Trilogy Metals Announces Election of Directors and Voting Results from the 2024 Annual Meeting of Shareholders

Rhea-AI Summary

Trilogy Metals (TSX: TMO, NYSE American: TMQ) announced the results of its Annual Meeting of Shareholders held on May 22, 2024. All proposals were approved, and all director nominees were elected. A total of 98,964,326 shares, representing 61.79% of issued shares, participated in the vote. Key results include: the election of directors with over 98% votes in favor, the appointment of auditors with 99.81% in favor, and the approval of unallocated entitlements under the Equity Plan with 91.65% support. Additionally, 98.72% voted to approve the 2024 Non-Employee Directors Fixed Deferred Share Unit Plan, and 94.87% approved the executive compensation resolution. Detailed voting results are available on SEDAR and EDGAR.

Positive

• All proposals at the Annual Meeting were approved.
• All director nominees received over 98% votes in favor.
• Appointment of auditors was approved with 99.81% votes in favor.
• Unallocated entitlements under the Equity Plan were approved with 91.65% support.
• 2024 Non-Employee Directors Fixed Deferred Share Unit Plan was approved with 98.72% votes in favor.
• Executive compensation resolution was approved with 94.87% votes in favor.
• 61.79% of issued shares participated in the vote, indicating strong shareholder engagement.

Negative

• None of the proposals or voting results indicate a negative impact on the company or its shareholders.

VANCOUVER, BC, May 23, 2024 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMO) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual Meeting of Shareholders ("Meeting") held in Vancouver on Wednesday, May 22, 2024. All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 98,964,326 or 61.79% of the Company's issued and outstanding shares eligible to vote were represented at the Meeting.

Shareholder Voting Results

The Shareholders voted on the following matters at this year's Meeting. Other than Proposals 1 and 3, which represent votes by ballot, the results presented below represent votes according to proxies received.

Proposal 1: Election of Directors

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Tony Giardini	95,496,577	99.47	505,607	0.53
James Gowans	95,213,494	99.18	788,690	0.82
William Hayden	95,492,107	99.47	510,077	0.53
William Hensley	95,486,704	99.46	515,480	0.54
Gregory Lang	94,165,898	98.09	1,836,286	1.91
Janice Stairs	95,478,417	99.45	523,768	0.55
Diana Walters	95,477,706	99.45	524,479	0.55

Proposal 2: Appointment of the Auditor

Votes For	% Votes For	Votes Withheld	% Votes Withheld
98,775,377	99.81	186,949	0.19

Proposal 3: Approval of all unallocated entitlements under the Equity Plan

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
87,988,935	91.65	7,710,711	8.03	302,537	0.32

Proposal 4: Approval of 2024 Non-Employee Directors Fixed Deferred Share Unit
Plan

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
94,769,321	98.72	959,844	1.00	271,017	0.28

Proposal 5: Approval of a Non-Binding Resolution Approving the Compensation of
the Company's Named Executive Officers

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
91,073,031	94.87	4,647,627	4.84	279,525	0.29

Detailed results of all items of business are also available in the Report of Voting Results filed under the Company's SEDAR⁺ profile www.sedarplus.ca ("SEDAR") and on the Form 8-K filed under the Company's EDGAR profile at www.sec.org ("EDGAR").

About Trilogy Metals

Trilogy Metals Inc. is a metal exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") 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.

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SOURCE Trilogy Metals Inc.

FAQ

What were the results of Trilogy Metals' 2024 Annual Meeting?

All proposals were approved, and all director nominees were elected with over 98% votes in favor.

How many shares were represented at Trilogy Metals' 2024 Annual Meeting?

A total of 98,964,326 shares, representing 61.79% of issued shares, participated in the vote.

What percentage of votes approved the appointment of auditors at Trilogy Metals' Annual Meeting?

The appointment of auditors was approved with 99.81% votes in favor.

Was the 2024 Non-Employee Directors Fixed Deferred Share Unit Plan approved at Trilogy Metals' Annual Meeting?

Yes, it was approved with 98.72% votes in favor.

How did shareholders vote on the executive compensation resolution at Trilogy Metals' 2024 Annual Meeting?

The executive compensation resolution was approved with 94.87% votes in favor.