Trilogy Metals Inc - TMQ STOCK NEWS

Trilogy Metals Inc. has released promising drilling results from the 2022 field season at the Upper Kobuk Mineral Projects in northwestern Alaska. The latest assay results, covering 17 additional holes, show high-grade copper, zinc, lead, gold, and silver mineralization, with copper equivalent grades exceeding 14%. The 2022 drilling program included 10,738 meters, focusing on infill drilling at the Arctic deposit, which is recognized for its exceptional grades. CEO Tony Giardini highlighted the project's potential, while VP Richard Gosse confirmed the results align with the resource model, showcasing consistent mineralization in key zones.

Trilogy Metals Inc. (AMEX: TMQ) reported its fiscal 2022 results, revealing a net loss of $24.3 million or $0.17 per share, compared to $21.7 million or $0.15 per share in 2021. The increase in loss was driven by a $4.3 million rise in share losses from Ambler Metals due to higher mineral property expenses. The company maintains a cash position of $2.6 million for operations, while its joint venture partner, South32, holds $80.8 million for project advancement. The 2023 budget for Ambler Metals is set at $9.2 million for the UKMP and $1.0 million for the Ambler Access Project.

Trilogy Metals has released an updated Feasibility Study (2023 FS) for its Arctic Copper-Zinc-Lead-Silver-Gold Project in Alaska, highlighting a pre-tax Net Present Value (NPV) of $1.5 billion and an Internal Rate of Return (IRR) of 25.8%. At current metal prices, the pre-tax NPV increases to $2.1 billion with an IRR of 31.5%. The project entails a 10,000 tonne-per-day operation over a minimum 13-year mine life. Key factors include increased capital costs of $1.18 billion and estimated closure costs of $428 million. The conference call to discuss these results is scheduled for February 15, 2023.

Trilogy Metals (TMQ) announced it will release updated Feasibility Study results for its Arctic Copper-Zinc-Lead-Silver-Gold Project in Alaska before the market opens on February 14, 2023. An investor webinar is scheduled for February 15, 2023, at 10:00 am PT, to discuss these results. The Arctic project is part of the Ambler Mining District, rich in copper and other metals. Trilogy holds a 50% stake in Ambler Metals LLC, which controls the Upper Kobuk Mineral Projects in Northwestern Alaska, a key area for mining and exploration.

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.