202620 releases
Trilogy Metals Announces Completion of 2026 Field Program at the Upper Kobuk Mineral Projects, Appointment of David Thomas as Senior Vice President, Project Development of Ambler Metals
The 2026 summer field program at the Upper Kobuk Mineral Projects in northwestern Alaska's Ambler Mining District has been completed, with all 42 planned geotechnical, hydrogeological, condemnation and exploration holes drilled over approximately 5,200 meters. Drill-target assessments and mapping were also completed along the 100-kilometer VMS belt, which contains about 30 known historic VMS occurrences and electromagnetic anomalies, to support 2027 drilling. Ambler Metals, a 50/50 joint venture with South32, appointed David Thomas Senior Vice President of Project Development to lead Arctic Project engineering.
Drill resultsTrilogy Metals Reports Third Quarter Fiscal 2026 Financial Results
Third quarter fiscal 2026 results (ended August 31, 2026) show net income of $0.2 million versus a net loss of $1.7 million a year earlier, and a nine-month net loss of $13.2 million versus $7.5 million. Cash and cash equivalents were $31.2 million with adjusted working capital of $30.3 million. Subsequent to quarter end, the $35.6 million Department of War strategic equity investment closed on September 11, 2026, with Trilogy issuing 8,215,570 units at $2.17 for roughly $17.8 million; the DOW now holds about 9.1% of outstanding shares.
CorporateTrilogy Metals Announces Publication of Notice of Intent by U.S. Army Corps of Engineers for Alaska’s High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project
The U.S. Army Corps of Engineers has published a Notice of Intent to prepare an Environmental Impact Statement for the Arctic copper-zinc-lead-gold-silver project in northwestern Alaska's Ambler Mining District, starting the NEPA review and public scoping phase. The USACE, lead federal agency on the Clean Water Act Section 404 permit application filed April 20, 2026, and cooperating agencies have committed to an estimated 29-month review, targeting a draft EIS in October 2027, a Record of Decision in September 2028 and overall completion in November 2028. Arctic is held by Ambler Metals LLC, Trilogy's 50/50 joint venture with South32.
CorporateTrilogy Metals Closes US$35.6 Million Strategic Equity Investment by the U.S. Department of War
A previously announced strategic equity investment by the U.S. Department of War totaling approximately US$35.6 million, across transactions with Trilogy Metals and South32, has closed, making the U.S. Government an approximately 10% shareholder. Both Trilogy and South32 have committed their full proceeds to Ambler Metals, the 50/50 joint venture advancing the Upper Kobuk Mineral Projects, covering about 190,929 hectares in northwestern Alaska. South32's holding fell from 18,595,311 shares (10.7%) to 10,379,741 shares (6.0%).
FinancingTrilogy Metals Achieves TSX30 Ranking as Top Performer on the Toronto Stock Exchange
Trilogy Metals has been named to the 2026 TSX30, an annual ranking of top-performing Toronto Stock Exchange companies over a three-year period based on dividend-adjusted share price appreciation. The company's share price rose 570% for the three years ended June 30, 2026. Trilogy holds a 50% interest in Ambler Metals LLC, which owns the Upper Kobuk Mineral Projects in northwestern Alaska, including the Arctic and Bornite deposits.
CorporateTrilogy Metals Announces Execution of Definitive Agreements for Strategic Equity Investment by the U.S. Department of War
Definitive agreements have been executed with the U.S. Department of War for a strategic equity investment of approximately US$35.6 million to advance the Upper Kobuk Mineral Projects in northwestern Alaska, held by Ambler Metals LLC, Trilogy's 50/50 joint venture with South32. The DOW will invest about US$17.8 million in 8,215,570 units at US$2.17 per unit, each with three-quarters of a 10-year warrant exercisable at US$0.01, and pay South32 about US$17.8 million for 8,215,570 shares plus a call option on 6,161,678 shares at US$0.01. The DOW will hold roughly 10% of Trilogy; closing is expected in September 2026.
FinancingTrilogy Metals Provides an Update on the Strategic Equity Investment by the U.S. Department of War
Discussions with the U.S. Department of War regarding the previously announced strategic equity investment of approximately US$35.6 million are continuing, and the letter of intent signed in October 2025 remains in effect. The investment would fund exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska. Trilogy Metals holds a 50 percent interest in Ambler Metals LLC, which owns 100 percent of the projects.
FinancingTrilogy Metals Announces Publication of Federal and State Permitting Schedule for Arctic Project, Establishing Defined Timeline Toward a Record of Decision by September 2028
A coordinated federal and state permitting schedule for the Arctic copper-zinc-lead-gold-silver project in Alaska's Ambler Mining District was published July 13, 2026 on the Federal Permitting Dashboard, with the U.S. Army Corps of Engineers confirmed as lead federal agency. The 29-month timetable targets a Notice of Intent in September 2026, a Draft Environmental Impact Statement in October 2027, a Record of Decision in September 2028 and overall completion in November 2028. Arctic is held by Ambler Metals, Trilogy's 50/50 joint venture with South32.
