VANCOUVER, BC, Dec. 17, 2025 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or "the Company") is pleased to announce the program and budget for Ambler Metals LLC, as well as the Company's corporate budget for 2026, reflecting a year focused on advancing the Ambler Mining District toward permitting, technical de-risking, and long-term development. All amounts are in US dollars. Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally ow ...

Tartisan Nickel Corp. Announces the Appointment of David Burga, P.Geo, as Geological AdvisorNovember 27, 2025 8:07 AM EST | Source: Tartisan Nickel Corp.Toronto, Ontario--(Newsfile Corp. - November 27, 2025) - Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce the appointment of David Burga, P.Geo., as a Geological Advisor to the Company.Mr. Burga is a Professional Geoscientist and a graduate of the University of Toronto. He is the P ...

Core Points - Trilogy Metals Inc. has provided an update on the Ambler Access Project, a proposed 211-mile road aimed at facilitating exploration and development in the Ambler Mining District, known for its rich copper-dominant polymetallic deposits [1][4] - The Alaska Industrial Development and Export Authority has executed Right-of-Way permits with federal agencies, re-establishing necessary federal authorizations for the road project [2][3] - The recent federal decision under the Alaska National Interest Lands Conservation Act has restored a 50-year right-of-way across federally managed lands, originally granted in 2020 [2] Company Overview - Trilogy Metals holds a 50% interest in Ambler Metals LLC, which owns the Upper Kobuk Mineral Projects in northwestern Alaska, located in a highly prospective copper-dominant district [5] - The Ambler Mining District features world-class polymetallic volcanogenic massive sulphide deposits containing copper, zinc, lead, gold, and silver, as well as high-grade copper and cobalt mineralization [5] - The company aims to develop the Ambler Mining District into a leading North American copper producer while respecting local subsistence livelihoods [5]

Core Viewpoint - Trilogy Metals Inc. reported its financial results for the second quarter ended May 31, 2025, highlighting a net loss and ongoing corporate activities, including the establishment of a Base Shelf Prospectus and an ATM Program for future capital raising [1][5][12]. Financial Results - For the three-month period ended May 31, 2025, the company reported a net loss of $2.2 million, an increase from a net loss of $1.8 million for the same period in 2024, primarily due to higher regulatory expenses and legal fees [8][9]. - For the six-month period ended May 31, 2025, the net loss was $5.8 million, compared to $5.4 million for the same period in 2024, driven by increased regulatory expenses and legal fees [9]. Corporate Activities - The Annual General Meeting (AGM) was held on May 13, 2025, where all nominated directors were elected with over 94% of votes in favor [2]. - The company established a Base Shelf Prospectus allowing for the future issuance of up to $50 million in securities and an ATM Program for selling up to $25 million in common shares [3][4]. Liquidity and Capital Resources - As of May 31, 2025, the company had cash on hand of $24.6 million and working capital of $23.8 million, sufficient to fund its approved fiscal 2025 cash budget of $3.1 million [11][12]. - The company utilized $1.4 million for operating activities during the six-month period, mainly for corporate salaries and professional fees [10]. Shareholder Engagement - The shareholders voted in favor of continuing the company's Restricted Share Unit Plan and Deferred Share Unit Plan during the AGM [2]. Exploration and Development - Trilogy Metals holds a 50% interest in Ambler Metals LLC, which has a 100% interest in the Upper Kobuk Mineral Projects in Alaska, focusing on copper-dominant mineral exploration [15][16].

Core Viewpoint - Trilogy Metals Inc. has initiated an at-the-market equity program allowing the distribution of up to US$25 million in common shares to fund the development of its Upper Kobuk Mineral Projects and for general corporate purposes [2][3]. Group 1: Equity Distribution Agreement - The company has entered into a distribution agreement with BMO Nesbitt Burns Inc. and Cantor Fitzgerald Canada Corporation for the ATM program [1]. - The Offered Shares will be sold at the prevailing market price at the time of sale, with no obligation for the company to sell any shares [2][3]. - The agreement will terminate either on May 14, 2027, or when the total gross sales reach US$25 million [3]. Group 2: Agents and Marketplaces - The U.S. Agents are restricted to selling shares only in the United States and cannot solicit offers in Canada, while Canadian Agents will operate solely in Canada [4]. - The ATM program is being conducted under a prospectus supplement filed with Canadian and U.S. securities commissions [5]. Group 3: Company Overview - Trilogy Metals holds a 50% interest in Ambler Metals LLC, which owns the Upper Kobuk Mineral Projects in Alaska, known for its rich copper-dominant deposits [8][9]. - The company aims to develop the Ambler Mining District into a leading North American copper producer while respecting local communities [9].

