#Canada #Vancouver #Securities #Trilogy Metals #capital raising

Trilogy Metals Files Final Base Shelf Prospectus

On April 14, 2025, Trilogy Metals Inc., known as TMQ on the TSX and NYSE American, announced the successful filing of its final short-form base shelf prospectus with the securities commissions across all provinces and territories in Canada. In tandem with this, the company filed a corresponding shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC). This dual filing enables Trilogy to potentially raise up to $50 million through offerings of common shares, warrants, share purchase contracts, subscription receipts, and various other combinations of these securities.

Objective and Validity Duration

The primary goal of both the Canadian and U.S. filings is to streamline Trilogy Metals' access to capital during times of financial need and favorable market conditions. The Canadian prospectus will remain valid for a period of 25 months, while the U.S. registration statement will be effective for three years. This approach is seen as a strategic move to ensure the Company can adequately respond to its capital requirements as they evolve.

Offering Details

The specifics regarding the amounts, prices, and conditions of any future offerings will be established based on prevailing market conditions and detailed in accompanying prospectus supplements. Trilogy emphasizes that any future offerings will only occur through a formal prospectus and its supplements, ensuring legal compliance and transparency towards potential investors.

Cautions and Forward-Looking Statements

Trilogy Metals also included a cautionary note regarding forward-looking statements within their release. As defined by applicable Canadian and U.S. securities legislation, forward-looking statements include assertions that go beyond mere historical facts—encompassing anticipated developments, potential securities offerings, and the expected receipt of necessary regulatory approvals. The company acknowledges that these predictions entail inherent risks and uncertainties, emphasizing that actual results may deviate considerably from these forecasts.

Market Conditions Influence

The fluctuations in market conditions can significantly impact Trilogy's plans to issue securities and raise necessary funds. Such variability underscores the importance of maintaining flexibility in overall business strategy and operations. By situating itself within the framework of a base shelf prospectus, Trilogy aims to capitalize promptly on any favorable market opportunities that can ensure the company's growth and sustainability.

Access to Documentation

For interested investors or stakeholders, copies of both the final base shelf prospectus and the registration statement will be made available via the Company's profiles on SEDAR+ and EDGAR. Additionally, these documents can be requested directly from the Corporate Secretary's office located in Vancouver, British Columbia.

Conclusion

As Trilogy Metals navigates through complex market terrains, securing adequate funding through strategic filings in both Canadian and U.S. jurisdictions marks a crucial step in its operational roadmap. This proactive approach reflects the company’s commitment to flexibility and preparedness in an ever-evolving business landscape, ensuring that it remains well-positioned to seize future opportunities as they arise.