Trilogy Metals Files NI 43-101 Technical Report for the Previously Announced Bornite Preliminary Economic Assessment

Core Viewpoint - Trilogy Metals Inc. has filed a National Instrument 43-101 technical report for the Bornite Project, indicating progress in the development of this copper project in Alaska [1][2] Group 1: Project Overview - The Bornite Project is located in the Ambler Mining District of Northwestern Alaska and is held by Ambler Metals LLC, a joint venture equally owned by Trilogy Metals and South32 Limited [2][5] - The Preliminary Economic Assessment (PEA) for the Bornite Project was prepared on a 100% ownership basis, with Trilogy's share being 50% [2][3] - The PEA results were announced on January 15, 2025, and there are no material differences from those disclosed in the company's previous news release [2] Group 2: Technical Reports - Trilogy Metals engaged independent consultants to prepare the PEA under National Instrument 43-101 standards [3] - The company will also file a S-K 1300 technical report summary with the U.S. Securities and Exchange Commission [1][3] Group 3: Company Background - Trilogy Metals holds a 50% interest in Ambler Metals LLC, which has a 100% interest in the Upper Kobuk Mineral Projects [5] - The Ambler Mining District is known for its rich copper-dominant deposits, including polymetallic volcanogenic massive sulphide (VMS) deposits [5] - The company's vision is to develop the Ambler Mining District into a premier North American copper producer while respecting local communities [5]