Trilogy Metals - TMQ STOCK NEWS

Trilogy Metals announced an updated mineral resource estimate for its Bornite Project in Alaska. At a 0.50% copper cut-off grade, the project has in-pit indicated resources of 41.7 million tonnes at 1.04% copper, equating to 955 million pounds of contained copper. Additionally, in-pit inferred resources are 93.9 million tonnes at 0.98% copper, totaling 2.0 billion pounds. The South Reef and Ruby Zone below-pit resources add inferred resources of 50.3 million tonnes at 2.97% copper. A technical report will be filed within 45 days, outlining these findings.

On January 11, 2022, Trilogy Metals announced a $28.5 million budget for the 2022 program and advancement of the Upper Kobuk Mineral Projects (UKMP) in Northwestern Alaska. This budget is fully funded by Ambler Metals LLC, a joint venture with South32. The program includes up to 10,000 meters of drilling, focusing on resource development at the Arctic Project and exploration targets. An independent review confirmed the permitting strategy for the Arctic Project is sound, with applications expected to be submitted in early 2022, initiating a process taking 24 to 30 months.

Trilogy Metals Inc. (TMQ) has released promising results from its 2021 Arctic drill program, emphasizing high-grade mineralization consistently exceeding copper-equivalent grades of 10%. Significant findings include 19.91 meters of 6.75% copper in hole AR21-0176 and 10.12 meters of 3.21% copper in hole AR21-0174. The program aimed to upgrade resources and support metallurgical testing, with assays from remaining holes expected soon. The Arctic Project is noted for some of the highest grades globally, with a strong potential to rival African projects in both quality and geopolitical stability.

Trilogy Metals Inc. (TMQ) announced promising initial drilling results from the 2021 Arctic Project in Northwestern Alaska. The summer program involved 4,131 meters of diamond drilling across 18 holes. Notably, holes AR21-0173 and AR21-0175 revealed high-grade mineralization extending beyond the defined pit, with significant copper, zinc, and silver grades. AR21-0175 recorded 24.94 meters of 1.85% copper and 3.55% copper equivalent, while AR21-0173 showed 3.77 meters of 2.15% copper and 3.85% copper equivalent. The results support the project's high-grade mineral potential.

Trilogy Metals Inc. (TMQ) reported financial results for Q3 ended August 31, 2021, showing a net loss of $7.7 million or $0.05 per share, an increase from a loss of $3.2 million in Q3 2020. Key highlights include $6.8 million in cash and a completed summer exploration program at the Upper Kobuk Mineral Projects (UKMP). Despite adverse weather and staffing challenges affecting drilling productivity, plans for 14,600 meters of drilling were ongoing. Trilogy also continues to navigate legal proceedings concerning the Ambler Access Project, with a focus on future drilling results and project advancements.

Trilogy Metals Inc. (TMQ) announced the staking of three claim blocks near the Upper Kobuk Mineral Projects in northwestern Alaska. These claims, which cover a total of approximately 55,680 acres, are strategically located along the proposed Ambler Access Road and are prospective for Arctic-type volcanogenic massive sulphide deposits. A preliminary reconnaissance was conducted earlier this year, with results being compiled for future exploration plans. CEO Tony Giardini emphasized the company's commitment to leveraging its exploration expertise to enhance shareholder value.

On September 7, 2021, Trilogy Metals (TSX: TMQ; NYSE American: TMQ) provided an update on the summer field activities at the Upper Kobuk Mineral Projects in Northwestern Alaska. Despite adverse weather and staffing challenges causing drilling productivity delays, the company successfully completed its metallurgical drilling program. A total of 4,129 meters from 18 holes were drilled at the Arctic Project, with additional regional exploration underway. The project remains on track for permitting, expecting to file a Notice of Intent by year-end, with the overall permitting process anticipated to take 24 to 30 months.

Trilogy Metals (TMQ) reported its Q2 2021 results, showcasing a working capital of $8.1 million and cash of $8.4 million. The Ambler Access Project budget for the 2021 field season, totaling $13 million, was approved, split equally between AIDEA and Ambler Metals LLC. The company's exploration initiatives at the Upper Kobuk Mineral Projects have commenced, supported by a $27 million budget. However, the firm recorded a net loss of $3.4 million in Q2, with a six-month loss reaching $7.9 million, down from a profit of $168 million in the previous year.

Trilogy Metals (TMQ) reported positive outcomes from its Annual Meeting of Shareholders held on May 19, 2021. A total of 82.77% of issued shares were represented. All proposals were approved, including the election of directors. Notable voting results include Tony Giardini receiving 99.85% support. The appointment of auditors also gained 99.31% approval. Proposals related to equity plans showed significant backing, though with 16.71% against for unallocated entitlements and 16.63% against for the Ambler Metals Equity Plan. Detailed results are available on SEDAR and EDGAR.