great copper play as copper is needed more then most Know !

Trilogy Metals Announces Commencement of Permitting for High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project in AlaskaApril 21, 2026 5:00 PM
PR Newswire (US)

Fully Funded Exploration and Development Field Program by Ambler Metals Anticipated to Commence in MayIndependent Economic Impact Study Highlights Arctic's Substantial Benefits to Alaska and the Northwest Arctic RegionAll amounts are in United States dollars unless otherwise stated.VANCOUVER, BC, April 21, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") announced today that Ambler Metals LLC ("Ambler Metals"), its 50/50 joint venture with South32 Limited ("South32"), has commenced the permitting process for the Arctic Project (the "Arctic Project" or "Arctic"), part of the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska's Ambler Mining District. Arctic is one of the highest-grade, undeveloped open-pittable copper deposits in the world, with an estimated average grade of approximately 5% copper equivalent1,2, bolstered by material precious metals by-product credits.Ambler Metals has submitted an application for a Clean Water Act Section 404 permit with the U.S. Army Corps of Engineers ("USACE"), thereby initiating federal permitting for mine development and operations at Arctic. In addition to this application submission, Ambler Metals plans to request an eligibility review for coverage under the Title 41 of the Fixing America's Surface Transportation Act program ("FAST-41"), administered by the Federal Permitting Improvement Steering Council. FAST-41 coverage would provide a comprehensive, integrated permitting timetable and bring greater transparency to the project through the federal Permitting Dashboard.Tony Giardini, President and CEO of Trilogy, commented: "Requiring a Section 404 permit from the USACE under the Clean Water Act streamlines the Arctic Project's federal permitting pathway. All other significant permits are issued at the state and local levels, concentrating federal review into a single, well-defined process while maintaining rigorous environmental oversight."By potentially leveraging the FAST-41 program, the Arctic Project benefits from a level of inter-agency coordination and timeline accountability that was historically unavailable to large-scale resource developments. This process transforms often fragmented federal reviews into a synchronized, transparent schedule, providing our stakeholders with a clear window into the permitting roadmap. For Trilogy, FAST-41 coverage means that achieving regulatory milestones is supported by a predictable and transparent path toward project financing and construction."An independent economic impact analysis prepared by McKinley Research Group ("MRG")3 confirms what we have long believed – the Arctic Project is a generational economic opportunity for Alaska and particularly for Northwest Arctic communities. The study estimates that Arctic mine construction and operations will support up to 870 jobs statewide, generate more than $31 million in annual state taxes and fees, and deliver meaningful revenue to NANA Regional Corporation through royalties and preferential shareholder employment. Perhaps most importantly, the Ambler Access Project road has the potential to reduce transportation costs for remote Alaska Native villages by up to $3.4 million per year, cutting heating fuel transportation costs by as much as 70% and reducing the cost of building a home in the Upper Kobuk region by nearly 40%. These are tangible, life-changing benefits for communities that face some of the highest costs of living in the United States."We are also excited to kick off the 2026 summer field season next month to conduct geotechnical and exploration drilling, along with general camp maintenance and capital improvements to support future programs. This field season is particularly important as it will allow Ambler Metals to carry out engineering, environmental, and technical work required to support a final investment decision to advance this critical minerals asset toward production."It's important to note that Arctic is just the first phase for this multi-generational American mining district. There are currently 30 known volcanogenic massive sulfide ("VMS") occurrences across this highly prospective and under-explored mineral belt. Arctic's strong cash-flow potential at spot metal prices will be the key to unlocking the district, and we fully expect exploration and development efforts to ramp up in the coming years across the UKMP, including at the high-grade Bornite copper-cobalt project ("Bornite"). The future looks extremely promising for one of the most strategic and mineral-rich districts in the United States."Fully Financed Ambler Metals Field Program to Commence in May; Expected to Advance Arctic Towards Construction Decision and Prepare for Accelerated District-Wide Exploration in 2027Ambler Metals is finalizing plans for the 2026 field season, and camp and drill mobilization by the end of May. The fully financed field campaign, part of Ambler Metals' $35-million 2026 budget, is expected to include 40 to 45 drill holes aimed at advancing final engineering plans for Arctic mine development. The program will also focus on re-establishing the exploration camp at the Bornite deposit, with the intention of ramping up exploration and development activities at the site in 2027, as well as commencing district-wide drill target assessments that will underpin future regional exploration programs across the mineral belt.The drill campaign at Arctic is targeting at least 5,650 meters, with a focus on geotechnical and hydrogeological sites to underpin mine design and support permitting. Some of these drill holes will be extended to test deeper exploration targets that are located along the favourable Arctic mineral horizon. These exploration targets are within 3 to 4 kilometers (2 to 2.5 miles) of the Arctic deposit and include airborne electromagnetic (VTEM and ZTEM) anomalies that are potentially related to VMS mineralization.  