This article has been disseminated on behalf of Trilogy Metals Inc. and may include paid advertising.
Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) reported financial results for the year ended Nov. 30, 2025, highlighting a cash balance of $51.6 million and a $17.8 million strategic investment commitment from the U.S. federal government in support of the Upper Kobuk Mineral Projects in Alaska, held through its 50/50 joint venture Ambler Metals LLC with South32 Limited. The company also approved a $35 million 2026 budget for Ambler Metals to advance permitting and development milestones, including potential mine permit submissions in 2026, as the Alaska Industrial Development and Export Authority executed Right-of-Way permits for the Ambler Access Project and the U.S. government signaled support in facilitating road construction financing, positioning the Arctic copper-silver-zinc-lead-gold deposit for further advancement.
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About Trilogy Metals
Trilogy Metals Inc. is a metals exploration and development company that holds a 50% interest in Ambler Metals LLC, which owns 100% of the Upper Kobuk Mineral Projects in northwestern Alaska. The UKMP is located within the Ambler Mining District, one of the world’s most prospective copper-dominant districts, hosting world-class polymetallic volcanogenic massive sulphide (“VMS”) and carbonate replacement deposits. Exploration has focused on the Arctic VMS deposit and the Bornite copper-cobalt deposit.
Ambler Metals operates under an agreement with NANA Regional Corporation, Inc., supporting responsible exploration and development in cooperation with local communities. Trilogy’s vision is to develop the Ambler Mining District into a premier North American copper producer while respecting subsistence livelihoods.
NOTE TO INVESTORS: The latest news and updates relating to TMQ are available in the company’s newsroom at https://ibn.fm/TMQ
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