Gregory A. Lang - 02 Nov 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role: Director
Signature: /s/ Elaine Sanders as attorney-in-fact for Gregory A. Lang
Issuer symbol: TMQ
Transactions as of: 02 Nov 2021
Net transactions value: -$105,000
Form type: 4
Filing time: 03 Nov 2021, 16:38:03 UTC
Previous filing: 01 Oct 2021
Next filing: 04 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMQ	Common Shares	Options Exercise	$42,000	+75,000		$0.5600	75,000	02 Nov 2021	Direct	F1
transaction	TMQ	Common Shares	Sale	$147,000	-75,000	-100%	$1.96	0	02 Nov 2021	Direct	F2
holding	TMQ	Common Shares						272,879	02 Nov 2021	Greg and Sharon Lang Family Survivors Trust DTD 12/27/2005

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 Option (Right to Buy)	Options Exercise	$0	-75,000	-100%	$0.000000^*	0	02 Nov 2021	Common Shares	75,000	$0.5600	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The option exercise price of C$0.70 was converted into U.S. dollars using an exchange rate of C$1.00 = US$0.8062.
F2	The Canadian sale price of C$2.44 was converted into U>S. dollars using an exchange rate of C$1.00 = US$0.8062.