{"id":813312,"date":"2025-02-14T06:33:19","date_gmt":"2025-02-14T11:33:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trilogy-metals-reports-fiscal-2024-year-end-results\/"},"modified":"2025-02-14T06:33:19","modified_gmt":"2025-02-14T11:33:19","slug":"trilogy-metals-reports-fiscal-2024-year-end-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trilogy-metals-reports-fiscal-2024-year-end-results\/","title":{"rendered":"Trilogy Metals Reports Fiscal 2024 Year End Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">VANCOUVER, BC<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 14, 2025<\/span><\/span> \/PRNewswire\/ &#8211; <b>Trilogy Metals Inc. <\/b>(TSX: TMQ) (NYSE American: TMQ) (&#8220;Trilogy Metals&#8221;, &#8220;Trilogy&#8221; or &#8220;the Company&#8221;) announces its financial results for the year and fourth quarter ended <span class=\"xn-chron\">November 30, 2024<\/span>. Details of the Company&#8217;s financial results are contained in the audited consolidated financial statements and Management&#8217;s Discussion and Analysis in our annual report on Form 10-K which will be available on the Company&#8217;s website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4362511-1&amp;h=1215778383&amp;u=http%3A%2F%2Fwww.trilogymetals.com%2F&amp;a=www.trilogymetals.com\" target=\"_blank\" rel=\"nofollow\">www.trilogymetals.com<\/a>,\u00a0on SEDAR+ at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4362511-1&amp;h=573404145&amp;u=http%3A%2F%2Fwww.sedarplus.ca%2F&amp;a=www.sedarplus.ca\" target=\"_blank\" rel=\"nofollow\">www.sedarplus.ca<\/a> and on EDGAR at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4362511-1&amp;h=1863607551&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a>. All amounts are in <span class=\"xn-location\">United States<\/span> dollars unless otherwise stated.<\/p>\n<p>\n        <b>Annual Financial Results<\/b>\n      <\/p>\n<p>The following selected annual financial information is prepared in accordance with U.S. GAAP.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prnpr4 prnpl2 prnvat prntal prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prnpr2 prnpl2 prnvat prntar prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\">in thousands of dollars,<br \/>except for per share amounts<\/span><br \/>\n                  <\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvat prntal prncbts prnrbrb1 prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Selected financial results<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvat prntar prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>November 30, <br \/>2024<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvat prntar prncbts prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>November 30, <br \/>2023<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Exploration expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">36<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">43<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">General and administrative <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,218<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,328<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Investor relations<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">72<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">130<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Professional fees<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">923<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">1,073<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Salaries<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">927<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">753<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Salaries &amp; directors&#8217; fees \u2013 stock-based compensation<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">3,520<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">3,887<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Share of loss on equity investment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2,636<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">7,844<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Comprehensive loss for the year<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(8,587)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(14,951)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvat prntal prnsbtb1 prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Basic and diluted loss per common share<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(0.05)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(0.10)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>For the year ended <span class=\"xn-chron\">November 30, 