Trilogy Metals plans unregistered share sale tied to US Department of War US$ 35.6 million investment
TMQ•Proposed strategic equity investment
Trilogy Metals said it has updated investors on a proposed strategic equity investment by the U.S. Department of War worth about US$35.6 million.
The securities would be sold in a transaction not involving a public offering, with the shares not registered under the U.S. Securities Act.
Talks with the Department of War continue; a letter of intent signed in October 2025 remains in effect.
Proceeds are intended to advance exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska.