Field work at the Bornite camp will mainly focus on preparing the site for accelerated exploration and development activities in the coming years. Bornite is a carbonate-hosted copper-cobalt deposit approximately 25 kilometers (15 miles) southwest of the Arctic Project (see Figure 1), which is forecasted to produce 1.9 billion pounds of copper over a 17-year mine life4,5 and has the potential to extend copper mining activities to over 30 years. Bornite has characteristics similar to a series of districts and deposits, including the Mount Isa district in Australia, the Tynagh deposit in Ireland, the Kipushi deposit in the Democratic Republic of the Congo, and the Tsumeb deposit in Namibia.Finally, the field program will include regional exploration work to advance known mineral occurrences and targets along the broader UKMP, with the intention of preparing targets for potential drilling in 2027. The mineral belt hosts numerous historic VMS mineral occurrences and electromagnetic anomalies that demonstrate high prospectivity for future discovery, which will be the focus of future regional exploration campaigns across the 100-kilometer-long (60-mile-long) VMS belt.Independent Economic Impact Study Highlights Arctic's Substantial Benefits to Alaska and the Northwest Arctic RegionAn independent economic impact analysis prepared by MRG for Ambler Metals quantifies the broad economic contributions of developing the Arctic Project and establishing surface transportation access to the Ambler Mining District. The study draws on the Arctic Feasibility Study, regional socioeconomic data, and peer benchmarking against Teck Resources Limited's Red Dog Mine, which has operated on NANA lands in Northwest Alaska since 1989.Key findings from the MRG study include:Construction-phase employment and wages: Arctic mine construction is expected to directly support an annual average of 500 workers over a three-year period, with a peak workforce of approximately 650, and cumulative direct wages of approximately $160 million. Including indirect and induced multiplier effects, construction activity is estimated to support an average of 750 jobs annually and cumulative wages of approximately $220 million across Alaska.Operations-phase employment and wages: Over the 13-year mine life as contemplated in the Arctic Feasibility Study, operations are expected to directly create approximately 430 jobs paying approximately $60.2 million in annual wages, and to support approximately 870 total jobs and approximately $89.8 million in annual wages statewide when indirect and induced effects are included.NANA shareholder hires and royalties: Consistent with Red Dog Mine benchmarks, the Arctic mine is expected to employ approximately 230 NANA shareholders annually under a preferential hiring framework. Under the existing Exploration Agreement and Option to Lease, NANA is entitled to a 1% net smelter royalty, expected to total approximately $85.7 million over the mine life using Feasibility Study metal price assumptions. NANA also retains the option to acquire a 16% to 25% direct interest in Arctic, or alternatively to receive a 15% net proceeds royalty estimated at approximately $400 million to $570 million cumulatively over the mine's operating life.Regional economic impacts: Within the Northwest Arctic Borough ("NWAB"), Arctic mine construction is expected to support an average of approximately 160 regional jobs and cumulative wages of approximately $50 million, and mine operations are expected to support approximately 160 regional jobs and approximately $20 million in annual wages across the 13-year mine life.State and local government revenue: Arctic production is expected to generate approximately $31.3 million in annual Alaska state taxes and fees, including Alaska Mining License Tax and Alaska Corporate Net Income Tax. Ambler Metals expects to negotiate a payment-in-lieu-of-tax agreement with the NWAB, consistent with the existing Red Dog Mine framework, which currently provides approximately 80% of total Borough revenue.Cost-of-living benefits for Alaska Native communities: Construction of the Ambler Access Project road, together with spur road connections, is estimated to deliver annual transportation cost savings of up to approximately $3.4 million across the Upper Kobuk and Koyukuk River communities of Ambler, Kobuk, Shungnak, Alatna, and Allakaket under a year-round gravel spur scenario. The MRG study estimates that surface access could reduce heating fuel transportation costs by approximately 70% per gallon and reduce material transportation costs on a typical single-family home in the Upper Kobuk region by approximately $287,000, a reduction of nearly 40% in total construction costs.A copy of the full MRG economic impact report is available on the Ambler Metals website. The figures summarized above are presented as reported in the MRG study and reflect the Arctic Feasibility Study (January 20, 2023) assumptions; readers are cautioned that actual economic outcomes will depend on, among other things, permitting timelines, final investment decisions, and metals price realizations, and may differ materially from the estimates presented.Qualified PersonsRichard Gosse, P.Geo., Vice President Exploration for Trilogy Metals Inc., is a Qualified Person as defined by National Instrument 43-101 – Standard of Disclosure for Mineral Projects and Subpart 1300 of Regulation S-K. Mr. Gosse has reviewed the technical information in this news release and approves the disclosure contained herein.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts polymetallic VMS deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the anticipated timing of permitting at Arctic; timing, commencement and planned undertakings of the 2026 field program; results of the 2026 field program; assumptions, predicted outcomes and results of the MRG study; anticipated economic and social benefits of the development of the Arctic; and perceived merit of the properties are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.
_______________________________________
1 Arctic Project NI 43-101 Technical Report and Feasibility Study (January 20, 2023) (the "Arctic Feasibility Study").
2 Copper equivalent grades are calculated using metal prices, recoveries, and payabilities and are based on Probable Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. For a full list of the assumptions used to calculate the copper equivalent grade, please see the Arctic Feasibility Study.
3 AMBLER MINING DISTRICT Economic Impact Analysis, November 2024, prepared by McKinley Research Group, LLC.
4 Technical report entitled "NI 43- 101 Technical Report on the Preliminary Economic Assessment of the Bornite Project, Northwest Alaska, USA" with an effective date of January 15, 2025 (the "Bornite Report").
5 Mineral Resources for the Bornite Project are reported in accordance with NI 43-101 and consist solely of Inferred Mineral Resources (208.9 million tonnes grading 1.42% copper, containing approximately 6.5 billion pounds of copper). See the Bornite Report for additional information, including details with respect to grade, quantity and metal or mineral content.





