EX-99.1 2 ex991.htm NEWS RELEASE DATED AUGUST 3, 2026 Exhibit 99.1 Trilogy Metals Provides an Update on the Strategic Equity Investment by the U.S. Department of War VANCOUVER, BC, Aug. 3, 2026 /CNW/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company") is pleased to provide an update on the previously announced strategic equity investment by the U.S. Department of War (the "DOW") of approximately US$35.6 million to advance exploration and development of the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. Discussions with the DOW continue and the letter of intent signed in October 2025 remains in effect. U.S. Securities Act Disclaimer The 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 th…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Trilogy Metals Inc
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On August 3, 2026, Trilogy Metals Inc. issued a press release providing an update on the previously announced strategic equity investment by the United States Department of War. The press release is attached hereto as Exhibit 99.1.…
Company context
Trilogy 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.