James Gowans - 09 Dec 2024 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TMQ	Director Stock Options (Right to Buy)	Award	$0	+75,000		$0.000000	75,000	09 Dec 2024	Common Shares	75,000	$1.08	Direct	F1
transaction	TMQ	Deferred Share Units	Award	$0	+30,000	+6.1%	$0.000000	525,139	09 Dec 2024	Common Shares	30,000	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	The option exercise price was converted from the Canadian exercise price of C$1.52 using an exchange rate of C$1.413 = US$1.00.
F2	Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year.
F3	The DSUs 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.