• South32 cut its Trilogy Metals stake to 10,379,741 shares, or 6.0%, from 18,595,311 shares, or 10.7%.
• Disposal followed a US$35.6 million strategic equity investment by the U.S. Department of War, leaving it about a 10% shareholder.
• The Department of War gained a 10-year option to buy 6,161,678 shares from South32 at US$ 0.01 each.

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 PR Newswire (Ref. ID: 202609111643PR_NEWS_USPR_____VA46260) on September 11, 2026, and is solely responsible for the information contained therein.