View original content to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-announces-commencement-of-permitting-for-high-grade-arctic-copper-zinc-lead-gold-silver-project-in-alaska-302749268.htmlSOURCE Trilogy Metals Inc.

Original: Trilogy Metals Announces Commencement of Permitting for High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project in Alaska

In Ascending Triple Top Breakout mode since 15 Apr 2026. GLTA

Trilogy Metals Reports First Quarter Fiscal 2026 Results and Provides Update on U.S. Federal Strategic Investment and Project AdvancementApril 2, 2026 4:30 PM
PR Newswire (US)

VANCOUVER, BC, April 2, 2026 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") announces its financial results for the first quarter ended February 28, 2026, and provides an update on the U.S. federal strategic investment, project advancement at the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska, and the broader regulatory and policy environment supporting domestic critical minerals development. Details of the Company's financial results are contained in the interim unaudited consolidated financial statements and Management's Discussion and Analysis which will be available on the Company's website at www.trilogymetals.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated.Financial and Operational HighlightsStrong cash balance of $47.8 million as at February 28, 2026, providing significant financial flexibility.Continued advancement of the approximately $35.6 million U.S. federal strategic investment, reflecting the strategic importance of the UKMP to domestic critical mineral supply chains; the binding letter of intent with the U.S. Department of War ("DOW") provides for an investment of approximately $35.6 million, $17.8 million of which is payable to the Company to acquire common shares of the Company (the "Common Shares") and warrants of the Company (the "Warrants") and $17.8 million of which is payable South32 to acquire previously issued Common Shares and a call option to acquire previously issued Common Shares, subject to satisfaction of applicable conditions.Expanded senior management and operational capacity at Ambler Metals LLC ("Ambler Metals"), the Company's 50/50 joint venture with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32"), including four new appointments, to support the 2026 work program and accelerate permitting and technical activities.U.S. Department of the Interior opened approximately 2.1 million acres to mineral entry through Public Land Order 7966, including federal lands along the Ambler Access Project (or "Ambler Road") corridor, removing future uncertainty over land status.U.S. Interior Secretary indicated the White House is actively considering participating in Ambler Road financing, potentially as an equity partner, reinforcing the federal government's commitment to critical mineral infrastructure in Alaska.2026 field season preparations underway for the approved $35 million Ambler Metals work program, including geotechnical and condemnation drilling at Arctic and reopening of the Bornite camp for multi-year exploration use.Annual General Meeting scheduled for May 13, 2026 in Vancouver, British Columbia.Tony Giardini, President and CEO of Trilogy Metals, commented: "The first quarter of fiscal 2026 has been a period of accelerating execution across all fronts. We are building the organizational capabilities at Ambler Metals needed to advance the UKMP through its next development phases, while the U.S. federal government continues to demonstrate strong and tangible support for domestic critical mineral production. The opening of approximately 2.1 million acres along the Ambler corridor and public statements by the Interior Secretary regarding potential federal participation in road financing represent meaningful progress toward de-risking the access infrastructure for the project. With our 2026 field program fully funded, our Ambler Metals team in place, and permitting preparations advancing, we are well positioned for a productive year."Selected ResultsThe following selected financial information is prepared in accordance with U.S. GAAP.

in thousands of dollars, except per share amount

Three months ended





February 28, 2026

February 28, 2025

Change



$

$

$
Exploration expenses

25

—


25
General and administrative

567

343


224
Investor relations

68

16


52
Professional fees

311

447


(136)
Salaries

616

207


409
Salaries and directors expense – stock-based compensation

3,096

2,230


866
Share of loss on equity investment

1,343

581


762
Loss on derivatives carried at fair market value

1,514

—


1,514
Interest and other income

(419)

(190)


(229)
Comprehensive loss for the period

(7,063)

(3,623)


(3,440)
Basic and diluted loss per common share

(0.04)

(0.02)


