Form 8-K

8-K — Trilogy Metals Inc.

Accession: 0001279569-26-000990

Filed: 2026-10-21

Period: 2026-10-21

CIK: 0001543418

SIC: 1040 (GOLD & SILVER ORES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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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):

October 21, 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 October 21, 2026, Trilogy Metals Inc. (or the

“Company”) issued a press release announcing the completion of the 2026 summer field program at the Upper Kobuk Mineral Projects

in northwestern Alaska’s Ambler Mining District, and the appointment of David Thomas as Senior Vice President, Project Development

of Ambler Metals LLC, the 50/50 joint venture operating company equally owned by the Company and South32 Limited. 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 October 21, 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: October

21, 2026 By: /s/ Elaine Sanders

Elaine Sanders, Chief Financial Officer

EX-99.1 — PRINTER FRIENDLY VERSION

EX-99.1

Filename: ex991.htm · Sequence: 2

Exhibit 99.1

Trilogy Metals Announces Completion of 2026 Field

Program at the Upper Kobuk Mineral Projects, Appointment of David Thomas as Senior Vice President, Project Development of Ambler Metals

VANCOUVER, BC, Oct. 21, 2026 /CNW/ - Trilogy Metals

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

announced today the successful completion of the 2026 summer field program at the Upper Kobuk Mineral Projects ("UKMP")

in northwestern Alaska's Ambler Mining District, with all priority objectives for the season achieved.

Highlights

• 2026 Field Program Completed with All 42 Planned Geotechnical, Hydrogeological,

Condemnation and Exploration Holes Drilled Over Approximately 5,200 Meters

• Target Assessments and Advanced Mapping Completed for District-Wide Exploration

Drilling Along 100-Kilometer Volcanogenic Massive Sulfide ("VMS") Belt

• David Thomas Appointed Senior Vice President of Project Development of

Ambler Metals to Lead Engineering and Development of the Arctic Project

The UKMP asset portfolio, which encompasses approximately

190,929 hectares and hosts both the high-grade Arctic polymetallic deposit (the "Arctic Project" or "Arctic")

and the Bornite copper-cobalt deposit (the "Bornite Project" or "Bornite"), is being advanced by Ambler

Metals LLC ("Ambler Metals"). Ambler Metals is a 50/50 joint venture operating company equally owned by Trilogy and South32

Limited (ASX, LSE, JSE: S32; ADR: SOUHY) ("South32"). Arctic is one of the highest-grade, undeveloped open-pittable copper

deposits in the world, with an estimated average grade of approximately 5% copper equivalent1,2, bolstered by material precious

metals by-product credits.

____________________________

1 Technical report entitled "Arctic Project NI 43-101 Technical Report and Feasibility Study" with an effective date of January 20, 2023 and the S-K 1300 report for the Arctic Project titled "Arctic Project S-K 1300 Technical Report Summary, Ambler Mining District, Alaska" dated November 30, 2022 (together, the "Arctic Feasibility Studies").

2 Copper equivalent grades are calculated using metal prices, recoveries, and payabilities and are based on Probable Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. For a full list of the assumptions used to calculate the copper equivalent grade, please see the Arctic Feasibility Studies.

Tony Giardini, President and CEO of Trilogy,

commented: "Delivering the full scope of this season's work safely, with every priority objective met, is a credit to the Ambler

Metals team. This summer's program gives our engineers the geotechnical and hydrogeological data they need to finalize Arctic's mine

design and infrastructure placement, and it strengthens the technical record supporting our permit applications. We anticipate 2027 being

a significant step up in activity: exploration and development drilling at Bornite and along the VMS belt, continued engineering at Arctic,

and a Draft Environmental Impact Statement targeted for October 2027. With Dave Thomas now leading project development, the joint venture

is positioning Arctic for a potential construction decision following a Record of Decision, targeted for September 2028."

Ambler Metals Concludes 2026 Field Program

Ambler Metals has completed all planned geotechnical,

hydrogeological, condemnation and exploration holes for the 2026 season - a total of 42 holes across approximately 5,200 meters of drilling

- achieving all priority objectives set for the program. The drill campaign, concentrated at the proposed Arctic mine's waste rock storage

facilities and tailings footprint areas, and important groundwater characterization targets, was designed to inform mine design and infrastructure

placement and to support the permitting process, while also probing exploration targets along the Arctic mineral horizon.

