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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):
February 23, 2026
_______________________
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 901, 510 Burrard Street
Vancouver, British Columbia
Canada, V6C 3A8
(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 February 23, 2026, the Company issued a press
release announcing key management appointments at its 50/50 joint venture with South32 Limited – Ambler Metals LLC – which
is advancing exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska’s Ambler Mining District. 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
| Exhibit Number |
Description |
| 99.1 |
Press release dated February 23, 2026 |
| |
|
| 104 |
Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL) |
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:
February 23, 2026 |
By: |
/s/ Elaine Sanders |
| |
|
Elaine Sanders, Chief Financial Officer |
Exhibit 99.1

Trilogy Metals Announces Expanded Management
Team at Ambler Metals Joint Venture to Advance Upper Kobuk Mineral Projects in Alaska
VANCOUVER, BC, Feb. 23, 2026 /CNW/ - Trilogy
Metals Inc. (NYSE American: TMQ ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company")
announced today key management appointments at its 50/50 joint venture with South32 Limited ("South32") – Ambler
Metals LLC ("Ambler Metals") – which is advancing exploration and development of the Upper Kobuk Mineral Projects
("UKMP") in northwestern Alaska's Ambler Mining District.
Tony Giardini, President and CEO of Trilogy, commented:
"Michael Galicki and Cole Schaeffer bring exactly the expertise we need to advance the UKMP. Michael's proven success managing complex
exploration programs in high-logistics North American environments positions us perfectly for this year's drilling season as we work to
expand our resource base and test high-priority targets.
"Cole brings invaluable experience from both
Alaska Native Corporations and Teck Resources Limited's Red Dog Mine, one of the world's largest zinc operations. His deep understanding
of community engagement and operational requirements in Alaska's Arctic will be critical as we advance both the Arctic and Bornite deposits.
Together, Michael and Cole strengthen our ability to unlock the full value of this world-class mining district.
"These appointments position Ambler Metals to
deliver on critical near-term milestones. Jenna Tan brings the financial and commercial rigor we need as we advance toward an investment
decision on the Arctic Project. Her experience leading South32's Hermosa project through feasibility and development gives us proven expertise
in managing major mining ventures in the United States.
"Ron Rimelman's 40 years of mine permitting experience,
including his leadership on the Donlin Gold project and work throughout Alaska, will be invaluable as we navigate the FAST-41 expedited
federal permitting process. Together, Jenna and Ron provide the institutional knowledge and technical expertise needed to transform Ambler
Metals from explorer to developer and position this venture as a premier domestic source of critical minerals."
Michael Galicki has been appointed Vice President,
Exploration, of Ambler Metals. He has more than 15 years of experience advancing mineral exploration programs across North America,
focused on base and critical metals. Prior to joining Ambler Metals, Mr. Galicki held leadership roles with South32, where he led exploration
operations, strategy and field execution across multiple jurisdictions, including remote, helicopter-supported exploration programs. He
has also held exploration and geoscience leadership roles with Galore Creek Mining Corporation Joint Venture and Hunter Dickinson. Mr.
Galicki holds a Master of Science in Economic Geology from Simon Fraser University and a Bachelor of Science (Honours) in Geology from
Laurentian University. He is a registered Professional Geoscientist (P.Geo.) in British Columbia.
Cole Schaeffer has been appointed Vice President,
Human Resources, Community and Partnerships, of Ambler Metals. He has more than 25 years of leadership experience in mining, corporate
management, government contracting and rural housing development in Alaska. Prior to joining Ambler Metals, he served as Manager of Human
Resources at Teck Alaska, overseeing recruitment, training and development, and counseling services for approximately 800 employees. He
also led Indigenous shareholder development initiatives and managed multimillion-dollar budgets and complex workforce programs at Teck.
Mr. Schaeffer previously served as President and CEO of the Kikiktagruk Inupiat Corporation and Executive Vice President of Tikigaq Corporation.
Jenna Tan has been appointed Vice President, Finance,
of Ambler Metals. She has experience across major mining and resources companies in the United States and Australia in commercial
strategy, corporate development and financial oversight. Her previous roles at South32 include Director of Finance for the Hermosa project
in Arizona and Manager of Strategy and Performance, where she led investment evaluations, federal grant reporting, corporate planning
and joint venture due diligence. Earlier in her career, she held senior finance, strategy and operational roles at Vale, Platinum Blasting
Services, Peabody, BHP Mitsubishi Alliance and Ernst & Young. Ms. Tan holds a Bachelor of Commerce from the University of Melbourne,
is a CPA and is a Graduate of the Australian Institute of Company Directors.
Ron Rimelman has been appointed Senior Director,
Permitting, of Ambler Metals. He has more than 40 years of experience in environmental review of natural resource projects throughout
North America. Most recently, he served as Vice President of Environment, Health and Safety, and Sustainability for NOVAGOLD Resources
where he oversaw the National Environmental Policy Act ("NEPA") review, and federal and state permitting for the Donlin
Gold project. In this role, he was also involved in environmental planning for the Ambler Mining District from 2011 to 2013 before it
was divested from NOVAGOLD. While in consulting, he co-led the third-party Environmental Impact Statement ("EIS") for
expansion of the Red Dog Mine in Alaska. Mr. Rimelman also directed two NEPA reviews and Clean Water Act permitting of the Kensington
Mine in Alaska, as well as assisting in the EIS for the tailings expansion at the Greens Creek Mine in Alaska. More broadly, his mine
permitting experience extends to projects in Nevada, Idaho, Arizona, Colorado, New Mexico, Montana, Michigan, British Columbia, and Australia.
Mr. Rimelman is a past President of the American Exploration and Mining Association, and has chaired its Environmental Committee for nine
years; this work has involved significant national advocacy for advancing US critical mineral mining. He has a Bachelor of Science in
Chemical Engineering from the Massachusetts Institute of Technology.
About Trilogy Metals
Trilogy Metals Inc. is a metal exploration and development
company that holds a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the 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 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 that 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 news 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 regarding
the anticipated benefits of recent management appointments; the anticipated timing of permitting, feasibility study and planned activities
at the UKMP; the anticipated investment decision on the Arctic Project; and perceived merit of the properties 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 the outcome of pending litigation, 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, 2025 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-announces-expanded-management-team-at-ambler-metals-joint-venture-to-advance-upper-kobuk-mineral-projects-in-alaska-302693897.html
SOURCE Trilogy Metals Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2026/23/c2936.html
%CIK: 0001543418
For further information: Company Contact: Matthew Keevil, Vice President,
Investor Relations and Business Development, ir@trilogymetals.com, Phone: +1 604 638 8088
CO: Trilogy Metals Inc.
CNW 06:30e 23-FEB-26