X0508 4 2025-12-26 0001543418 Trilogy Metals Inc. TMQ 0001124803 KAPLAN THOMAS SCOTT 600 FIFTH AVENUE, 24TH FLOOR NEW YORK NY 10020 false false true false 0001637981 Electrum Strategic Opportunities Fund L.P. 600 FIFTH AVENUE, 24TH FLOOR NEW YORK NY 10020 false false true false 0001565641 Electrum Group LLC 600 FIFTH AVENUE, 24TH FLOOR NEW YORK NY 10020 false false true false 0001663180 ESOF GP Ltd. 600 FIFTH AVENUE, 24TH FLOOR NEW YORK NY 10020 false false true false 0001565707 GRAT Holdings LLC 600 FIFTH AVENUE, 24TH FLOOR NEW YORK NY 10020 false false true false false Common Shares 2025-12-26 4 G false 540406 0.00 D 0.00 D Common Shares 2025-12-26 4 G false 416666 0.00 D 0.00 I By spouse Common Shares 31604741 I By Electrum Strategic Opportunities Fund L.P. Reflects shares that were donated to a charitable foundation for no consideration. Includes 10,000 shares previously held through Tigris Financial Group Ltd., of which Mr. Kaplan is the sole shareholder, and 416,667 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kapan. The shares were transferred to an account for the benefit of Mr. Kaplan in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended. Includes 416,666 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kaplan. The shares were transferred to an account for the benefit of Mr. Kaplan's spouse in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended. Represents shares owned directly by Mr. Kaplan's spouse. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise. Electrum Strategic Opportunities Fund L.P. ("ESOF") is an investment fund, of which The Electrum Group LLC is the investment adviser. ESOF GP Ltd. is the general partner of the sole general partner of ESOF. In accordance with 4(b)(iv) of the Form 4 instructions, the entire amount of the Issuer's securities held by ESOF is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise. /s/ Thomas Scott Kaplan, Thomas Scott Kaplan 2025-12-29 ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 2025-12-29 THE ELECTRUM GROUP LLC, /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 2025-12-29 ESOF GP LTD., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 2025-12-29 GRAT HOLDINGS LLC, /s/ Thomas Scott Kaplan, By: Thomas Scott Kaplan, Co-Chief Executive Officer 2025-12-29