• U.S. Department of War investment would leave it holding about 10% of Trilogy on a non-diluted basis at closing.
• South32 stake disclosed at 18,595,311 shares, or about 10.7% non-diluted.
• Transaction would cut South32 holding to 10,379,741 shares, or about 6% non-diluted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trilogy Metals Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608281650CANADANWCANADAPR_C8621) on August 28, 2026, and is solely responsible for the information contained therein.