The Toronto Stock Exchange reports that Trilogy Metals Inc. will list additional common shares on the exchange. As stated in the prospectus supplement dated May 27, 2025, to the company's short form base shelf prospectus dated April 14, 2025, Trilogy Metals is issuing up to $25-million (U.S.) of shares to the public pursuant to the at-the-market (ATM) distribution procedures as defined by National Instrument 44-102, Shelf Distributions.

According to the TSX, the ATM sales will be made directly on the TSX, NYSE American LLC, or any other trading market for the shares in Canada or the United States, during the period commencing May 27, 2025, and ending on the earliest of: (i) May 14, 2027; (ii) the issuance and sale of all the shares subject to the equity distribution agreement dated May 27, 2025; and (iii) the termination of the distribution agreement. As a result of the ATM procedures, prices may vary as between purchasers and during the period of distribution.