Trilogy Metals Inc. — Director's Dealing 2021

Dec 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2021-12-09

Reporting Person: MADHAVPEDDI KALIDAS V (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-09	Deferred Share Units ("DSUs")	$0	A	20600	Acquired		Common Shares (20600)	Direct
2021-12-09	Director Stock Option (Right to Buy)	$1.74	A	50000	Acquired	2026-12-08	Common Shares (50000)	Direct

Footnotes

F1: The deferred share units vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.

F2: Converted from Canadian exercise price of C$2.21 using an exchange rate of C$1.2700 = US$1.00.