{"schema_version":"secwatch.filing_event.v1","accession":"0001279569-25-001094","form_type":"8-K","ticker":"TMQ","cik":"0001543418","company_name":"Trilogy Metals Inc.","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.695843+00:00","generated_at":"2026-05-17T04:26:06.904767+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"U.S. Department of War invests ~$35.6M in Trilogy Metals for 10% stake and UKMP development","bullets":["DOW to purchase 8,215,570 units at $2.17/unit from Trilogy for ~$17.8M; each unit has one share and 3/4 warrant exercisable at $0.01 after Ambler Road construction.","DOW to pay ~$17.8M to South32 for 8,215,570 Trilogy shares and a 10-year call option on 6,161,678 shares at $0.01, exercisable after Ambler Road.","DOW will hold ~10% of Trilogy's outstanding shares; has right to appoint one independent director for three years.","Proceeds reinvested in Ambler Metals (50/50 JV) to advance Upper Kobuk Mineral Projects; closing depends on DPA reauthorization and FOCI review by March 31, 2026.","Trilogy agrees not to incur >$1B in third-party debt without DOW approval until Jan 1, 2029."],"urls":{"canonical":"https://secwatch.observer/filing/0001279569-25-001094","json":"https://secwatch.observer/filing/0001279569-25-001094.json","markdown":"https://secwatch.observer/filing/0001279569-25-001094.md","text":"https://secwatch.observer/filing/0001279569-25-001094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1543418/000127956925001094/0001279569-25-001094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1543418/000127956925001094/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:26:06.904767+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}