Trilogy Metals Stock Price, News & Analysis

Trilogy Metals has announced positive drilling results from its 2022 program at the Upper Kobuk Mineral Projects in Alaska, revealing multiple high-grade polymetallic mineralization intercepts. Highlights include 8.24 meters with a copper equivalent grade of 8.81% and significant intersections across several drill holes. Overall, 10,738 meters were drilled, focusing on the Arctic deposit. The company is also progressing on the Ambler Access Project, which would enhance mining capabilities. This update indicates strong continuity in mineralization and the potential for further positive results from ongoing assays.

Trilogy Metals Inc. (TMQ) announced promising drilling results from its 2022 summer program at the Upper Kobuk Mineral Projects in Alaska. Significant intercepts include 9.63 meters at a copper equivalent grade of 6.78% and 5.55 meters at 7.81%. The drilling program totaled 10,738 meters, with 8,376 meters focused on the Arctic deposit, marking a record for a single season. Results aim to boost resource confidence and support technical studies for project development. The company anticipates further results in coming months.

Trilogy Metals Inc. (TSX: TMQ, NYSE: TMQ) updated progress on the Ambler Access Project (AAP), a proposed 211-mile industrial road aimed at facilitating exploration in Alaska's rich Ambler Mining District. The United States Bureau of Land Management submitted a status report on November 15, 2022, regarding an ongoing Supplemental Environmental Impact Statement (SEIS). The SEIS is set to evaluate subsistence impacts and public comments, with a draft expected in Q2 2023 and a final decision anticipated in Q4 2023. Trilogy aims to develop the region while respecting local subsistence lifestyles.

Trilogy Metals Inc. (TMQ) announced its financial results for Q3 ended August 31, 2022. The exploration season for the Upper Kobuk Mineral Projects completed with over 10,700 meters drilled. Ambler Metals LLC, the company's joint venture, has $93.5 million in funding. Trilogy holds $3.1 million in cash with working capital of $2.9 million. The company aims to preserve cash through strategic measures, expending $3.4 million on operations in nine months. Notably, an increase of $2.9 million in losses related to Ambler Metals was reported, affecting overall financial performance.

Trilogy Metals Inc. (TSX: TMQ) announced the U.S. Bureau of Land Management (USBLM) will prepare a Supplemental Environmental Impact Statement (SEIS) for the Ambler Access Project, expected to be published in Q2 2023. The USBLM is inviting 45 days of public comments to address potential impacts. CEO Tony Giardini emphasized the importance of the access road for project development and local community benefits. The project aims to support infrastructure improvements and job creation in remote Alaskan areas while complying with environmental regulations.

Trilogy Metals Inc. (TMQ) announced that on August 12, 2022, its joint venture, Ambler Metals LLC, hosted tribal leaders from the Doyon and NANA regions in Alaska. The event fostered dialogue about the potential economic benefits of the Ambler Mining District project, highlighting job creation and lower transportation costs. CEO Ramzi Fawaz emphasized respect for local communities and the environment. The project aims to develop the Ambler Mining District into a significant North American copper producer, leveraging partnerships with local tribes to ensure mutual benefits.

Trilogy Metals Inc. (TMQ) reported its Q2 fiscal 2022 financial results on July 6, featuring a net loss of $4.1 million ($0.03 per share), up from $3.4 million a year prior. For the six months ended May 31, 2022, net loss was $9.1 million compared to $7.9 million in 2021. Amid these losses, the company maintains a cash position of $3.5 million. Importantly, the joint venture with South32 holds over $100 million in cash following loan repayment. The 2022 exploration budget for the Upper Kobuk Mineral Projects has been updated to $26.2 million with significant drilling planned.

Trilogy Metals (TMQ) has announced the mobilization of crews for the 2022 exploration program at the Upper Kobuk Mineral Projects in Alaska. The joint venture with South32 has a budget of US$26.2 million, funding at least 10,000 meters of diamond drilling. The program aims to enhance resource confidence at the Arctic deposit and explore additional copper-rich targets. Drilling is set to commence in early June, with initial assay results expected in early fall. This represents one of the most significant exploration initiatives in the Ambler Mining District's history.

Trilogy Metals Inc. (TMQ) announced a key development regarding the Ambler Access Project following a U.S. District Court ruling. The Court granted the Department of the Interior's motion for voluntary remand of the Joint Record of Decision (JROD) for the proposed 211-mile industrial road. This remand is to address deficiencies in the analysis of subsistence impacts and tribal consultation. CEO Tony Giardini noted this allows the company to continue exploration activities and highlighted support from local tribes. The Court will require status reports every 60 days, providing a framework for further analysis of the project’s impacts.