(0.02)
For the three-month period ended February 28, 2026, the Company reported a net loss of $7.1 million compared to a net loss of $3.6 million for the three-month period ended February 28, 2025. The increase in net loss is primarily driven by two non-cash items: i) the mark-to-market fair value adjustment of $1.5 million for the derivative liability related to the Company's obligation to issue Common Shares and Warrants to the DOW; and ii) stock-based compensation charges as a result of the annual grant with higher Black-Scholes values in the current year compared with the prior year. The loss is also impacted by an increase in activity at Ambler Metals which resulted in a larger amount for the Company's share of loss on the equity investment and an increase in personnel costs due to the addition of senior staff. Corporate and Project ActivitiesCorporate and Strategic DevelopmentsDuring the quarter, the Company continued to expand its corporate and joint venture capabilities. At the corporate level, additions in strategic advisory, corporate development, investor relations, and communications are supporting increased oversight of joint venture activities, strengthened stakeholder engagement, and the Company's ability to advance long-term strategic initiatives. On February 23, 2026, Ambler Metals announced four senior appointments: Michael Galicki as VP Exploration, Cole Schaeffer as VP Human Resources, Community and Partnerships, Jenna Tan as VP Finance, and Ron Rimelman as Senior Director, Permitting. These appointments coincide with South32's increased personnel commitment to Ambler Metals and are intended to ensure the joint venture is well-resourced to advance the 2026 work program, including mine permitting preparations and field season activities.Significant progress was also achieved on the Ambler Access Project during the quarter. On February 25, 2026, the U.S. Department of the Interior issued Public Land Order 7966, which partially revoked prior land withdrawals and opened approximately 2.1 million acres to mineral entry along the Dalton Utility Corridor, including federal lands traversed by the proposed Ambler Road alignment. This action, together with the Alaska Industrial Development and Export Authority Right-of-Way permits executed in fiscal 2025, continues to de-risk the road permitting pathway. In March 2026, U.S. Interior Secretary Doug Burgum publicly indicated the White House is actively considering whether to participate in financing the Ambler Road, potentially as an equity partner, reinforcing the Administration's commitment to critical mineral supply chain infrastructure.During the same visit, Secretary Burgum also highlighted federal support for the Alaska LNG project, a proposed $44 billion natural gas pipeline and liquefaction facility that has received all required federal permits. The approximately 807-mile Alaska LNG pipeline would follow the Dalton Highway corridor, the same infrastructure spine from which the proposed Ambler Road originates. The Administration has framed both projects as complementary elements of its Alaska resource development and energy security strategy, with the Dalton Corridor land order revocations explicitly benefiting both the Ambler Road and the Alaska LNG pipeline. The Company notes that the advancement of major energy infrastructure along the Dalton Corridor may enhance the long-term viability of the broader transportation and energy framework supporting the Ambler Mining District (see Figure 1 below).Budget and Operational OutlookThe Company has a 2026 fiscal year budget totaling $22.5 million, which is comprised of $5.0 million for corporate activities and $17.5 million for funding project activities at Ambler Metals. For the three-month period ended February 28, 2026, the Company recorded a net loss of $7.1 million, compared with a budgeted loss of $4.8 million. The variance was primarily driven by non-cash expenses that were not included in the budget, partially offset by lower than planned expenditures from Ambler Metals. During the quarter, the Company recorded a $1.5 million non-cash mark-to-market adjustment related to the derivative liability associated with its obligation to issue Common Shares and Warrants to the DOW. The Company also recognized $3.1 million of stock-based compensation expense associated with the current fiscal year's annual equity grant. These two non-cash expenses were not included in the budget and were partially offset by a favorable variance from the accounting for the equity investment in Ambler Metals, reflecting lower expenditures than budget due to slower than planned hiring of personnel at Ambler Metals.U.S. Federal Strategic Investment UpdateAs previously disclosed on October 6, 2025, Trilogy Metals entered into a binding letter of intent with the DOW for a strategic investment of approximately $35.6 million, comprising approximately $17.8 million into Trilogy Metals in exchange for 8,215,570 units (each unit consisting of one Common Share and three-quarters of a 10-year Warrant exercisable at $0.01 per share), and approximately $17.8 million to South32 for an equivalent number of Common Shares plus a call option. Upon closing, the DOW would hold approximately 10% of Trilogy Metals' outstanding Common Shares.On March 30, 2026, the parties amended the letter of intent to extend the deadline to May 31, 2026 to allow additional time for the completion of certain closing conditions, including the Foreign Ownership, Control, or Influence review.During the first quarter, the Company recorded a $1.5 million non-cash mark-to-market adjustment related to the derivative liability associated with the obligation to issue Common Shares and Warrants to the DOW. The derivative liability is expected to be resolved upon satisfaction of the applicable closing conditions.Liquidity and Capital ResourcesDuring the three-month period ended February 28, 2026, the Company used $2.7 million for operating activities and $2.5 million for investing activities, and raised $1.3 million in financing activities. Operating expenditures were driven primarily by corporate salaries, professional fees and annual regulatory filing fees with the U.S. and Canadian securities commissions. In addition, the Company contributed $2.5 million for its share of funding to Ambler Metals. These cash outflows were offset by $1.3 million in proceeds from financing activities, primarily from the Company's at-the-market equity program through which the Company may offer and issue up to $200 million of Common Shares from time to time pursuant to an equity distribution agreement dated November 7, 2025, and from the exercise of stock options.As at February 28, 2026, the Company had cash and cash equivalents of $47.8 million and adjusted working capital of $47.3 million, which are current assets less current liabilities excluding the derivative liability which will be settled by way of the issuance of Common Shares and Warrants. There is sufficient cash on hand to fund the Company's fiscal 2026 budget of $5.0 million and its share of Ambler Metals' fiscal budget of $17.5 million.Qualified PersonsRichard Gosse, P.Geo., Vice President Exploration for Trilogy Metals Inc., is a Qualified Person as defined by National Instrument 43-101 – Standard of Disclosure for Mineral Projects and Subpart 1300 of Regulation S-K. Mr. Gosse has reviewed the technical information in this news release and approves the disclosure contained herein.About Trilogy MetalsTrilogy Metals Inc. is a metals exploration and development company that holds a 50% interest in Ambler Metals LLC, which owns 100% of the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. The UKMP is located within the Ambler Mining District, one of the world's most prospective copper-dominant districts, hosting world-class polymetallic volcanogenic massive sulphide ("VMS") and carbonate replacement deposits. Exploration has focused on the Arctic VMS deposit and the Bornite copper-cobalt deposit.Ambler Metals operates under an agreement with NANA Regional Corporation, Inc., supporting responsible exploration and development in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer while respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, potential actions and effects resulting from the executive orders and statements from the U.S. Department of the Interior, Bureau of Land Management; anticipated activity with respect to Ambler Access Project, including but not limited to the Alaska LNG pipeline; the anticipated benefits of recent management appointments; the proposed strategic investment by the DOW; perceived merit of properties; the sufficiency of cash for the next twelve months; and the Company's plans to provide further updates and the timing thereof are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving our assumptions with respect to those uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.










