FAQ: Trilogy Metals Inc. and Its Role in the Copper Market

What is Trilogy Metals Inc.?

Trilogy Metals Inc. is a mining company with a 50% joint venture interest in Ambler Metals, which controls Alaska’s high-grade Upper Kobuk Mineral Projects, one of the richest copper-dominant districts globally.

Why is the Upper Kobuk Mineral Projects significant?

The Upper Kobuk Mineral Projects are significant due to their high-grade copper deposits in Alaska, positioning them as a key resource in meeting the increasing global demand for copper, especially for clean energy technologies.

How is Trilogy Metals Inc. funded for its projects?

As of May 31, 2025, Trilogy Metals Inc. had $24.6 million in cash, with a Base Shelf Prospectus and a $25 million ATM Program in place for future funding flexibility.

What are the Arctic and Bornite deposits?

The Arctic and Bornite deposits are part of the Upper Kobuk Mineral Projects being developed by Ambler Metals, with ongoing exploration supported by agreements with local Alaska Native Corporations.

Why is copper demand expected to rise?

Copper demand is expected to rise sharply due to electrification, grid modernization, and the expansion of renewable energy, electric vehicles, and wind and solar capacity, as estimated by the International Energy Agency.

Who is involved in the Ambler Metals joint venture?

Ambler Metals is a joint venture between Trilogy Metals Inc., holding a 50% interest, and South32 Limited, a globally diversified mining company.

Where are the Upper Kobuk Mineral Projects located?

The Upper Kobuk Mineral Projects are located in northwestern Alaska’s Ambler Mining District.

What are the implications of Trilogy Metals Inc.’s projects for the energy transition?

Trilogy Metals Inc.’s projects are crucial for supplying the copper needed for clean energy technologies, supporting the global shift towards electrification and renewable energy sources.

How can investors stay updated on Trilogy Metals Inc.?

Investors can find the latest news and updates relating to Trilogy Metals Inc. in the company’s newsroom at ibn.fm/TMQ.

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