TMQ Trilogy Metals Inc

CUSIP No.  89621C105



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   1.  NAME OF REPORTING PERSON(S)
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

        BERNARD SELZ


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   2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

         (a)  [  ]
         (b)  [  ]


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   3.  SEC USE ONLY




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   4.  CITIZENSHIP OR PLACE OF ORGANIZATION


     UNITED STATES OF AMERICA

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     NUMBER OF      5.   SOLE VOTING POWER
        SHARES                  900,000
BENEFICIALLY      --------------------------------------------------------------
    OWNED BY        6.   SHARED VOTING POWER
      EACH                      0
   REPORTING      --------------------------------------------------------------
     PERSON         7.   SOLE DISPOSITIVE POWER
      WITH                      900,000
                  --------------------------------------------------------------
                    8.   SHARED DISPOSITIVE POWER
                                0

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   9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                900,000

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  10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



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  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                 0.616%

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  12.  TYPE OF REPORTING PERSON*

                 IN
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Item 1.     (a)   Name of Issuer:

                        TRILOGY METALS INC.
                  --------------------------------------------------------------
            (b)   Address of Issuer's Principal Executive Offices:

                        SUITE 1150, 609 GRANVILLE STREET
                        VANCOUVER A1 V7Y 1G5
                  --------------------------------------------------------------
Item 2.     (a)   Name of Person Filing:

                        BERNARD SELZ
                  --------------------------------------------------------------
            (b)   Address of Principal Business Office, or if None, Residence:

                        1325 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
                        C/O INGALLS AND SNYDER, LLC
                  --------------------------------------------------------------
            (c)   Citizenship:

                        USA
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            (d)   Title of Class of Securities:

                        COMMON STOCK
                  --------------------------------------------------------------
            (e)   CUSIP Number:

                        89621C105
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Item 3.     If this statement  is filed  pursuant to Rules 240.13d-(1), or
            13d-2(b) or (c), check whether the person filing is a:



            (a)   [ ]   Broker or Dealer  registered under Section  15 of  the
                        Act, (15 U.S.C 78o)

            (b)   [ ]   Bank as defined in Section 3(a)(6) of the
                        Act, (15 U.S.C 78c)

            (c)   [ ]   Insurance Company  as defined  in Section  3(a)(19) of
                        the Act, (15 U.S.C 78c)

            (d)   [ ]   Investment Company registered under  Section 8 of  the
                        Investment Company Act of 1940 (15 U.S.C 80a-8)

            (e)   [ ]   Investment Adviser in accordance with Section
                        240.13d-1(b)(1)(ii)(E)

            (f)   [ ]   Employee Benefit Plan or endowment fund in accordance
                        to Section 240.13d-1(b)(ii)(F)

            (g)   [ ]   A parent holding company or control person in
                        accordance with Section 240.13d-1(b)(1)(ii)(G)


            (h)   [ ]   A savings associations as defined in Section 3(b) of the
                        Federal Deposit Insurance Act (12 U.S.C 1813)

            (i)   [ ]   A church plan that is excluded from the definition of an
                        investment company under section 3(c)(14) of
                        the Investment Company Act of 1940 (15 U.S.C 80a-3)

            (j)   [ ]   Group, in accordance with Section 240.13d-1(b)(1)(ii)(J)


Item 4.     Ownership.

            (a) Amount beneficially owned:

                900,000

            (b) Percent of class:

                0.616%

            (c) Number of shares as to which such person has:

                  (i) Sole power to vote or to direct the vote

                        900,000

                  (ii) Shared power to vote or to direct the vote

                        0

                  (iii) Sole power to dispose or to direct the disposition of

                        900,000


                  (iv) Shared power to dispose or to direct the disposition of

                        0

Item 5.     Ownership of Five Percent or Less of a Class.

            If this statement is being filed to report the fact that as of
            the date hereof the reporting person has ceased to be the beneficial
            owner of more than five percent of the class of securities, check
            the following [X].




Item 6.     Ownership of More Than Five Percent on Behalf of Another Person.

            Bernard Selz is the beneficial owner of the shares stated in response
            to Item 4(c)(i) and Item 4(c)(iii) with sole dispositive and voting
            power over the shares.  With regard to the shares stated in response
            to Item 4(c)(ii) and Item 4(c)(iv), Mr. Selz either shares dispositive
            and voting power with related individuals who have granted him
            authorization to act on their behalf.  95,600 of the shares stated in
            response to Item 4(c)(ii) and Item 4(c)(iv) are held in discretionary
            advisory accounts of clients at Ingalls and Snyder, LLC, a registered
            investment adviser where Mr. Selz is employed.  Mr. Selz is the
            investment advisor representative assigned to direct the investments
            for the advisory accounts.

Item 7.     Identification and Classification of the Subsidiary which Acquired
            the Security Being Reported on By the Parent Holding Company.

                INAPPLICABLE

Item 8.     Identification and Classification of Members of the Group.

                INAPPLICABLE

Item 9.     Notice of Dissolution of Group.

                INAPPLICABLE


Item 10.    Certification.



            By  signing  below I certify  that,  to the  best  of  my knowledge
            and belief, the securities referred to above were acquired and are
            held in the ordinary  course of business  and were not  acquired
            and are not held for the purpose of or with the effect of changing
            or influencing the control of the issuer of the securities  and
            were not acquired and are not held in connection with or as a
            participant in any  transaction  having that purpose or effect.

                                  Signature.


            After reasonable inquiry and to the best of my knowledge and
            belief, I certify  that the  information  set  forth in this
            statement is true, complete and correct.

Date: 12/31/2022


BY: /s/ BERNARD SELZ
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                      (Signature)*


BERNARD SELZ