View original content to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-reports-first-quarter-fiscal-2026-results-and-provides-update-on-us-federal-strategic-investment-and-project-advancement-302733228.htmlSOURCE Trilogy Metals Inc.

Original: Trilogy Metals Reports First Quarter Fiscal 2026 Results and Provides Update on U.S. Federal Strategic Investment and Project Advancement

Long Tail Up on 1 Apr 2026. GLTA

Trilogy Metals Announces Date of Annual Shareholders MeetingMarch 27, 2026 6:30 AM
PR Newswire (Canada)

VANCOUVER, BC, March 27, 2026 /CNW/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals" or the "Company") will hold its 2026 Annual General Meeting of the Shareholders ("AGM") on Wednesday, May 13, 2026 at 10:00 am Pacific Time at the office of the Company, Suite 901 - 510 Burrard Street, Vancouver, British Columbia.All current directors will stand for re-election at the AGM. Shareholders as of the record date of March 20, 2026 will be eligible to vote at the AGM. The Company's 2026 Management Information Circular (also called a proxy statement), which contains information about all director nominees and other items of business was filed today and is now available to the public. As always, we encourage you to vote your shares prior to the AGM.No presentations or updates on the Company's activities will be provided at the AGM. Any investor who would like further information on the items of business at the AGM or the Company's activities is welcome to contact us directly.Proxy Statement Filed with RegulatorsAdditional information about the AGM can be found in the Company's 2026 Management Information Circular (or proxy statement), which has been filed with the U.S. Securities and Exchange Commission ("SEC") and the Canadian securities regulatory authorities. The 2026 Management Information Circular is available on the Company's website at https://trilogymetals.com/investors/proxy-circular and on the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company's shareholders in connection with the AGM. The Company has filed its 2026 Management Information Circular with the SEC and Canadian securities regulatory authorities in connection with any such solicitation of proxies from the Company's shareholders. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT AND ALL OTHER DOCUMENTS FILED WITH THE SEC AND CANADIAN SECURITIES REGULATORY AUTHORITIES CAREFULLY AND IN THEIR ENTIRETY AS THEY WILL CONTAIN IMPORTANT INFORMATION.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, the date and time of the AGM, items of business at the AGM, the Company's plans to provide further updates and the timing thereof, and shareholder approval of the proposals brought forward at the AGM are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.



View original content:https://www.prnewswire.com/news-releases/trilogy-metals-announces-date-of-annual-shareholders-meeting-302726740.htmlSOURCE Trilogy Metals Inc.

Original: Trilogy Metals Announces Date of Annual Shareholders Meeting

$3.85 Looks sweet, bring it down to $3.00 per share!!!!!!!!!!!!!!!

That's it, keep BRINGING the price DOWN...... I am waiting to BUY...... What a deal, backed by the Federal Government, and getting the share price so cheap....... DOWN Baby DOWN.........

Double Top Breakout on 10 March 2026. GLTA

I am expecting a nice move, bulls wake up

Wow drip drip selling 1and 2 shares at a time, bears are working hard!

Bearish Signal Reversed since 23 Feb 2026. GLTA

Trilogy Metals Announces Expanded Management Team at Ambler Metals Joint Venture to Advance Upper Kobuk Mineral Projects in AlaskaFebruary 23, 2026 6:30 AM
PR Newswire (US)

