Form 8-K

8-K — Trilogy Metals Inc.

Accession: 0001279569-26-000729

Filed: 2026-08-04

Period: 2026-08-03

CIK: 0001543418

SIC: 1040 (GOLD & SILVER ORES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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EX-99.1 — NEWS RELEASE DATED AUGUST 3, 2026 (ex991.htm)

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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):

August 3, 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 August 3, 2026, Trilogy Metals Inc. issued a press

release providing an update on the previously announced strategic equity investment by the United States Department of War. 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 August 3, 2026 relating to an update on the strategic equity investment by the United States Department of War

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: August 3, 2026

By:

/s/ Elaine Sanders

Elaine Sanders, Chief Financial Officer

EX-99.1 — NEWS RELEASE DATED AUGUST 3, 2026

EX-99.1

Filename: ex991.htm · Sequence: 2

Exhibit 99.1

Trilogy Metals Provides an Update on the Strategic

Equity Investment by the U.S. Department of War

VANCOUVER, BC, Aug. 3, 2026 /CNW/ - Trilogy Metals

Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or the "Company")

is pleased to provide an update on the previously announced strategic equity investment by the U.S. Department of War (the "DOW")

of approximately US$35.6 million to advance exploration and development of the Upper Kobuk Mineral Projects ("UKMP")

in northwestern Alaska. Discussions with the DOW continue and the letter of intent signed in October 2025 remains in effect.

U.S. Securities Act Disclaimer

The proposed offer and sale of the securities as described

above are being made in a transaction not involving a public offering and the securities have not been registered under the Securities

Act of 1933, as amended, and may not be reoffered or resold in the United States except pursuant to an effective registration statement

or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or a solicitation

of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such

offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or

other jurisdiction.

About Trilogy Metals

Trilogy Metals Inc. is a metal exploration and development

company holding 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 Limited, a globally diversified mining and metals company, exercised its option

to form a 50/50 joint venture with Trilogy Metals. 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 polymetallic volcanogenic massive sulfide ("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 Metals' 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

discussions with the DOW 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 to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-provides-an-update-on-the-strategic-equity-investment-by-the-us-department-of-war-302841665.html

SOURCE Trilogy Metals Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/03/c7395.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; Address: Suite 901, 510 Burrard Street, Vancouver,

British Columbia, Canada, V6C 3A8

CO: Trilogy Metals Inc.

CNW 17:42e 03-AUG-26

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