Trilogy Metals Shareholders Approve All Proposals at Annual Meeting

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) announced that shareholders approved all proposals at its annual meeting held on May 13, 2026. A total of 108.4 million shares, representing 62.84% of eligible outstanding shares, were represented at the meeting. Shareholders elected all nominated directors, approved the appointment of auditors, and passed the company's non-binding advisory vote on executive compensation. The full press release can be viewed at https://ibn.fm/ErJUi.

Trilogy Metals 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 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, as well as carbonate replacement deposits that 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.

The shareholder approval of all proposals is significant for the company's governance and strategic direction. With strong support from shareholders, Trilogy Metals can continue to advance its exploration and development activities in the Ambler Mining District. The company's focus on copper, a critical metal for the global energy transition, positions it to play a key role in supplying the materials needed for electric vehicles, renewable energy infrastructure, and other green technologies. The joint venture with South32 provides financial strength and operational expertise, enhancing the prospects for the UKMP project. For the latest news and updates relating to TMQ, visit the company's newsroom at https://ibn.fm/TMQ.