2024<\/span>, we reported a net loss of <span class=\"xn-money\">$8.6 million<\/span> (or <span class=\"xn-money\">$0.05<\/span> basic and diluted loss per common share) compared to a net loss of <span class=\"xn-money\">$15.0 million<\/span> (or <span class=\"xn-money\">$0.10<\/span> basic and diluted loss per common share) in fiscal 2023. The <span class=\"xn-money\">$6.4 million<\/span> decrease in comprehensive loss in the current year, when compared to fiscal 2023, is due to the decrease in our share of losses of Ambler Metals LLC (&#8220;Ambler Metals&#8221;) of <span class=\"xn-money\">$5.2 million<\/span>, and overall decrease of <span class=\"xn-money\">$0.5 million<\/span> in general and administrative expenses, professional fees and salaries and directors&#8217; expense (stock-based compensation) and partially offset by the increase in interest income of <span class=\"xn-money\">$0.6 million<\/span>.\u00a0 The decrease in our share of losses of Ambler Metals of <span class=\"xn-money\">$5.2 million<\/span> is mainly due to the decrease in corporate wages due to a reduction in staffing and a reduction in mineral property expenses due to a reduction in project activities which was partially offset by the increase in professional fees related to part-time contractors engaged to assist with management of Ambler Metals, along with consultants engaged in government and external affairs.<\/p>\n<p>\n        <b>Outlook for 2025<\/b>\n      <\/p>\n<p>The Company has approved a budget for Ambler Metals for fiscal 2025 in the amount of <span class=\"xn-money\">$5.8 million<\/span> (2024 &#8211; <span class=\"xn-money\">$5.5 million<\/span>). Ambler Metals had <span class=\"xn-money\">$7.5 million<\/span> in cash as at fiscal year end on <span class=\"xn-chron\">November 30, 2024<\/span>. The main focus of this year&#8217;s budget is to support external and community affairs, maintain the <span class=\"xn-location\">State of Alaska<\/span> mineral claims in good standing and the maintenance of physical assets.<\/p>\n<p>The Company has approved a 2025 cash budget for corporate and head office activities of approximately <span class=\"xn-money\">$3.1 million<\/span> (2024 &#8211; <span class=\"xn-money\">$2.8 million<\/span>). The corporate budget consists of personnel and related costs of <span class=\"xn-money\">$0.7 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.7 million<\/span>), professional fees of <span class=\"xn-money\">$1.1 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.6 million<\/span>), investor relations and marketing costs of <span class=\"xn-money\">$0.2 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.1 million<\/span>), office related costs of <span class=\"xn-money\">$0.2 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.4 million<\/span>), insurance costs of <span class=\"xn-money\">$0.5 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.6 million<\/span>), regulatory costs of <span class=\"xn-money\">$0.3 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.3 million<\/span>) and exploration activities of <span class=\"xn-money\">$0.1 million<\/span> (2024 &#8211; <span class=\"xn-money\">$0.1 million<\/span>). Trilogy had <span class=\"xn-money\">$25.8 million<\/span> in cash as at fiscal year end on <span class=\"xn-chron\">November 30, 2024<\/span>. The Company has sufficient cash on hand to fund the approved fiscal 2025 budget of <span class=\"xn-money\">$3.1 million<\/span>.<\/p>\n<p>\n        <b>Liquidity and Capital Resources<\/b>\n      <\/p>\n<p>We expended <span class=\"xn-money\">$1.8 million<\/span> on operating activities during the 2024 fiscal year with the majority of cash spent on corporate salaries, professional fees related to our annual regulatory filings, annual insurance renewal, annual fees paid to the Toronto Stock Exchange and the NYSE American Exchange and with the American and Canadian securities commissions.<\/p>\n<p>As at <span class=\"xn-chron\">November 30, 2024<\/span>, we had <span class=\"xn-money\">$25.8 million<\/span> in cash and working capital (current assets less current liabilities) of <span class=\"xn-money\">$25.3 million<\/span>. During the fiscal year ended <span class=\"xn-chron\">November 30, 2024<\/span>, Trilogy received a total of <span class=\"xn-money\">$25.0 million<\/span> from Ambler Metals as a return of excess cash to the joint venture owners.<\/p>\n<p>Ambler Metals had cash and working capital of <span class=\"xn-money\">$7.5 million<\/span> as at <span class=\"xn-chron\">November 30, 2024<\/span> which is sufficient to fund the approved fiscal 2025 operating budget of <span class=\"xn-money\">$5.8 million<\/span>.