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Trilogy Metals Executes Agreements for Strategic $35.6M Investment by U.S. Department of War

Trilogy Metals logoTrilogy Metals
Sig3.25Sen+3.90Env-0.43Soc+0.28Gov+1.15

Trilogy Metals executed definitive agreements with the U.S. Department of War for a strategic equity investment of about US$35.6 million to advance exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska. The Department of War will invest about US$17.8 million for 8,215,570 units at US$2.17, each with one share and three-quarters of a 10-year warrant, with DOW holding ~10% non-diluted.

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