Trilogy Metals Inc. TMQ

3.20 (0.05) (1.54%) as of 25 Sep
Market cap
$575.3M
P/E
0.0×

Insider Decisions

Total sells 26.90
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 7 — 1 — 1 — — 1 — — 1 —
Insider Ownership 33.54%

Capital & Financial Ratios

Market Cap 575.26
Revenue —
Net Income (49.85)
Free Cash Flow (5.60)
Net Debt (38.84)
Current Ratio 1.11
Debt/Equity 0.00
P/E ratio 0.00
P/S ratio 0.00
P/B ratio 4.76
Past 5Y EPS Growth 23.61%
This Y EPS Growth 58.97%
Next Y EPS Growth 31.25%
Next 5Y EPS Growth 35.43%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 3 26 52 39
Receivables 0 0 0 0
Inventory — — — —
Other 0 0 0 0
3 26 52 39
2023 2024 2025 Q'26
Payables 0 1 2 1
ST’ Debt — — — —
Other — — 31 35
0 1 33 35
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 9.42% (7.55%) (5.14%)

Revenue

Year
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Feb May Aug Nov Year
’26 (3) (1) — — —
’25 (1) (1) (1) (1) (3)
’24 (1) 0 (1) 0 (2)
’23 (1) (1) (1) 0 (3)
’22 (1) (1) 0 (1) (4)
’21 (1) (1) (1) (1) (5)
’20 (4) (3) 0 (2) (8)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Feb May Aug Nov Year
’26 (3) (1) — — —
’25 (1) (1) (1) (1) (3)
’24 (1) 0 (1) 0 (2)
’23 (1) (1) (1) 0 (3)
’22 (1) (1) 0 (1) (4)
’21 (1) (1) (2) (1) (5)
’20 (4) (3) 0 (2) (8)
in millions of $ · fiscal quarters ending in the months shown

EPS

Feb May Aug Nov Year
’26 (0.04) (0.04) — — —
’25 (0.02) (0.01) (0.01) (0.21) (0.26)
’24 (0.02) (0.01) (0.01) (0.01) (0.05)
’23 (0.03) (0.02) (0.03) (0.02) (0.10)
’22 (0.03) (0.03) (0.07) (0.04) (0.17)
’21 (0.03) (0.02) (0.05) (0.05) (0.15)
’20 1.16 (0.02) (0.02) (0.01) 1.12
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
0.15 0.45 1.05 1.50 1.03 1.41 0.50 0.39 0.25 1.06

Analyst estimates 2026–2028

Powerpack
Low Price
0.86 1.35 2.34 3.13 2.74 3.06 1.70 0.85 1.40 11.29
High Price
7 8 12 13 8 7 5 5 5 5
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
— — — — — — — — — —
Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% — — —
Gross Margin
(9) (21) (22) (28) 162 (22) (24) (15) (9) (42)
EBT
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBT Margin
(5) (21) (22) (28) 162 (22) (24) (15) (9) (42)
Net Income
0 0 0 0 0 0 0 0 0 —
Depreciation
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Revenue/Sh
(0.05) (0.20) (0.18) (0.21) 1.14 (0.15) (0.17) (0.10) (0.05) (0.26)
Earnings/Sh
(0.08) (0.15) (0.18) (0.17) (0.06) (0.04) (0.03) (0.02) (0.01) (0.02)
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
(0.08) (0.15) (0.18) (0.18) (0.06) (0.04) (0.03) (0.02) (0.01) (0.02)
Free CF/Sh
0.44 0.24 0.26 0.14 1.30 1.15 1.00 0.90 0.83 0.75
Book Value/Sh
105 106 122 135 141 144 146 153 160 165
Shares
— — — — — — — — — —
PE Ratio
— — — — — — — — — —
PS Ratio
— — — — — — — — — —
PB Ratio
— — — — — — — — — —
EV/Sales
— — — — — — — — — —
EV/FCF
(9) (15) (22) (23) (8) (5) (4) (3) (2) (3)
Op' Cash Flow
0 0 0 (1) — — 0 — — —
Capex
(9) (16) (22) (24) (8) (5) (4) (3) (2) (3)
FCF
15 5 22 18 10 6 2 2 25 19
Working Cap'
— — — — 1 0 0 — — —
Total Debt
(15) (8) (23) (19) (11) (6) (3) (3) (26) (52)
Net Debt
46 26 32 18 184 166 145 138 133 124
Sh' Equity
(9.93%) (48.50%) (46.03%) (52.51%) 136.58% (12.29%) (15.48%) (10.53%) (6.32%) (29.03%)
ROA
(17.82%) (66.62%) (148.76%) 0.00% (4.40%) (3.37%) (3.07%) (3.35%) (3.91%) (8.12%)
ROIC
(10.07%) (58.77%) (75.51%) (110.59%) 160.11% (12.38%) (15.58%) (10.57%) (6.35%) (32.88%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Trilogy Metals Inc. peers in Other Industrial Metals & Mining