CorporateTrilogy Metals Reports Second Quarter Fiscal 2026 Results and Provides Update on Federal Permitting Progress and Project Advancement
Second quarter fiscal 2026 results show a net loss of $6.3 million versus $2.2 million a year earlier, and $13.4 million for the six months, with cash of $38.8 million and adjusted working capital of $38.3 million at May 31, 2026. The Arctic copper-zinc-lead-gold-silver project in northwestern Alaska was accepted as a FAST-41 Covered Project on May 15, 2026, following Ambler Metals' April 2026 Clean Water Act Section 404 application. The deadline for the approximately $35.6 million Department of War investment was extended to July 31, 2026.
CorporateTrilogy Metals Announces Commencement of 2026 Summer Field Program at the Upper Kobuk Mineral Projects in Alaska
Field crews have mobilized for the 2026 summer exploration program at the Upper Kobuk Mineral Projects in northwestern Alaska's Ambler Mining District, operated by Ambler Metals LLC, the 50/50 joint venture between Trilogy Metals and South32. The fully funded program covers roughly 40 drill holes totalling a minimum of approximately 5,400 meters using two diamond drill rigs, starting at the Arctic Project on June 15 and continuing into September, plus re-establishment of the Bornite exploration camp and regional target assessments along the 100-kilometer VMS belt. Ron Rimelman was appointed President of Ambler Metals.
Drill resultsTrilogy Metals Provides Update on U.S. Department of War Strategic Equity Investment and Extends Closing Deadline to July 31, 2026
The targeted closing date for the US$35.6 million strategic equity investment by the U.S. Department of War has been extended from May 31, 2026 to July 31, 2026 to finalize definitive documentation. The U.S. Government has completed its Foreign Ownership, Control or Influence risk assessment, Congress has reauthorized the Defense Production Act, and parties are discussing a framework agreement covering financing and construction of the 211-mile Ambler Access Project. The Arctic Project in Alaska was accepted as a FAST-41 Covered Project on May 15, 2026.
FinancingTrilogy Metals Announces Acceptance of Alaska’s High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project into the FAST-41 Federal Permitting Program
The Arctic copper-zinc-lead-gold-silver project in northwestern Alaska's Ambler Mining District has been accepted as a FAST-41 Covered Project on the Federal Permitting Dashboard. The project is held by Ambler Metals LLC, a 50/50 joint venture between Trilogy Metals and South32, which filed a Clean Water Act Section 404 permit application with the U.S. Army Corps of Engineers in April 2026. Designation requires cooperating agencies to be invited within 21 days and a Coordinated Project Plan and permitting timetable within 60 days.
CorporateTrilogy Metals Announces Election of Directors and Voting Results from the 2026 Annual Meeting of Shareholders
All seven director nominees — Tony Giardini, James Gowans, William Hayden, William Iggiagruk Hensley, Gregory Lang, Janice Stairs and Diana Walters — were elected at Trilogy Metals' Annual Meeting of Shareholders held in Vancouver on May 13, 2026, with support ranging from 85.33% to 99.63%. Shareholders also approved the appointment of auditors (99.71% for) and the non-binding advisory vote on executive compensation (94.53% for). A total of 108,434,019 shares, or 62.84% of shares eligible to vote, were represented.
CorporateTrilogy Metals Welcomes Federal Transfer of Dalton Utility Corridor Lands to the State of Alaska, Highlights Positive Implications for Ambler Mining District
The U.S. Department of the Interior is transferring approximately 1.4 million acres of federal land in Alaska's Dalton Utility Corridor to the State of Alaska, via Public Land Order 7966, which partially revoked Public Land Order 5150 and reopened portions of the corridor to state selection. The corridor overlaps the proposed Ambler Road, a 211-mile industrial-use-only road from the Ambler Mining District to the Dalton Highway. Trilogy holds a 50 percent interest in Ambler Metals LLC, owner of the Upper Kobuk Mineral Projects.
CorporateTrilogy Metals Announces Commencement of Permitting for High-Grade Arctic Copper-Zinc-Lead-Gold-Silver Project in Alaska
Ambler Metals, Trilogy's 50/50 joint venture with South32, has submitted a Clean Water Act Section 404 permit application to the U.S. Army Corps of Engineers for the Arctic copper-zinc-lead-gold-silver project in northwestern Alaska, and plans to request an eligibility review under FAST-41. A fully financed 2026 field program, part of a $35-million budget, begins with mobilization by end of May and targets 40 to 45 drill holes and at least 5,650 meters at Arctic.
