Trilogy Metals Announces Election of Directors and Voting Results from the 2022 Annual Meeting of Shareholders

Rhea-AI Summary

Trilogy Metals Inc. announced favorable results from its Annual Meeting of Shareholders on May 13, 2022. A total of 118,263,353 shares, representing 81.30% of outstanding shares, were voted. All director nominees were successfully elected with a significant majority, including Tony Giardini with 99.76% approval. Additionally, the appointment of auditors was approved with 99.75% support. The meeting also addressed several proposals regarding executive compensation and amendments to share plans, with varying approval percentages. For further details, refer to the company's SEDAR and EDGAR profiles.

Positive

• All director nominees elected with high approval rates, including Tony Giardini at 99.76%.
• A high turnout of shareholders with 81.30% participation.
• Successful approval of the auditors with 99.75% support.

Negative

• James Gowans received only 85.64% approval, indicating some shareholder dissent.
• Amendments to share plans received less than 92% approval, reflecting potential concerns among investors.

TSX / NYSE American
Symbol: TMQ

VANCOUVER, BC, May 16, 2022 /PRNewswire/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual Meeting of the Shareholders ("Meeting") held in Vancouver on Friday, May 13, 2022. All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 118,263,353 or 81.30% of the Company's issued and outstanding shares were represented at the Meeting.

Shareholder Voting Results

The Shareholders voted on the following matters at this year's Meeting. Other than Proposals 1, 3, 4, 5 and 6, which represents votes by ballot, the results presented below represent votes accordingly to proxies received.

Proposal 1: Election of Directors

Nominee	Votes For	% For	Votes Withheld	% Withheld
Tony Giardini	101,505,574	99.76	239,157	0.24
James Gowans	87,137,657	85.64	14,604,074	14.36
William Hayden	101,527,372	99.79	217,359	0.21
William Hensley	101,512,528	99.77	232,203	0.23
Gregory Lang	97,853,372	96.18	3,891,359	3.82
Kalidas Madhavpeddi	98,448,800	96.76	3,295,931	3.24
Janice Stairs	97,892,140	96.21	3,852,590	3.79
Diana Walters	98,474,256	96.79	3,270,475	3.21

 

Proposal 2: Appointment of the Auditor

Votes For	% Votes For	Votes Withheld	% Votes Withheld
117,890,256	99.75	297,296	0.25

 

Proposal 3: Approval of amendments to and unallocated entitlements under the Restricted Share Unit Plan

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
92,690,774	91.10	8,859,700	8.71	194,256	0.19

 

Proposal 4: Approval of amendments to and unallocated entitlements under the Deferred Share Unit Plan

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
90,077,518	88.53	11,440,948	11.24	226,264	0.23

 

Proposal 5: Approval of a non-binding resolution approving the compensation of the Company's Named Executive Officers

Votes For	% Votes For	Votes Against	% Votes Against	Votes Abstaining	% Votes Abstaining
89,034,428	87.51	12,354,613	12.14	355,689	0.35

 

Proposal 6: Approval of non-binding vote on the frequency of a non-binding vote on the compensation of the Company's Named Executive Officers

Votes for One Year	% Votes For One Year	Votes for Two Years	% Votes for Two Years	Votes for Three Years	% Votes for Three Years
82,494,024	81.25	146,989	0.14	18,895,660	18.61

 

Detailed results of all items of business are also available in the Report of Voting Results filed under the Company's SEDAR profile at www.sedar.com ("SEDAR") and on the Form 8-K filed under the Company's EDGAR profile at www.sec.org ("EDGAR").

About Trilogy Metals

Trilogy Metals Inc. is a metal exploration and development company which holds 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, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. 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 world-class polymetallic volcanogenic massive sulphide ("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 181,387 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's vision is to develop the Ambler Mining District into a premier North American copper producer.

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SOURCE Trilogy Metals Inc.

FAQ

What were the results of Trilogy Metals' Annual Meeting on May 13, 2022?

All proposals were approved, including the election of directors and the appointment of auditors.

How many shares were voted at Trilogy Metals' Annual Meeting?

A total of 118,263,353 shares, or 81.30% of outstanding shares, were represented.

Who were the director nominees for Trilogy Metals in 2022?

Notable nominees included Tony Giardini, James Gowans, and William Hayden.

What percentage of votes did Tony Giardini receive?

Tony Giardini received 99.76% of votes in favor of his election.

What was the approval rate for the auditor's appointment at Trilogy Metals?

The appointment of auditors was approved with 99.75% support.

Were there any significant dissenting votes in Trilogy Metals' Annual Meeting?

James Gowans received only 85.64% approval, indicating some dissent among shareholders.