All 46 Other Industrial Metals & Mining stocks →

Trilogy Metals Inc. (TMQ) key facts

  • Trilogy Metals Inc. (TMQ) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on NYSE American.
  • Trilogy Metals Inc. reported a net loss of CAD 42.2 million, or a loss of CAD 0.26 per share, for fiscal 2025.
  • As of September 25, 2026, TMQ traded at $3.20, a market capitalization of $575.3 million.
  • Return on equity was −32.9% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Trilogy Metals Inc. (TMQ) Latest News

News by impact score

Fine-tune

21 Sep

4

Trilogy Metals announced that the U.S. Army Corps of Engineers published a Notice of Intent to prepare an Environmental Impact Statement for the Arctic Copper-Zinc-Lead-Gold-Silver Project in Alaska's Ambler Mining District, launching the NEPA public scoping phase and a coordinated federal/state permitting timetable under FAST-41. Ambler Metals LLC, the 50/50 venture with South32, plans a 29-month review with a draft EIS targeted for October 2027 and a Record of Decision in September 2028, aiming for overall permitting completion in November 2028. The NOI follows Ambler Metals' 404 permit application filed April 20, 2026. Company executives emphasized disciplined, transparent progress and expected economic benefits to Northwest Alaska communities, while maintaining commitments to environmental standards and subsistence lifestyles. Accelerates the permitting timeline under FAST-41 and signals a clearer path to a draft EIS and decision, potentially reshaping the Arctic Project's schedule and investor outlook.

11 Sep

4

Trilogy Metals closes US$35.6 million strategic equity investment from the U.S. Department of War. US government equity investment delivers major capital and strategic support that can reshape Trilogy Metals' project funding and long-term trajectory.

9 Sep

3

Trilogy Metals Inc. achieved TSX30 ranking as a top performer on the Toronto Stock Exchange. TSX30 ranking boosts visibility and short-term investor sentiment for Trilogy Metals without shifting operations or strategy.

31 Aug

4

Trilogy Metals Inc. signs $35.6 million equity investment agreements with the US Government for Alaska projects. US government equity funding secures major resources for Alaska projects and strengthens financial and operational outlook.

28 Aug

5

Trilogy Metals Inc. executed definitive agreements for a strategic equity investment by the U.S. Department of War. U.S. government equity stake delivers major capital and strategic backing that redefines Trilogy Metals' long-term trajectory.

3 Aug

4

Trilogy Metals issues update on strategic equity investment by the U.S. Department of War. U.S. Department of War equity investment delivers major government backing that can shift Trilogy Metals trajectory and investor sentiment.

4

Trilogy Metals provides update on strategic equity investment by the U.S. Department of War. U.S. government equity investment provides major funding and strategic validation for Trilogy Metals.

4

Trilogy Metals Inc. defined one of America's largest domestic sources of ammunition metal in Nevada, addressing the U.S. inability to produce it domestically. Major domestic discovery of strategic ammunition metal elevates Trilogy Metals' position in national supply chains and boosts long-term prospects.

16 Jul

4

Trilogy Metals published federal and state permitting schedule for Arctic Project, defining timeline to Record of Decision by September 2028. Permitting schedule publication provides clear path to 2028 decision for Arctic project.

4

Trilogy Metals released federal and state permitting schedules for the Arctic Project. The timeline leads to a Record of Decision by September 2028. Defined permitting timeline to 2028 decision reduces regulatory uncertainty and supports project advancement for Trilogy Metals.

8 Jul

4

Trilogy Metals Inc. reported second quarter fiscal 2026 results along with updates on federal permitting progress and project advancement. Federal permitting updates and quarterly results can materially shift project timelines and investor views for Trilogy Metals.

4

Trilogy Metals reported second quarter fiscal 2026 results and provided updates on federal permitting progress and project advancement. Federal permitting progress and project advancement updates signal major regulatory steps that can reshape development timelines and investor outlook.

23 Jun

4

Commissioning of Hydromet Demonstration Facility could fuel USAR's growth with direct implications for Trilogy Metals Inc. (TMQ) operations and positioning. Facility commissioning represents major strategic progress in processing technology likely to alter TMQ trajectory and investor views.

