Trade Summary

6 days ago, South32 Ltd, serving as 10% owner Owner at Trilogy Metals Inc. (TMQ), sold 8,215,570 shares at $2.17 per share, for a total transaction value of $17,827,786.90. Following this transaction, South32 Ltd now holds 10,379,741 shares of TMQ.

This sale represents a 44.18% decrease in South32 Ltd's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Friday, August 28, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, September 1, 2026 at 4:05 PM ET, 4 days after the trade was made.

Trilogy Metals Inc. operates in the BASIC MATERIALS sector, specifically within the OTHER INDUSTRIAL METALS & MINING industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.