Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) joins Lithium Americas Stock Run with news of Strategic Investment by US Federal Government

Core Viewpoint - Trilogy Metals Inc. has announced a strategic investment from the U.S. Department of War to advance the exploration and development of its Upper Kobuk Mineral Projects, joining the recent market momentum seen by Lithium Americas [1][3]. Group 1: Investment Details - The U.S. Department of War will invest approximately $35.6 million in critical mineral resources at the Upper Kobuk Mineral Projects [4]. - The Department will acquire about 10% of Trilogy Metals through an investment of approximately $17.8 million for 8,215,570 units at a price of $2.17 per unit, with each unit consisting of one common share and 3/4 of a 10-year warrant [4][5]. - An additional $17.8 million will be paid to South32 for common shares of Trilogy Metals and a 10-year call option to acquire more shares at a price of $0.01 per share, exercisable after the completion of the Ambler Road construction [6]. Group 2: Strategic Commitments - Trilogy Metals and South32 will utilize the funds to further the exploration and development of the Upper Kobuk Mineral Projects [7]. - The Department of War will have the right to appoint one independent third-party director to Trilogy Metals' board for three years [7]. - Trilogy Metals agrees not to incur third-party indebtedness exceeding $1 billion without prior written approval from the Department of War until January 1, 2029 [7].