VANCOUVER, April 1, 2019 /CNW/ - Trilogy Metals
Inc. (TSX / NYSE American: TMQ) ("Trilogy Metals" or "the
Company") will hold the Company's 2019 Annual Meeting of the
Shareholders ("AGM") on Wednesday May 22,
2019 at 10:00am Pacific Time
at the offices of Blake, Cassels & Graydon LLP, Suite 2600, 595
Burrard Street, Vancouver, British
Columbia.
Shareholders as of the record date of March 25, 2019 ("Record Date") will be eligible
to vote at the AGM. Meeting materials including the Company's
Management Information Circular, will be available on the Company's
website, on the Company's profile on SEDAR at www.sedar.com and on
EDGAR at www.sec.gov., and mailed to all shareholders as of the
Record Date on or after April 1,
2019.
All current directors will stand for re-election at the AGM with
the exception of Mr. Gerald (Gerry)
McConnell, Chairman of the Board of Directors and a director
of the Company since it went public in 2012. The Board of
Directors and Management of the Company would like to thank Mr.
McConnell for his valuable contribution in establishing Trilogy
Metals as a well-financed, premier North American mine development
and exploration company and wish him success in his future
endeavors. "I am very grateful to Gerry for his many years of
dedicated service and for guiding me through the up and down cycles
of our industry. His leadership has been collaborative, steady and
strategic and has kept the Company on track as a well-financed
organization building shareholder value by advancing our projects,
said Rick Van Nieuwenhuyse,
President and Chief Executive Officer."
The Company is also pleased to announce today that Mr.
James (Jim) Gowans will stand for
election as a director at the AGM. Mr. Gowans is an
independent director for various companies. He was President
and CEO of Arizona Mining Inc. from 2016 to 2018. Previously
he was a Senior Advisor to the Chairman, Co-President and EVP and
COO at Barrick Gold Corporation from 2014 to 2015. Mr. Gowans
also has experience in Alaska,
completing the feasibility study and then overseeing the design and
construction of the Red Dog Mine. He then operated Red Dog
for three years after commissioning. "Jim's Alaska experience and global perspective, and
in particular his understanding of operations and M&A, will be
invaluable as we advance our projects towards production and
maximize the value of our company for shareholders", said
Rick Van Nieuwenhuyse, President and
CEO.
About Trilogy Metals
Trilogy Metals 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 volcanogenic massive
sulphide ("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, included herein, including,
without limitation, the Company's outlook and statements regarding
the AGM and Mr. Gowans' contributions to the Company are
forward-looking statements. 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. These forward-looking statements may include
statements regarding perceived merit of properties; exploration
plans and budgets; mineral reserves and resource estimates; timing
of the feasibility study; anticipated exercise of warrants; funding
by South32; work programs; capital expenditures; timelines;
strategic plans; market prices for precious and base metals; or
other statements that are not statements of fact. 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 interpretation of drill
results, 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 as
well as the construction of the access road; 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,
2018 filed with Canadian securities regulatory authorities
and with the United States Securities and Exchange Commission and
in other Company 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.
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SOURCE Trilogy Metals Inc.