VANCOUVER, BC, Feb. 23, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") announced today key management appointments at its 50/50 joint venture with South32 Limited ("South32") – Ambler Metals LLC ("Ambler Metals") – which is advancing exploration and development of the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska's Ambler Mining District.Tony Giardini, President and CEO of Trilogy, commented: "Michael Galicki and Cole Schaeffer bring exactly the expertise we need to advance the UKMP. Michael's proven success managing complex exploration programs in high-logistics North American environments positions us perfectly for this year's drilling season as we work to expand our resource base and test high-priority targets."Cole brings invaluable experience from both Alaska Native Corporations and Teck Resources Limited's Red Dog Mine, one of the world's largest zinc operations. His deep understanding of community engagement and operational requirements in Alaska's Arctic will be critical as we advance both the Arctic and Bornite deposits. Together, Michael and Cole strengthen our ability to unlock the full value of this world-class mining district."These appointments position Ambler Metals to deliver on critical near-term milestones. Jenna Tan brings the financial and commercial rigor we need as we advance toward an investment decision on the Arctic Project. Her experience leading South32's Hermosa project through feasibility and development gives us proven expertise in managing major mining ventures in the United States."Ron Rimelman's 40 years of mine permitting experience, including his leadership on the Donlin Gold project and work throughout Alaska, will be invaluable as we navigate the FAST-41 expedited federal permitting process. Together, Jenna and Ron provide the institutional knowledge and technical expertise needed to transform Ambler Metals from explorer to developer and position this venture as a premier domestic source of critical minerals."Michael Galicki has been appointed Vice President, Exploration, of Ambler Metals. He has more than 15 years of experience advancing mineral exploration programs across North America, focused on base and critical metals. Prior to joining Ambler Metals, Mr. Galicki held leadership roles with South32, where he led exploration operations, strategy and field execution across multiple jurisdictions, including remote, helicopter-supported exploration programs. He has also held exploration and geoscience leadership roles with Galore Creek Mining Corporation Joint Venture and Hunter Dickinson. Mr. Galicki holds a Master of Science in Economic Geology from Simon Fraser University and a Bachelor of Science (Honours) in Geology from Laurentian University. He is a registered Professional Geoscientist (P.Geo.) in British Columbia.Cole Schaeffer has been appointed Vice President, Human Resources, Community and Partnerships, of Ambler Metals. He has more than 25 years of leadership experience in mining, corporate management, government contracting and rural housing development in Alaska. Prior to joining Ambler Metals, he served as Manager of Human Resources at Teck Alaska, overseeing recruitment, training and development, and counseling services for approximately 800 employees. He also led Indigenous shareholder development initiatives and managed multimillion-dollar budgets and complex workforce programs at Teck. Mr. Schaeffer previously served as President and CEO of the Kikiktagruk Inupiat Corporation and Executive Vice President of Tikigaq Corporation.Jenna Tan has been appointed Vice President, Finance, of Ambler Metals. She has experience across major mining and resources companies in the United States and Australia in commercial strategy, corporate development and financial oversight. Her previous roles at South32 include Director of Finance for the Hermosa project in Arizona and Manager of Strategy and Performance, where she led investment evaluations, federal grant reporting, corporate planning and joint venture due diligence. Earlier in her career, she held senior finance, strategy and operational roles at Vale, Platinum Blasting Services, Peabody, BHP Mitsubishi Alliance and Ernst & Young. Ms. Tan holds a Bachelor of Commerce from the University of Melbourne, is a CPA and is a Graduate of the Australian Institute of Company Directors.Ron Rimelman has been appointed Senior Director, Permitting, of Ambler Metals. He has more than 40 years of experience in environmental review of natural resource projects throughout North America. Most recently, he served as Vice President of Environment, Health and Safety, and Sustainability for NOVAGOLD Resources where he oversaw the National Environmental Policy Act ("NEPA") review, and federal and state permitting for the Donlin Gold project. In this role, he was also involved in environmental planning for the Ambler Mining District from 2011 to 2013 before it was divested from NOVAGOLD. While in consulting, he co-led the third-party Environmental Impact Statement ("EIS") for expansion of the Red Dog Mine in Alaska. Mr. Rimelman also directed two NEPA reviews and Clean Water Act permitting of the Kensington Mine in Alaska, as well as assisting in the EIS for the tailings expansion at the Greens Creek Mine in Alaska. More broadly, his mine permitting experience extends to projects in Nevada, Idaho, Arizona, Colorado, New Mexico, Montana, Michigan, British Columbia, and Australia. Mr. Rimelman is a past President of the American Exploration and Mining Association, and has chaired its Environmental Committee for nine years; this work has involved significant national advocacy for advancing US critical mineral mining. He has a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology.About Trilogy MetalsTrilogy Metals Inc. is a metal exploration and development company that holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the UKMP in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District, which is one of the richest and most prospective copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper, zinc, lead, gold, and silver and carbonate replacement deposits that host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District – the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the anticipated benefits of recent management appointments; the anticipated timing of permitting, feasibility study and planned activities at the UKMP; the anticipated investment decision on the Arctic Project; and perceived merit of the properties are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.



View original content:https://www.prnewswire.com/news-releases/trilogy-metals-announces-expanded-management-team-at-ambler-metals-joint-venture-to-advance-upper-kobuk-mineral-projects-in-alaska-302693897.htmlSOURCE Trilogy Metals Inc.

Original: Trilogy Metals Announces Expanded Management Team at Ambler Metals Joint Venture to Advance Upper Kobuk Mineral Projects in Alaska

Trilogy Metals Reports Fiscal 2025 Year-End Results and Highlights Strategic U.S. Federal Support for Domestic Critical Minerals ProductionFebruary 17, 2026 6:30 AM
PR Newswire (US)