<\/p>\n<p>\n        <b>Ambler Mining District Industrial Access Project (&#8220;Ambler Access Project&#8221; or &#8220;AAP&#8221;)<\/b>\n      <\/p>\n<p>On <span class=\"xn-chron\">April 22, 2024<\/span>, the Company announced that the United States Bureau of Land Management (&#8220;BLM&#8221;) had filed the Final Supplemental Environmental Impact Statement (&#8220;SEIS&#8221;) for the AAP on its website. The Final SEIS identifies &#8220;No Action&#8221; as the BLM&#8217;s preferred alternative. The proponent for the AAP is Alaska Industrial Development and Export Authority (&#8220;AIDEA&#8221;) which is a public corporation of the <span class=\"xn-location\">State of Alaska<\/span>. AIDEA&#8217;s purpose is to promote, develop, and advance general prosperity and economic welfare of the people of <span class=\"xn-location\">Alaska<\/span>. AIDEA strongly objected to both the process used by the BLM to reach a &#8220;No Build&#8221; decision and the effect of the decision which AIDEA believes illegally blocks access to statehood lands, minerals, and federally patented mining claims. On <span class=\"xn-chron\">May 8, 2024<\/span>, NANA Regional Corporation, Inc. (&#8220;NANA&#8221;) announced its withdrawal from further involvement with the AAP and stated its intentions to not renew the surface access permit with AIDEA upon the permit&#8217;s expiry during 2024.<\/p>\n<p>On <span class=\"xn-chron\">June 28, 2024<\/span>, the BLM issued the Record of Decision confirming their selection of the No Action alternative and thus denied AIDEA&#8217;s application for a right-of-way grant (&#8220;ROW Grant&#8221;) across BLM-managed lands which terminated the BLM ROW Grant issued to AIDEA on <span class=\"xn-chron\">January 5, 2021<\/span>.<\/p>\n<p>On <span class=\"xn-chron\">January 20, 2025<\/span>, President Trump signed the executive order &#8220;Unleashing Alaska&#8217;s Extraordinary Resource Potential&#8221; which included a direction to various federal agencies to take steps to (i) &#8220;place a temporary moratorium on all activities and privileges granted pursuant&#8221; to the record of decision issued on <span class=\"xn-chron\">June 28, 2024<\/span> &#8220;in order to review such record of decision in light of <span>alleged<\/span> legal deficiencies and for consideration of relevant public interests and, environmental impacts . . . and, as appropriate, conduct a new, comprehensive analysis of such deficiencies, interests, and environmental impacts;&#8221; and (ii) &#8220;reinstate the record of decision signed on <span class=\"xn-chron\">July 23, 2020<\/span>, by the Bureau of Land Management and United States Army Corps of Engineers entitled &#8216;Ambler Road Environmental Impact Statement Joint Record of Decision.'&#8221; The <span class=\"xn-chron\">July 2020<\/span> record of decision approved the development of the northern or &#8220;Alternative A&#8221; route of the proposed 211-mile-long gravel private access road in the southern <span class=\"xn-person\">Brooks Range<\/span> foothills to provide industrial access to the Ambler Mining District. Trilogy is monitoring the impact of the executive order.<\/p>\n<p>\n        <b>Qualified Persons<\/b>\n      <\/p>\n<p>Richard\u00a0Gosse, P.Geo., Vice President Exploration for Trilogy Metals Inc., is a Qualified Person as defined by National Instrument 43-101 &#8211; <i>Standard of Disclosure for Mineral Projects<\/i>. Mr. Gosse has reviewed the technical information in this news release and approves the disclosure contained herein.<\/p>\n<p>\n        <b>About Trilogy Metals<\/b>\n      <\/p>\n<p>Trilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern <span class=\"xn-location\">Alaska<\/span>. On <span class=\"xn-chron\">December 19, 2019<\/span>, South32, a globally diversified mining and metals company, exercised its option to form a 50\/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts in the world. It hosts world-class polymetallic volcanogenic massive sulphide (&#8220;VMS&#8221;) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District \u2013\u00a0the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy&#8217;s vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.<\/p>\n<p>\n        <b><br \/>\n          <i>Cautionary Note Regarding Forward-Looking Statements<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <i>This news release includes certain &#8220;forward-looking information&#8221; and &#8220;forward-looking statements&#8221; (collectively &#8220;forward-looking statements&#8221;) within the meaning of applicable Canadian and <span class=\"xn-location\">United States<\/span> securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, the proposed advancement of the Ambler Road Project, planned activities at the UKMP, the outlook for 2025, the Company&#8217;s anticipated budget for corporate activities and the Company&#8217;s ability to fund its operations and the requirement for additional funding at Ambler Metals, resource estimates, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as &#8220;expects&#8221;, &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;intends&#8221;, &#8220;estimates&#8221;, &#8220;potential&#8221;, &#8220;possible&#8221;, and similar expressions, or statements that events, conditions, or results &#8220;will&#8221;, &#8220;may&#8221;, &#8220;could&#8221;, or &#8220;should&#8221; occur or be achieved. