Trilogy Metals Reports Second Quarter Fiscal 2026 Results and Provides Update on Federal Permitting Progress and Project Advancement
Trilogy Metals reported a Q2 net loss of $6.3 million, widening from $2.2 million in the prior year, driven largely by non-cash derivative adjustments and increased project spending. The company ended the quarter with a strong cash position of $38.8 million and adjusted working capital of $38.3 million, fully funding its share of the 2026 budget. A pivotal milestone was achieved as the Arctic Project was accepted into the FAST-41 federal permitting program, establishing a coordinated review schedule and advancing the project toward the NEPA process.
Key figures
- Revenue
- 0
- Cash balance
- 38800000
- Fy2026 budget
- 22500000
- Dow deal value
- 35600000
- Net loss q2 2025
- 2177000
- Net loss q2 2026
- 6345000
- Exploration expenses
- 9000
- Field program meters
- 5400
- Fy2026 project budget
- 17500000
- Adjusted working capital
- 38300000
- Field program drill holes
- 40
- Derivative liability adjustment
- 3800000
AI analysis
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