Core Points - Trilogy Metals Inc. held its Annual Meeting of Shareholders on May 13, 2025, in Vancouver, where all proposals were approved and nominees were elected as directors [1][2] - A total of 122,296,116 shares, representing 74.50% of the issued and outstanding shares eligible to vote, were represented at the meeting [1] Proposal Summaries - **Proposal 1: Election of Directors** - Tony Giardini received 99,486,993 votes (99.63% for) - James Gowans received 99,046,528 votes (99.19% for) - William Hayden received 99,277,655 votes (99.42% for) - William Hensley received 99,285,059 votes (99.43% for) - Gregory Lang received 94,042,296 votes (94.18% for) - Janice Stairs received 99,432,506 votes (99.58% for) - Diana Walters received 99,436,555 votes (99.58% for) [3] - **Proposal 2: Appointment of the Auditor** - 122,110,200 votes (99.85% for) were cast in favor of the appointment, with 183,915 votes (0.15% withheld) [4] - **Proposal 3: Approval of Restricted Share Unit Plan** - 97,738,217 votes (97.88% for) were in favor, with 1,734,107 votes (1.74% against) and 380,383 votes (0.38% abstaining) [5] - **Proposal 4: Approval of Deferred Share Unit Plan** - 97,718,577 votes (97.86% for) were in favor, with 1,749,193 votes (1.75% against) and 384,936 votes (0.39% abstaining) [6] - **Proposal 5: Approval of Executive Compensation** - 98,002,630 votes (98.15% for) were in favor, with 1,439,181 votes (1.44% against) and 410,896 votes (0.41% abstaining) [7] Company Overview - Trilogy Metals Inc. is a metal exploration and development company with a 50% interest in Ambler Metals LLC, which holds a 100% interest in the Upper Kobuk Mineral Projects in Northwestern Alaska [8] - The Upper Kobuk Mineral Projects are located in the Ambler Mining District, known for its rich copper-dominant deposits, including world-class polymetallic volcanogenic massive sulphide deposits [9] - The company aims to develop the Ambler Mining District into a premier North American copper producer while respecting local subsistence livelihoods [9]

Financial Results - For the first quarter ended February 28, 2025, the company reported a comprehensive loss of $3.6 million, consistent with the loss of $3.6 million for the same period in 2024 [3] - Total expenses for the quarter were $3.2 million, an increase from $2.8 million in the previous year, primarily due to higher professional fees [3] - Basic and diluted loss per common share remained at $(0.02) for both periods [3] Corporate and Project Activities - The company announced positive results from the Preliminary Economic Assessment (PEA) for the Bornite copper project, indicating a potential underground mining operation with a capacity of 6,000 tonnes per day and a mine life of 17 years [4] - The Bornite PEA estimates a pre-tax net present value (NPV) of $552 million and an internal rate of return (IRR) of 23.6% [5] - The company has a fiscal year 2025 cash budget of $3.1 million, with $0.8 million used in operating activities during the first quarter [5][6] Ambler Metals LLC - Ambler Metals LLC has a 2025 fiscal year budget of $5.8 million, with expenditures of $1.2 million in the first quarter for various operational costs [7] - The company is involved in the Ambler Mining District, which is known for its rich copper deposits and is supported by a joint venture with South32 [16] Regulatory Developments - Recent executive orders signed by President Trump aim to expedite resource development in Alaska, including the reinstatement of permits for the Ambler Road project [8][9] - The Department of Interior has initiated actions to facilitate the permitting process for mineral production projects, which is expected to benefit the Ambler Road project [10][11] Liquidity and Capital Resources - As of February 28, 2025, the company had $25.2 million in cash and cash equivalents, sufficient to fund its approved budget for the fiscal year [13] - Ambler Metals had $6.5 million in cash and equivalents, adequate to support its budget of $5.8 million for the year [14]