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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 18, 2023
_______________________
Trilogy Metals Inc.
(Exact name of registrant as specified in its
charter)
_______________________
British Columbia |
001-35447 |
98-1006991 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
Suite 1150, 609 Granville Street
Vancouver, British Columbia
Canada, V7Y 1G5
(Address of principal executive offices, including
zip code)
(604) 638-8088
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2 below):
☐ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.24d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.23e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Shares |
TMQ |
NYSE American
Toronto Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure |
On October 18, 2023, the Company issued a press release providing an update
on the Ambler Access Project. The press release is attached hereto as Exhibit 99.1.
The information contained in the press release attached hereto is being
furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement
or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
| | |
(d) Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
|
TRILOGY METALS INC. |
|
|
|
Dated: October 18, 2023 |
By: |
/s/ Elaine Sanders |
|
|
Elaine Sanders, Chief Financial Officer |
Exhibit 99.1
Trilogy Metals Provides an Update on the Ambler
Access Project
Draft Supplemental Environmental
Impact Statement Filed
VANCOUVER, BC, Oct. 19, 2023 /CNW/ -Trilogy Metals
Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy" or the "Company") is pleased to provide an update on the Ambler
Access Project ("AAP") – the proposed 211-mile, industrial-use-only road from the Upper Kobuk Mineral Projects ("UKMP")
to the Dalton Highway that will enable the advancement of exploration and development at the Ambler Mining District, home to some
of the world's richest known copper-dominant polymetallic deposits. The United States Bureau of Land Management ("BLM")
has filed the draft Supplemental Environmental Impact Statement ("SEIS") for the AAP on its website https://eplanning.blm.gov/eplanning-ui/project/57323/570 and
anticipates being in the federal register on October 20, 2023.
It is envisioned that the AAP
be financed and maintained by the Alaska Industrial Development and Export Authority ("AIDEA"), and companies such as Ambler
Metals LLC ("Ambler Metals"), Trilogy's 50/50 joint venture with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY), would enter
into commercial agreements to use the road and pay tolls to AIDEA and its financing partners. More information about the Ambler Access
Project is available at https://ambleraccess.org.
Road Permits - Litigation and Remand
During the summer of 2020, the
BLM granted permits that authorized a right-of-way across federally managed lands for AIDEA and the AAP. Shortly thereafter, a coalition
of national and Alaska environmental non-government organizations ("ENGO") filed lawsuits against the federal agencies responsible
for issuing the permits for the AAP. The ENGOs' main position is that due process was not carried out during the permitting of the road.
In May 2022, the right-of-way permits issued to AIDEA for the AAP were suspended by the federal agencies based upon a request to remand
the lawsuits. This remand request was made by the U.S. Department of Justice on behalf of the federal agencies and was granted by the
U.S. District Court. The purpose of the remand is to allow the BLM to carry out additional supplemental work in response to the lawsuits.
The original lawsuit was filed
by the Northern Alaska Environmental Center and several other environmental and conservation groups, and a subsequent separate lawsuit
was filed by Tanana Chiefs Conference and several tribes.
In April 2023, several Alaska
Native leaders travelled to Washington, D.C., with representatives of Ambler Metals and AIDEA to urge the fair review and timely completion
of the Ambler Access Project's SEIS. There is strong support for the AAP from local residents and the Alaska delegation in Washington.
Further to Trilogy's previous
update on the SEIS, provided in its news release dated October 11, 2023, the BLM has filed the draft SEIS on its website https://eplanning.blm.gov/eplanning-ui/project/57323/570 and
anticipates being in the federal register on October 20, 2023. The draft SEIS is open for a 60-day public comment period, until December
19, 2023. The BLM reconfirmed they anticipate a final SEIS is expected in the first quarter of 2024, and a Record of Decision within the
second quarter of 2024.
About Trilogy Metals
Trilogy Metals Inc. is a metal
exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper
Kobuk Mineral Projects in northwestern Alaska. On December 19, 2019, South32, a globally diversified mining and metals company, exercised
its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest
and most-prospective known copper-dominant districts 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 and cobalt 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 a land package that spans approximately
190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework
for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy's vision is
to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.
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, statements
relating to the permitting and construction of the AAP, the timing and benefits of the AAP, the anticipated timing of the final SEIS and
Record of Decision, and the merits of the UKMP 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. 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 whether the Alaska Industrial Development and Export Authority will build the AAP; the results of
the additional supplemental work on the SEIS resulting from the voluntary remand; the impact of the COVID-19 pandemic; success of exploration
activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks,
prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and
geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for
the year ended November 30, 2022 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.
View original content:https://www.prnewswire.com/news-releases/trilogy-metals-provides-an-update-on-the-ambler-access-project-301961595.html
SOURCE Trilogy Metals Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2023/19/c2124.html
%CIK: 0001543418
For further information: Tony Giardini, President & Chief Executive
Officer; Elaine Sanders, Vice President & Chief Financial Officer, Phone: 604-638-8088
CO: Trilogy Metals Inc.
CNW 06:30e 19-OCT-23
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