Trilogy Metals Announces Date of the Annual Shareholders Meeting
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Trust | Respect | Integrity
News Release
Trilogy Metals Announces Date of the Annual Shareholders Meeting
March 29, 2022 - Vancouver, British Columbia – Trilogy Metals Inc. (TSX / NYSE
American: TMQ) ("Trilogy Metals” or "the Company”) will hold the Company’s 2022 Annual
General Meeting of the Shareholders (“AGM”) on Friday, May 13, 2022 at 10:00 am Pacific
Time at the office of the Company, Suite 1150, 609 Granville Street, Vancouver, British
Columbia.
All current directors will stand for re-election at the AGM. Other items of business include the
approval of amendments to , and unallocated entitlements under, the Company’s Restricted
Share Unit Plan (“RSU Plan”) and Deferred Share Unit Plan (“DSU Plan”) . The Company is
asking shareholders to approve a change to the RSU Plan to remove the option for the
Company to cash settle RSUs granted to Canadian resident directors due to potential Canadian
tax restrictions. The Company is asking shareholders to app rove a change to the DSU Plan
to allow directors to elect to receive up to 100% of their annual compensation in DSUs. Both
these amendments will provide the Company flexibility to pay our directors fees in the form
of stock in an effort to preserve cash a nd build share ownership . All of our directors have
indicated a willingness to receive their entire 2022 compensation in equity. The Company is
also looking at other opportunities to reduce its cash spend for the year and will provide a
further update when we release our quarterly financial results in April.
Shareholders as of the record date of March 16, 2022 (“Record Date”) will be eligible to vote
at the AGM. The Company’s 2022 Management Information Circular, which contains
information about all director nominees and the amendments to the RSU and DSU Plans was
filed today and is now available to the public. As always, we encourage you to vote your
shares prior to the AGM.
No presentations or updates on the Company’s activities will be provided at the AGM. The
Company’s most recent investor presentation ca n be found on our website at
www.trilogymetals.com. Any investor who would like further information on the items of
business at the AGM or the Company’s activities is welcome to contact us directly.
Proxy Statement Filed with Regulators
Additional information about the AGM can be found in the Company’s 2022 proxy statement,
which has been filed the U.S. Securities and Exchange Commission (“SEC") and the Canadian
securities regulatory authorities. The Management Information Circular is available on the
Company’s website at https://trilogymetals.com/investors/proxy-circular and on t he
Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov; and has
been mailed to all shareholders as of the Record Date.
The Company, its directors and certain of its executive officers are participants in the
solicitation of proxies from the Company’s shareholders in connection with the Company’s
2022 AGM. The Company has filed its definitive proxy statement with the SEC in connection
with any such solicitation of proxies from the Company’s shareholders. SHAREHOLDERS OF
TSX / NYSE American
Symbol: TMQ
2 Trust | Respect | Integrity
THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT AND ALL
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY AS THEY
WILL CONTAIN IMPORTANT INFORMATION.
About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development company which holds a 50 percent
interest in Ambler Metals LLC (“Ambler Metals”) which has a 100 percent interest in the Upper
Kobuk Mineral Projects (“UKMP”) in northwestern Alaska. On December 19, 2019 , South32
Limited, which is a globally diversified mining and metals company, exercised its option to
form a 50/50 joint venture with Trilogy to form Ambler Metals . The UKMP is located within
the Ambler Mining District which is one of the richest and most -prospective known copper -
dominant districts. It hosts world-class polymetallic v olcanogenic massive s ulphide (“VMS”)
deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits
which have been found to host high- grade copper and cobalt mineralization. Exploration
efforts have been focused on two deposits in the Ambler mining district - the Arctic VMS
deposit and the Bornite carbonate replacement deposit. Both deposits are located within land
package that spans approximately 1 72,636 hectares. The Company has an agreement with
NANA Regional Corporation, Inc., a Regional Alaska Native Corporation that provides a
framework for the exploration and potential development of the Ambler mining district in
cooperation with local communities. Our vision is to develop the Ambler mining district into a
premier North American copper producer.
Company Contacts
Patrick Donnelly
Vice President Corporate Communications & Development
604-638-8088 or 1-855-638-8088
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Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward -looking information” and "forward -looking statements”
(collectively "forward-looking statements”) within the meaning of applicable Canadian and United States
securities legislation including the United States Private Secur ities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, included herein, including, without limitation,
perceived merit of properties, the date and time of the AGM, the willingness of the Company’s director
to receive their compensation in equity, the Company’s plans to look for opportunities to reduce its cash
spend for the year and the Company’s plans to provide further updates and the timing thereof are
forward-looking statements. Forward-looking statements are frequently, but not always, identified by
words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and
similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should”
occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include the uncertainties involving our
assumptions with respect to the impact of the novel coronavirus (COVID -19) and other risks and
uncertainties disclosed in the Company’s Annual Report on Form 10-K for the year ended November 30,
2021 filed with Canadian securities regulatory authorities and with the United States Securities and
Exchange Commission and in other Company reports and documen ts filed with applicable securities
regulatory authorities from time to time. The Company's forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made. The Company assumes no obligation to
update the forwar d-looking statements or beliefs, opinions, projections, or other factors, should they
change, except as required by law.