4 Jun

4

Trilogy Metals (TMQ) advances toward securing a major funding milestone while infrastructure discussions remain active. Progress on major funding and infrastructure directly supports project advancement and lifts future valuation prospects.

1 Jun

4

Closing date extended for US government's planned investment in Trilogy Metals. US government investment extension signals strategic funding support that can materially improve Trilogy Metals valuation and operations.

4

Trilogy Metals updates on U.S. Department of War strategic equity investment and extends closing deadline to July 31, 2026. U.S. Department of War equity investment delivers major strategic funding and validation that can significantly shift Trilogy Metals trajectory and investor sentiment.

4

Trilogy Metals updated on its U.S. Department of War strategic equity investment and extended the closing deadline to July 31, 2026. Government equity investment with extended timeline signals major funding support altering company trajectory.

15 May

4

Stillwater Facility ramp-up could propel long-term growth for Trilogy Metals' USAR project, enhancing production capacity and market positioning for critical minerals. Facility ramp-up represents a major strategic advancement for USAR, potentially transforming Trilogy Metals' production scale and investor outlook.

4

Trilogy Metals Inc. announces acceptance of its high-grade Arctic Copper-Zinc-Lead-Gold-Silver Project in Alaska into the FAST-41 Federal Permitting Program, which accelerates environmental reviews and permitting for major infrastructure projects. FAST-41 acceptance streamlines federal permitting for the Arctic project, de-risking development timelines and boosting investor confidence in TMQ's growth trajectory.

4

Trilogy Metals announces acceptance of its high-grade Arctic copper-zinc-lead-gold-silver project in Alaska into the FAST-41 federal permitting program. FAST-41 acceptance expedites federal permitting for Trilogy Metals' key Arctic project, likely enhancing project advancement and market valuation.

7 May

4

Trilogy Metals welcomes the federal transfer of Dalton Utility Corridor lands to the State of Alaska, highlighting positive implications for infrastructure access and development in the Ambler Mining District. Federal land transfer facilitates potential road and utility access critical for Trilogy Metals' Ambler Mining District projects, significantly advancing permitting and development prospects.

4

Trilogy Metals welcomes U.S. federal transfer of Dalton Utility Corridor lands to Alaska, highlighting positive implications for infrastructure access and development in the Ambler Mining District. Federal land transfer to Alaska enables potential road access to Ambler Mining District, significantly advancing Trilogy Metals' key copper-zinc project permitting and viability.

21 Apr

4

Trilogy Metals Inc. announces commencement of permitting for its high-grade Arctic copper-zinc-lead-gold-silver project in Alaska. Commencing permitting advances a flagship multi-metal project toward potential production, significantly boosting Trilogy Metals' development trajectory and investor interest.

2 Apr

4

Trilogy Metals Inc. reported first quarter fiscal 2026 financial results and provided updates on U.S. federal strategic investment and project advancement. Federal strategic investment updates alongside quarterly results signal major funding and advancement potential for key projects, significantly influencing future trajectory and investor sentiment.

4

Commissioning of the Stillwater Facility could mark a turning point for USAR, signaling major progress for Trilogy Metals Inc. (TMQ) in advancing its mining projects. Stillwater Facility commissioning accelerates USAR development, representing a significant strategic milestone for TMQ's growth and investor confidence.

3

Trilogy Metals Inc. (TMQ) stock rose 0.25% in U.S. after-hours trading despite reporting a wider loss for Q1 FY26, accompanied by updates on U.S. Federal Strategic Investment. Wider Q1 FY26 loss offsets potential positives from U.S. federal strategic investment updates, yielding moderate impact on financials and investor sentiment.

4 Mar

3

USA Rare Earth explores Stillwater Facility as cornerstone for growth trajectory, with key implications for Trilogy Metals Inc. (TMQ) operations and rare earth positioning. Stillwater Facility's role could moderately enhance TMQ's strategic growth and market sentiment in rare earths.

23 Feb

4

Trilogy Metals Inc. announced an expanded management team at the Ambler Metals joint venture to advance the Upper Kobuk Mineral Projects in Alaska. Expanding the management team at the Ambler Metals JV accelerates development of Trilogy Metals' flagship Upper Kobuk projects, boosting strategic progress and investor sentiment.

4

Trilogy Metals Inc. announces expanded management team at Ambler Metals joint venture to advance Upper Kobuk Mineral Projects in Alaska. Expanding the management team accelerates advancement of core Upper Kobuk projects, boosting Trilogy Metals' development trajectory and investor sentiment.

19 Feb

4

Trilogy Metals Inc. (TMQ) stock is crashing this week due to key developments impacting the company's operations and investor sentiment. Stock crash signals major setback affecting market performance and future trajectory.

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