CorporateTrilogy Metals Reports First Quarter Fiscal 2026 Results and Provides Update on U.S. Federal Strategic Investment and Project Advancement
A net loss of $7.1 million, or $0.04 per share, was reported for the first quarter ended February 28, 2026, versus $3.6 million a year earlier, driven by a $1.5 million non-cash derivative mark-to-market and $3.1 million of stock-based compensation; cash stood at $47.8 million. The binding letter of intent with the U.S. Department of War for the approximately $35.6 million investment was amended on March 30, 2026 to extend the closing deadline to May 31, 2026. Public Land Order 7966 opened about 2.1 million acres along the Dalton Utility Corridor to mineral entry, including lands on the proposed Ambler Road alignment in Alaska.
CorporateTrilogy Metals Announces Date of Annual Shareholders Meeting
Trilogy Metals will hold its 2026 Annual General Meeting on Wednesday, May 13, 2026 at 10:00 am Pacific Time at its office at Suite 901 – 510 Burrard Street, Vancouver, British Columbia. All current directors will stand for re-election, and shareholders of record as of March 20, 2026 are eligible to vote. The 2026 Management Information Circular was filed today with the SEC and Canadian securities regulatory authorities. No presentations or company updates will be provided at the meeting.
CorporateTrilogy Metals Announces Expanded Management Team at Ambler Metals Joint Venture to Advance Upper Kobuk Mineral Projects in Alaska
Four management appointments have been made at Ambler Metals LLC, the 50/50 joint venture between Trilogy Metals and South32 that holds the Upper Kobuk Mineral Projects in northwestern Alaska's Ambler Mining District. Michael Galicki becomes Vice President, Exploration; Cole Schaeffer becomes Vice President, Human Resources, Community and Partnerships; Jenna Tan becomes Vice President, Finance; and Ron Rimelman becomes Senior Director, Permitting. The appointments relate to this year's drilling season, FAST-41 federal permitting and an investment decision on the Arctic Project.
ManagementTrilogy Metals Reports Fiscal 2025 Year-End Results and Highlights Strategic U.S. Federal Support for Domestic Critical Minerals Production
Fiscal 2025 results for the year ended November 30, 2025 show a net loss of $42.2 million ($0.26 per share) versus $8.6 million ($0.05) in fiscal 2024, with cash of $51.6 million. Trilogy signed a binding letter of intent with the U.S. Department of War for a conditional $17.8 million investment of 8,215,570 units at $2.17 each. Ambler Metals approved a $35 million 2026 budget, Trilogy's share $17.5 million, targeting Arctic mine permit submissions in 2026.
CorporateTrilogy Metals Strengthens Strategic Advisory and Leadership Capabilities Following US Federal Investment to Advance Alaska Projects
Egizio Bianchini has been engaged as Strategic Advisor, and Olav Langelaar, Matthew Keevil and Kimberly Lim have been appointed Vice President, Corporate Development; Vice President, Investor Relations and Business Development; and Director, Corporate Communications, respectively. The additions follow the October 6, 2025 announcement of a US federal government investment to advance the Upper Kobuk Mineral Projects in northwestern Alaska, held by Ambler Metals, Trilogy's 50/50 joint venture with South32. Ambler Metals has also begun recruiting key management roles.
Management
20259 releases
Trilogy Metals Announces 2026 Program and Budget for Ambler Metals and the Corporate Budget for the Company
Ambler Metals LLC, the 50/50 joint venture with South32, has approved a 2026 program and budget of approximately $35 million for the Upper Kobuk Mineral Projects in northwestern Alaska, targeting mine permit submissions in 2026 for the Arctic Project, plus geotechnical and condemnation drilling and reopening the Bornite camp. Trilogy approved a 2026 corporate budget of about $5 million and holds over $50 million in cash, after selling 3,513,495 shares at an average $7.12 in October 2025 for roughly $25 million gross. The $35.6 million US federal investment announced October 6, 2025 is expected to close in early 2026.
CorporateTrilogy Metals Enters Into At-The-Market Equity Distribution Agreement
An equity distribution agreement effective November 7, 2025 allows Trilogy Metals to sell up to US$200,000,000 of common shares through an at-the-market program, with Cantor Fitzgerald and BMO Capital Markets as lead agents, alongside Canaccord Genuity, National Bank of Canada Financial and Raymond James (USA). Sales will occur only on the NYSE American, not in Canada, and the agreement terminates on the earlier of October 31, 2028 or reaching US$200,000,000 in gross proceeds. Proceeds would fund development of the Upper Kobuk Mineral Projects in Alaska and general corporate purposes.
FinancingTrilogy Metals Provides Update on the Issuance of Federal Right-of-Way Permits for the Ambler Access Project in Alaska
The Alaska Industrial Development and Export Authority has executed Right-of-Way permits for the Ambler Access Project with the U.S. Army Corps of Engineers, the National Park Service and the Bureau of Land Management, restoring the 50-year right-of-way across federally managed lands originally granted in 2020. The permits follow an October 6, 2025 Presidential decision under Section 1106 of ANILCA. AIDEA plans to update detailed engineering plans, programs and budgets for next year for the 211-mile road in Northwest Alaska.
Corporate