Trilogy Metals updates on US$35.6M strategic equity investment from U.S. Department of War

Trilogy Metals Inc.

U.S. Department of War to invest ~US$35.6M in Trilogy Metals for exploration and development of Upper Kobuk Mineral Projects in Alaska.
Discussions with DOW continue; letter of intent signed in October 2025 remains in effect.
The investment is a strategic equity investment to advance the UKMP in northwestern Alaska.

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