Trilogy Metals reports Q2 net loss $2.8M; EPS loss $0.02

Trilogy Metals Inc.

2023-Q2 EPS reported -$0.05

Net loss of $2.8M ($0.02/share) for Q2 ended May 31, 2023, down from $4.1M ($0.03) in Q2 2022.
Cash and equivalents of $4.2M, working capital $3.5M as of May 31, 2023; Ambler Metals JV holds $72.8M cash.
Ambler Access Project 2023 field budget $12.3M approved; USBLM now expects draft SEIS in Q3 2023, final SEIS in Q1 2024.
Completed non-brokered private placement of 5.85M shares at $0.55, gross proceeds $3.2M.
All directors re-elected with >97% votes at May 17, 2023 AGM; directors and senior management taking fees/salary in shares to preserve cash.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trilogy Metals Inc. reported the second quarter ended May 31, 2023 results: net income $2.8 million, EPS (0.02).

Period: the second quarter ended May 31, 2023
Net income: $2.8 million
EPS: (0.02)
Result: reported results

Exact text from the filing

For the three-month period ended May 31, 2023, we reported a net loss of $2.8 million compared to a net loss of $4.1 million for the three-month period ended May 31, 2022.

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Source: SEC EDGAR

accession 0001279569-23-000894

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