TMQ CEO Tony Giardini reports 5.0% stake on Schedule 13D

Rhea-AI Filing Summary

Trilogy Metals (TMQ): Schedule 13D by CEO Tony Giardini

Tony Giardini filed a Schedule 13D reporting beneficial ownership of 8,169,131 shares as of March 1, 2024, equal to 5.0% of the class. The filing lists sole voting and dispositive power over the same 8,169,131 shares. The source of shares includes personal funds and other sources, with holdings stemming from compensatory awards of restricted stock units and options in the ordinary course.

The filing also states that as of October 19, 2025, Mr. Giardini beneficially owned 11,532,060 shares, consisting of 8,332,060 common shares and 3,200,000 shares underlying employee stock options exercisable within the next 60 days. The reporting person is the President, CEO, and a director of Trilogy Metals. The submission notes it is being filed late due to an inadvertent administrative error.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Trilogy Metals Inc.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

89621C105

(CUSIP Number)

Kimberley Anderson
Dorsey & Whitney LLP, 701 Fifth Avenue, Suite 6100
Seattle, WA, 98104
(206) 903-8803

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/01/2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 89621C105

1

Name of reporting person

Tony Giardini

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,169,131.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,169,131.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,169,131.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.0 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

THIS SCHEDULE 13D IS BEING FILED LATE DUE TO AN INADVERTENT ADMINISTRATIVE ERROR

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, no par value
(b)	Name of Issuer: Trilogy Metals Inc.
(c)	Address of Issuer's Principal Executive Offices: Suite 901, 510 Burrard Street, Vancouver, BRITISH COLUMBIA, CANADA , V6C 3A8.
Item 2.	Identity and Background
(a)	Tony Giardini ("Reporting Person")
(b)	Trilogy Metals Inc. Suite 901, 510 Burrard Street Vancouver, British Columbia V6C 3A8 Canada
(c)	The Reporting Person is the President and Chief Executive Officer and a director of Trilogy Metals Inc. (the "Issuer").
(d)	The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Person has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Canadian
Item 3.	Source and Amount of Funds or Other Consideration
	PF and OO
Item 4.	Purpose of Transaction
	The Reporting Person received from the Issuer compensatory awards from of restricted stock units and options in the ordinary course of business - see Schedule A
Item 5.	Interest in Securities of the Issuer
(a)	As of March 1, 2024: 8,169,131 Shares consisting of 5,279,064 Common Shares plus 2,890,067 Common Shares underlying employee stock options held by the Reporting Person As of October 19, 2025: 11,532,060 Shares, consisting of 8,332,060 Common Shares plus 3,200,000 Common Shares underlying employee stock options held by the Reporting Person and exercisable within the next 60 days.
(b)	See Exhibit 99.1 attached hereto
(c)	See Exhibit 99.1 attached hereto
(d)	Not Applicable
(e)	Not Applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	None
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1 List of Transactions

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.

Tony Giardini

Signature:	/s/ Tony Giardini
Name/Title:	Reporting Person
Date:	10/24/2025