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company&#8217;s expectations include the uncertainties involving the outcome of pending litigation, success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, prices for energy inputs, labour, materials, supplies and services, uncertainties involved in the interpretation of drilling results and geological tests, unexpected cost increases and other risks and uncertainties disclosed in the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">November 30, 2024<\/span> filed with Canadian securities regulatory authorities and with the United States Securities and Exchange Commission and in other Company reports and documents filed with applicable securities regulatory authorities from time to time. The Company&#8217;s forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made. The Company assumes no obligation to update the forward-looking statements or beliefs, opinions, projections, or other factors, should they change, except as required by law.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA19194&amp;sd=2025-02-14\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/trilogy-metals-reports-fiscal-2024-year-end-results-302376640.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/trilogy-metals-reports-fiscal-2024-year-end-results-302376640.html<\/a><\/p>\n<p>SOURCE  Trilogy Metals Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA19194&amp;Transmission_Id=202502140630PR_NEWS_USPR_____VA19194&amp;DateId=20250214\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire VANCOUVER, BC , Feb. 14, 2025 \/PRNewswire\/ &#8211; Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (&#8220;Trilogy Metals&#8221;, &#8220;Trilogy&#8221; or &#8220;the Company&#8221;) announces its financial results for the year and fourth quarter ended November 30, 2024. Details of the Company&#8217;s financial results are contained in the audited consolidated financial statements and Management&#8217;s Discussion and Analysis in our annual report on Form 10-K which will be available on the Company&#8217;s website at www.trilogymetals.com,\u00a0on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated. Annual Financial Results The following selected annual financial information is prepared in accordance with U.S. GAAP. in thousands of dollars,except for per share amounts Selected financial results Year &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trilogy-metals-reports-fiscal-2024-year-end-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Trilogy Metals Reports Fiscal 2024 Year End Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813312","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trilogy Metals Reports Fiscal 2024 Year End Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trilogy-metals-reports-fiscal-2024-year-end-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trilogy Metals Reports Fiscal 2024 Year End Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire VANCOUVER, BC , Feb. 14, 2025 \/PRNewswire\/ &#8211; Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) (&#8220;Trilogy Metals&#8221;, &#8220;Trilogy&#8221; or &#8220;the Company&#8221;) announces its financial results for the year and fourth quarter ended November 30, 2024. Details of the Company&#8217;s financial results are contained in the audited consolidated financial statements and Management&#8217;s Discussion and Analysis in our annual report on Form 10-K which will be available on the Company&#8217;s website at www.trilogymetals.com,\u00a0on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated. 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(TSX: TMQ) (NYSE American: TMQ) (&#8220;Trilogy Metals&#8221;, &#8220;Trilogy&#8221; or &#8220;the Company&#8221;) announces its financial results for the year and fourth quarter ended November 30, 2024. Details of the Company&#8217;s financial results are contained in the audited consolidated financial statements and Management&#8217;s Discussion and Analysis in our annual report on Form 10-K which will be available on the Company&#8217;s website at www.trilogymetals.com,\u00a0on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated. 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