Regional Exploration: Target Assessments Completed

Along the 100-Kilometer VMS Belt

Alongside the Arctic drill program, Ambler Metals

completed drill-target assessments of known mineral occurrences and targets across the UKMP mineral belt, achieving another key objective

of the 2026 season. The 100-kilometer-long (60-mile-long) VMS belt, which hosts Arctic and numerous other polymetallic mineral deposits

and prospects, contains approximately 30 known, historic VMS occurrences and electromagnetic anomalies (see Figure 1). The results of

these assessments will be used to rank and prioritize targets, and are expected to underpin planning for accelerated exploration and development

drilling in 2027.

Project staff are now focused on preparing for the

2027 field season, including completing equipment maintenance and repairs to support an efficient restart of field operations in April/May

2027.

Figure 1: The Arctic and Bornite deposits within the

Upper Kobuk Mineral Projects area that spans 190,929 hectares (471,796 acres)

David Thomas Appointed Senior Vice President of

Project Development of Ambler Metals

Ambler Metals has appointed David Thomas as Senior

Vice President of Project Development. Mr. Thomas will lead engineering and project development for the Arctic Project, working alongside

Ambler Metals President Ron Rimelman as the joint venture advances the project through permitting and toward a construction decision.

Mr. Thomas is a civil engineer with more than 40 years

of experience in underground and open-pit mining across North America and internationally, including expertise in Arctic developments.

His work spans mine complex design, permitting, project development, start-ups, operations, and closure. He most recently served as Chief

Operating Officer of Freedom Copper and, prior to that, as Vice President of Ausenco USA, where he provided engineering oversight for

preliminary economic assessments, pre-feasibility studies, and feasibility studies for mining projects in Alaska and across the United

States. He has also held senior roles with New Mexico Copper and Sabre Gold, and has been involved in mine permitting in Alaska, Washington,

Arizona, Utah, and New Mexico. His Alaska experience includes work at the Red Dog, Fort Knox, Pogo, and Kensington mines during his tenure

as President of Alaska Interstate Construction. Internationally, Mr. Thomas served as General Director for Nordgold, working on projects

in Siberia and Africa, and as EPCM Manager for Newmont's Hope Bay project in Nunavut, Canada. He holds a Bachelor of Science from the

University of Washington.

Ron Rimelman, President of Ambler Metals, commented:

"As the Arctic Project advances through permitting, our focus is shifting from defining the project to preparing to build it, and

Dave brings the expertise we need at this stage. He has spent four decades designing, permitting, building and operating mines - including

Arctic developments and, here in Alaska, operations such as Red Dog, Fort Knox, Pogo and Kensington. His engineering leadership on feasibility-level

studies, combined with his hands-on construction and start-up experience, will be invaluable as we translate this season's engineering

data into final mine design and lay the groundwork for development. We are delighted to welcome him to the Ambler Metals team."

Qualified Persons

Richard Gosse, P.Geo., Vice President Exploration

for Trilogy Metals Inc., is a Qualified Person as defined by National Instrument 43-101 - Standard of Disclosure for Mineral Projects and

Subpart 1300 of Regulation S-K. Mr. Gosse has reviewed the technical information in this news release and approves the disclosure contained

herein.

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

the results of the 2026 field program; expected preparations for, and the timing of, the 2027 field season; expected exploration and development

decisions at Bornite and Arctic; expected progress on the permitting process; timing of a draft Environmental Impact Statement and Record

of Decision; the anticipated benefits of recent management appointments at Ambler Metals; expectations regarding a construction 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 to download multimedia:https://www.prnewswire.com/news-releases/trilogy-metals-announces-completion-of-2026-field-program-at-the-upper-kobuk-mineral-projects-appointment-of-david-thomas-as-senior-vice-president-project-development-of-ambler-metals-302915066.html

SOURCE Trilogy Metals Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2026/21/c9353.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 21-OCT-26

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