IPO - Trilogy Metals Inc.

Form Type: 424B5

Filing Date: 2025-05-27

Corporate Action: Ipo

Type: New

Accession Number: 000110465925052605

Filing Summary: Trilogy Metals Inc. is issuing up to US$25,000,000 of common shares through a new equity distribution agreement with various agents. The shares will be sold in at-the-market distribution, allowing flexible pricing based on prevailing market rates. The offering is in compliance with the current SEC registration statement and the accompanying Canadian Prospectus Supplement. The TSX and NYSE American have conditionally approved the listing of the shares, with last reported prices being C$1.71 and US$1.26 respectively. Trilogy confirms that total projected expenses related to the offering, excluding agent commissions, are estimated at US$200,000. The document outlines conditions regarding commissions to agents, responsibilities of the company post-offering, and various risk factors associated with this equity offering, such as market price volatility and regulatory risks.