Trilogy Metals signs definitive agreements for $35.6M U.S. War Dept investment

Trilogy Metals Inc.

DOW to invest ~$17.8M for 8,215,570 units at $2.17/unit; each unit = 1 share + 3/4 warrant (10-yr, $0.01 exercise).
DOW to pay ~$17.8M to South32 for 8,215,570 shares and 10-yr call option on 6,161,678 shares at $0.01.
Total ~$35.6M proceeds reinvested in Ambler Metals; DOW to hold ~10% of Trilogy post-close.
DOW gets board seat (until Oct 2028) and observer rights; Trilogy restricted from >$1B debt without DOW approval.
Expected close September 2026; FOCI review and Congressional authorization completed.

item 1.01 item 8.01 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.