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    <periodOfReport>2022-01-04</periodOfReport>

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    <issuer>
        <issuerCik>0001543418</issuerCik>
        <issuerName>Trilogy Metals Inc.</issuerName>
        <issuerTradingSymbol>TMQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001562639</rptOwnerCik>
            <rptOwnerName>Giardini Tony</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TRILOGY METALS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1150, 609 GRANVILLE STREET</rptOwnerStreet2>
            <rptOwnerCity>VANCOUVER</rptOwnerCity>
            <rptOwnerState>A1</rptOwnerState>
            <rptOwnerZipCode>V7Y 1G5</rptOwnerZipCode>
            <rptOwnerStateDescription>BRITISH COLUMBIA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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                <transactionCode>M</transactionCode>
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    <footnotes>
        <footnote id="F1">Represents December 9, 2021, grant of restricted stock units which vest as follows:  1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023. Settlement of the vested RSUs occurred on January 4, 2022.</footnote>
        <footnote id="F2">Represents December 9, 2021, grant of restricted stock units which fully vest on the grant date.  Settlement of the vested RSUs occurred on January 4, 2022.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Elaine Sanders as attorney-in-fact for Tony Giardini</signatureName>
        <signatureDate>2022-01-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
