Trilogy Metals Shareholders Approve All Proposals at Annual Meeting, Including Director Elections and Auditor Appointment

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) announced that shareholders approved all proposals at its annual meeting held on May 13, 2026. The company reported that 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 strong shareholder turnout and unanimous approval signal confidence in the company’s direction as it continues to advance its copper-focused projects in Alaska.

Trilogy Metals 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. The UKMP is located within the Ambler Mining District, described by the company as one of the richest and most-prospective known copper-dominant districts in the world. The district hosts polymetallic volcanogenic massive sulfide (VMS) deposits containing 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: the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both are located within a land package spanning approximately 190,929 hectares.

In December 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals, providing significant financial and technical support. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, which provides a framework for exploration and potential development 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 approval of all proposals at the annual meeting, including the election of directors and the advisory vote on executive compensation, indicates that shareholders are aligned with management's strategy. This is particularly important as the company moves forward with its exploration and development plans in a region known for its mineral potential but also for its complex logistical and environmental considerations. The strong shareholder support provides a stable foundation for the company to pursue its objectives, including advancing the Arctic and Bornite deposits toward feasibility studies and permitting.

For more details on the meeting results, the full press release is available at https://ibn.fm/ErJUi. The latest news and updates relating to Trilogy Metals can be found in the company’s newsroom at https://ibn.fm/TMQ.