VANCOUVER, BC, Feb. 17, 2026 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") reports its financial results for the year ended November 30, 2025, and provides an update on strategic priorities as the Company advances the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska, held by Ambler Metals LLC, its 50/50 joint venture with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32").Fiscal 2025 marked a pivotal year for Trilogy, highlighted by a strategic investment commitment from the U.S. federal government, a strengthened balance sheet, and expanded leadership and advisory capabilities to support permitting and project advancement activities at Ambler Metals.Details of Trilogy's audited consolidated financial statements and Management's Discussion and Analysis are contained in its Annual Report on Form 10-K, which will be available on the Company's website at www.trilogymetals.com and under the Company's profiles on SEDAR+ and EDGAR. All amounts are in United States dollars unless otherwise stated.Financial and Operational HighlightsStrong cash balance of $51.6 million as at November 30, 2025, providing significant financial flexibility.$17.8 million strategic investment commitment from the U.S. federal government, reflecting the strategic importance of the UKMP to domestic critical mineral supply chains.Expanded senior leadership and advisory capacity to strengthen joint venture oversight and support project execution.Approval of 2026 $35 million budget for the Ambler Metals joint venture, aligned with permitting and development milestones to advance the Arctic copper-silver-zinc-lead-gold deposit towards production; targeting mine permit submissions in 2026, potentially leveraging federal expedited programs such as FAST-41.The Alaska Industrial Development and Export Authority ("AIDEA") executed Right-of-Way permits for the Ambler Access Project (or "Ambler Road"), formally re-establishing the federal authorizations required to advance the road project connecting the UKMP to the Dalton Highway.U.S. government to work in good faith to help facilitate financing required for the construction of the Ambler Road, in coordination with the State of Alaska.Plans to open the Bornite camp during the 2026 summer field season to conduct geotechnical and exploration drilling.Tony Giardini, President and CEO of Trilogy Metals, commented: "This has been a landmark year for Trilogy as we significantly strengthened our financial position while deepening alignment with key U.S. federal and state stakeholders focused on securing domestic supplies of critical minerals. The U.S. federal government's strategic investment commitment is an important validation of the long-term value of the Upper Kobuk Mineral Projects and their potential role in supporting a reliable and responsible North American supply of copper and other critical minerals."We ended the year with a strong cash position and expanded our leadership, advisory, and technical capabilities to ensure we are well prepared for increased permitting and project activity at Ambler Metals. With a fully funded 2026 exploration, development, and permitting program in place, our focus is firmly on execution and advancing the UKMP through the next critical stages of development in close collaboration with our partners, regulators, and local communities."Annual Financial ResultsThe following selected annual financial information is prepared in accordance with U.S. GAAP.in thousands of dollars,
except for per share amountsSelected financial resultsYear endedNovember 30, 2025$Year endedNovember 30, 2024$General and administrative 1,3301,218Investor relations16172Professional fees2,058923Salaries2,388927Salaries & directors' fees – stock-based compensation3,3363,520Share of loss on equity investment11,3922,636Loss on derivative carried at fair market value22,585-Comprehensive loss for the year(42,241)(8,587)Basic and diluted loss per common share(0.26)(0.05)
For the year ended November 30, 2025, Trilogy reported a net loss of $42.2 million (or $0.26 basic and diluted loss per common share) compared to a net loss of $8.6 million (or $0.05 basic and diluted loss per common share) in fiscal 2024.U.S. Federal Strategic Investment to Advance Development of Domestic Critical Mineral Resources at the UKMPOn October 6, 2025, Trilogy entered into a binding letter of intent with the U.S. Department of War for a conditional investment of approximately $17.8 million in exchange for 8,215,570 units at a price of $2.17 per unit, with each unit comprising of one common share of the Company (each, a "Common Share") and ¾ of a 10-year warrant. Each full warrant would be exercisable to acquire one Common Share at an exercise price of $0.01. The warrants would become exercisable following completion of construction of the Ambler Road.This transaction underscores growing U.S. government support for advancing responsible domestic sources of copper and other critical minerals, including zinc, silver, cobalt, and germanium.The Company has accounted for the U.S. government's support as a derivative financial instrument under the ASC 815-40 accounting standard. The Company recognized an initial liability of $8.2 million and a corresponding expense related to the government's proposed collaboration agreement, which was contributed to Ambler Metals, and as at November 30, 2025, the Company increased the derivative by $22.6 million. This represents the change in the fair value of the obligation to issue the Common Shares and warrants, and recognizes a corresponding loss for the period, which had no impact on cash. These accounting effects are expected to resolve upon satisfaction of the applicable conditions.In addition, salaries expense increased in fiscal 2025 from recording higher cash-based compensation compared with fiscal 2024, whereby a significant portion of executive compensation was settled in Common Shares, which resulted in higher share-based compensation expense in 2024. The loss for the year was also attributable to higher professional fees, including legal and regulatory costs related to the filing of base shelf prospectuses and at-the market ("ATM") programs. These cost increases were partially offset by higher income earned during the year.Strengthened Leadership and UKMP Joint Venture OversightWith mine permitting and project activity expected to accelerate at Ambler Metals, Trilogy has taken deliberate steps to augment its leadership, advisory, and technical capabilities to support execution and oversight of the joint venture.The 2026 work program represents a crucial year of progress for the UKMP as Ambler Metals prepares to initiate the mine permitting process for the Arctic Project, while continuing to advance the technical and organizational foundations required for future development.Ambler Metals is targeting mine permit submissions in 2026, potentially leveraging federal expedited programs such as FAST-41, subject to project readiness and continued engagement with stakeholders. FAST-41 is a U.S. federal framework designed to enhance coordination, transparency, and predictability for permitting critical infrastructure projects. The U.S. government will work collaboratively in good faith, in coordination with the State of Alaska, to include future UKMP permit applications in the FAST-41 process to expedite the mine permitting process.Engagement with local communities and regional stakeholders will remain a core focus, with continued emphasis on transparent communication, consultation, and long-term workforce planning.Trilogy expanded its senior management and advisory team following the announcement of the U.S. federal investment, coinciding with South32's increased personnel commitment to Ambler Metals. These actions are intended to ensure Trilogy is well-positioned to:Advance permitting for the Arctic Project.Support long-term technical and development planning.Deepen engagement with government, community, and stakeholder partners.Plan for future exploration efforts at Bornite and across the Ambler Mining District land package.Trilogy believes the strengthened team enhances the Company's ability to deliver long-term value as the UKMP advances through key development phases.Ambler Metals $35M Budget to Advance Exploration, Development, and Permitting ActivitiesA budget of approximately $35 million has been approved for Ambler Metals for fiscal 2026, of which Trilogy's share is $17.5 million. The activities at Ambler Metals will focus on re-staffing, initiating the permitting process for the Arctic Project, and progressing technical work necessary to support long-term development.Exploration activities in 2026 will focus primarily on the Arctic Project, including geotechnical and condemnation drilling to support mine design, infrastructure placement, and future production planning. Ambler Metals will also be preparing the Bornite Project camp for ongoing exploration and multi-year use. The joint venture plans to open the Bornite camp during the 2026 summer field season to conduct geotechnical and exploration drilling, along with general camp maintenance and capital improvements to support future programs.These programs represent important steps toward advancing the UKMP as a U.S.-based source of critical minerals.Strong Liquidity and Capital Resource PositionThe Company maintains a strong cash position of over $50 million, providing funding for ongoing operations and its share of future joint venture requirements.Qualified PersonsRichard Gosse, P.Geo., Vice President Exploration for Trilogy Metals Inc., is a Qualified Person as defined by National Instrument 43-101 - Standard of Disclosure for Mineral Projects. Mr. Gosse has reviewed the technical information in this news release and approves the disclosure contained herein.About Trilogy MetalsTrilogy Metals Inc. is a metals exploration and development company that holds a 50% interest in Ambler Metals LLC, which owns 100% of the Upper Kobuk Mineral Projects in northwestern Alaska. The UKMP is located within the Ambler Mining District, one of the world's most prospective copper-dominant districts, hosting world-class polymetallic volcanogenic massive sulphide ("VMS") and carbonate replacement deposits. Exploration has focused on the Arctic VMS deposit and the Bornite copper-cobalt deposit.Ambler Metals operates under an agreement with NANA Regional Corporation, Inc., supporting responsible exploration and development in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a premier North American copper producer while respecting subsistence livelihoods.Cautionary Note Regarding Forward-Looking StatementsThis news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, the proposed advancement of the Ambler Access Project, planned activities at the UKMP, collaboration and engagement with partners, regulators, and local communities, the outlook for 2026, the Company's anticipated budget for corporate activities and the Company's ability to fund its operations and the requirement for additional funding at Ambler Metals, U.S. federal government's potential role in supporting a reliable and responsible North American supply of copper and other critical minerals, mine permitting submissions and the timing thereof, the U.S. government working, in coordination with the State of Alaska, to include future UKMP permit applications in the FAST-41 process, anticipated benefits of management appointments, the Strategic Investment and the anticipated benefits thereof, the scope and timing of the activities at Ambler Metals, opening the Bornite camp and the timing thereof, and resource estimates, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.



