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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 23, 2022
_______________________
Trilogy Metals Inc.
(Exact name of registrant as specified in its
charter)
_______________________
British Columbia |
001-35447 |
98-1006991 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
Suite 1150, 609 Granville Street
Vancouver, British Columbia
Canada, V7Y 1G5
(Address of principal executive offices, including
zip code)
(604) 638-8088
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):
☐ Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.24d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.23e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Shares |
TMQ |
NYSE American
Toronto Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure |
On November 23, 2022, the Company issued a press release providing an update
on the Ambler Access Project. The press release is attached hereto as Exhibit 99.1.
The information contained in the press release attached hereto is being
furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement
or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
TRILOGY METALS INC. |
|
|
|
Dated: November 23, 2022 |
By: |
/s/ Elaine Sanders |
|
|
Elaine Sanders, Chief Financial Officer |
Exhibit 99.1
Trilogy Metals Provides Update on the Ambler
Access Road Project's Supplemental Environmental Impact Statement
VANCOUVER, BC, Nov. 23, 2022 /CNW/ - Trilogy Metals
Inc. (TSX: TMQ) (NYSE: TMQ) ("Trilogy" or the "Company") is providing an update on the Ambler Access Project ("AAP")
– the proposed 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects ("UKMP") to the Dalton Highway
that will enable advancing exploration and development at the Ambler Mining District, home to some of the world's richest known copper-dominant
polymetallic deposits.
On November 15, 2022, the United States Bureau of
Land Management ("USBLM") submitted a status report in accordance with the Voluntary Remand dated May 17, 2022. The comment
period ended on November 4, 2022 for the scoping process of the Supplemental Environmental Impact Statement ("SEIS"). The purpose
of the SEIS is to further evaluate subsistence impacts to fish and caribou habitat and address the desire for additional tribal consultation.
The USBLM is now evaluating the scoping comments and determining whether additional impacts, if any, should be more thoroughly assessed.
A compilation of the substantive comments received will be assembled into a summary public scoping report and available on the USBLM website
for public review.
The USBLM currently anticipates publishing a draft
SEIS during the second quarter of calendar year 2023, which will be open for public comment upon publication. The USBLM also anticipates
publishing a final SEIS, conducting final pre-decision consultation with Alaska Native Tribes and Corporations, and issuing a Record of
Decision, all within the fourth quarter of calendar year 2023.
About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development
company that holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects in
Northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised its option to form a 50/50
joint venture with Trilogy. The UKMP is located within the Ambler Mining District, one of the richest and most-prospective known copper-dominant
districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide ("VMS") deposits that contain copper,
zinc, lead, gold and silver, and carbonate replacement deposits that 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 a land package that spans approximately 181,387 hectares. Ambler Metals has an agreement
with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development
of the Ambler Mining District in cooperation with local communities. Trilogy's vision is to develop the Ambler Mining District into a
premier North American copper producer while protecting and respecting subsistence livelihoods.
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 Securities Litigation Reform Act of
1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to
the permitting and construction of the AAP, the timing and benefits of the AAP, the anticipated timing of the draft SEIS, final SEIS and
Record of Decision, and the merits of the UKMP 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 whether the Alaska Industrial Development and Export Authority will build the AAP; the results of
the additional supplemental work on the FEIS resulting from the voluntary remand; the impact of the COVID-19 pandemic; success of
exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental
risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling
results and geological tests, unexpected cost increases 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 documents 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 forward-looking statements or beliefs, opinions, projections, or other factors, should they
change, except as required by law.
View original content:https://www.prnewswire.com/news-releases/trilogy-metals-provides-update-on-the-ambler-access-road-projects-supplemental-environmental-impact-statement-301685714.html
SOURCE Trilogy Metals Inc.
View original content: http://www.newswire.ca/en/releases/archive/November2022/23/c1168.html
%CIK: 0001543418
For further information: Tony Giardini, President & Chief Executive
Officer; Elaine Sanders, Vice President & Chief Financial Officer, 604-638-8088 or 1-855-638-8088
CO: Trilogy Metals Inc.
CNW 06:30e 23-NOV-22
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This regulatory filing also includes additional resources:
ex991.pdf
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