Trilogy Metals Positioned to Address Global Copper Supply Challenges Through Alaska's Upper Kobuk Mineral Projects

Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) is strategically positioned to benefit from tightening copper supply-demand fundamentals through its 50% interest in one of North America's richest undeveloped copper districts. The company's high-grade resources, stable jurisdiction in Alaska, and strong joint venture partnership provide a solid foundation for future development as global copper demand continues to grow.

The company's prudent cash management, combined with flexible capital-raising tools through its Base Shelf Prospectus and ATM Program, enhances its ability to fund project advancement while minimizing shareholder dilution. This financial strategy becomes increasingly important as the global energy transition continues to reshape commodity markets, creating unprecedented demand for copper in renewable energy infrastructure, electric vehicles, and grid modernization projects.

Trilogy Metals holds its 50% interest through Ambler Metals LLC, which maintains a 100% interest in the Upper Kobuk Mineral Projects located in northwestern Alaska. The partnership with South32, a globally diversified mining and metals company that exercised its option to form a 50/50 joint venture with Trilogy on December 19, 2019, provides additional technical expertise and financial resources for project development. The UKMP is situated within the Ambler Mining District, recognized as one of the richest and most-prospective known copper-dominant districts globally.

The district hosts world-class polymetallic volcanogenic massive sulphide deposits containing copper, zinc, lead, gold, and silver, along with carbonate replacement deposits that feature high-grade copper and cobalt mineralization. Exploration efforts have concentrated on two primary deposits: the Arctic VMS deposit and the Bornite carbonate replacement deposit, both located within a land package spanning approximately 190,929 hectares. Additional information about the company's developments is available at https://ibn.fm/TMQ.

Ambler Metals has established 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. This partnership underscores Trilogy's commitment to developing the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods and environmental considerations.

The combination of grade, jurisdiction, and scale at the Upper Kobuk Mineral Projects positions Trilogy Metals to play a significant role in meeting the world's growing copper needs. As copper supply constraints become more apparent amid increasing demand from electrification and decarbonization initiatives, projects like those in the Ambler Mining District gain strategic importance for global supply chain security and the transition to cleaner energy systems.