View original content:https://www.prnewswire.com/news-releases/trilogy-metals-reports-fiscal-2025-year-end-results-and-highlights-strategic-us-federal-support-for-domestic-critical-minerals-production-302689216.htmlSOURCE Trilogy Metals Inc.

Original: Trilogy Metals Reports Fiscal 2025 Year-End Results and Highlights Strategic U.S. Federal Support for Domestic Critical Minerals Production

Rare earths rally as Trump moves toward $12 billion strategic minerals reserveFebruary 2, 2026 8:36 AM
IH Market News
Shares of rare earth and critical minerals producers jumped after reports that President Donald Trump is preparing a $12 billion plan to build a strategic stockpile of key minerals, aimed at cutting U.S. reliance on Chinese supply chains.USA Rare Earth rose 6.5%, while United States Antimony (AMEX:UAMY) advanced 7% and Critical Metals (NASDAQ:CRML) climbed 8% following news of the proposal, known as “Project Vault.” MP Materials (NYSE:MP), the largest U.S. producer of rare earths, gained 5.5%. Elsewhere, Ramaco Resources (NASDAQ:METC) added 2%, Trilogy Metals (AMEX:TMQ) increased 4%, and TMC the metals company (NASDAQ:TMC) jumped 6%.According to Bloomberg News, which cited senior administration officials speaking on condition of anonymity as the plan has yet to be formally announced, the initiative would pair $1.67 billion of private-sector funding with a $10 billion loan from the U.S. Export-Import Bank. The capital would be used to purchase and store critical minerals for use by American manufacturers.Modeled in part on the Strategic Petroleum Reserve, Project Vault would focus on accumulating materials such as gallium and cobalt, which are vital inputs for products ranging from smartphones and batteries to jet engines and other advanced technologies. The goal is to shield U.S. industry from supply disruptions and sharp price swings.The proposal underscores Trump’s broader push to reduce U.S. dependence on China, which currently dominates global mining and processing of rare earth elements and other critical minerals essential to the automotive, aerospace and energy industries.United States Antimony Corporation stock priceCritical Metals stock priceMP Materials stock priceRamaco Resources stock priceTrilogy Metals stock priceTMC stock price

Original: Rare earths rally as Trump moves toward $12 billion strategic minerals reserve

High Pole Warning on 27 Jan 2026. GLTA
We shall see. C'est La Vie.

In Ascending Triple Top Breakout mode since 21 Jan 2026. GLTA

Ascending Triple Top Breakout on 14 Jan 2026. GLTA

Double Top Breakout on 12 Jan 12 2026. GLTA

Low Pole Reversal on 2 Jan 2026. GLTA

In Double Bottom Breakdown since 26 Dec 2025. BLTA