VANCOUVER, Sept. 8, 2016 /CNW/ - NovaCopper Inc.
(TSX, NYSE-MKT: NCQ) ("NovaCopper" or the "Company") announced
today that the Company has changed its corporate name to Trilogy
Metals Inc. and its shares will commence trading on the Toronto
Stock Exchange and the NYSE-MKT under the new name and ticker
symbol "TMQ" upon the opening of the markets today.
See the Company's new website at
www.trilogymetals.com.
NovaCopper has changed its corporate name to Trilogy Metals Inc.
("Trilogy") to better reflect the diversity of minerals at the
Company's 100%-owned Upper Kobuk Mineral Projects. The
Company's new website is www.trilogymetals.com and our new twitter
handle is @trilogy_metals.
The name change was approved by shareholders at the Annual
General Meeting held on May 18, 2016 and subsequently approved
by both the Toronto Stock Exchange and NYSE-MKT. The
Company's common shares will commence trading on both stock
exchanges under the new ticker symbol "TMQ" upon the opening of the
markets today. The CUSIP number assigned to the Company's
shares following the name change is 89621C105 (ISIN:
CA89621C1059). No action is required by stockholders with
respect to the name change. Outstanding stock certificates are not
affected by the name change and will not need to be exchanged.
Certain changes in CUSIP number may cause a temporary interruption
in electronic trading in the United
States and/or with the Depository Trust Company. The
Company encourages any concerns in this regard to be directed to
the shareholder's broker or agent.
Upcoming Events
The Company's CEO and CFO will be attending the following
conferences during the month of September. Rick Van Nieuwenhuyse, the Company's President
and CEO will be presenting at all three conferences. Our
corporate presentation and a replay of any broadcast will be made
available on our website at
www.trilogymetals.com/investorcenter/events. We look forward
to meeting with you at the conference.
September 11-13, 2016 Rodman &
Renshaw Global Investment Conference in New York
September 14-16, 2016 Precious
Metals Summit, Colorado in
Beaver Creek
September 26-28, 2016 Mines and
Money Americas in Toronto
About Trilogy Metals
Trilogy Metals Inc., formerly NovaCopper Inc. is a metals
exploration company focused on exploring and developing the Ambler
mining district located in northwestern Alaska. It is one of the richest and
most-prospective known copper-dominant districts located in one of
the safest geopolitical jurisdictions in the world. It hosts
world-class polymetallic VMS deposits that contain copper, zinc,
lead, gold and silver, and carbonate replacement deposits which
have been found to host high grade copper mineralization.
Exploration efforts have been focused on two deposits in the Ambler
mining district - the Arctic VMS deposit and the Bornite carbonate
replacement deposit. Both deposits are located within the Company's
land package that spans approximately 143,000 hectares. The Company
has an agreement with NANA Regional Corporation, Inc., a Regional
Alaska Native Corporation that provides a framework for the
exploration and potential development of the Ambler mining district
in cooperation with local communities. Our vision is to develop the
Ambler mining district into a premier North American copper
producer.
Cautionary Note Regarding Forward-Looking
Statements
This press release includes certain "forward-looking
information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable
Canadian and United States
securities legislation including the United States Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward-looking statements
including but not limited to anticipated activities at the UKMP,
achieving a pre-feasibility level of study at some point in the
future, and the advancement of the AMDIAP. Forward-looking
statements are frequently, but not always, identified by words such
as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible", and similar expressions, or statements
that events, conditions, or results "will", "may", "could", or
"should" occur or be achieved. Forward-looking statements involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company's expectations include the
uncertainties involving the need for additional financing to
explore and develop properties and availability of financing in the
debt and capital markets; uncertainties involved in the
interpretation of drilling results and geological tests and the
estimation of reserves and resources; the need for cooperation of
government agencies and native groups in the development and
operation of properties and infrastructure; the need to obtain
permits and governmental approvals; risks of construction and
mining projects such as accidents, equipment breakdowns, bad
weather, non-compliance with environmental and permit requirements,
unanticipated variation in geological structures, metal grades or
recovery rates; unexpected cost increases, which could include
significant increases in estimated capital and operating costs;
fluctuations in metal prices and currency exchange rates; and other
risks and uncertainties disclosed in the Company's Annual Report on
Form 10-K for the year ended November 30,
2015 filed with Canadian securities regulatory authorities
and with the United States Securities and Exchange Commission and
in other NovaCopper reports and documents filed with applicable
securities regulatory authorities from time to time. The Company's
forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made. The Company
assumes no obligation to update the forward-looking statements or
beliefs, opinions, projections, or other factors, should they
change, except as required by law.
SOURCE Trilogy Metals Inc.