---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-23-000894"
form_type: "8-K"
ticker: "TMQ"
cik: "0001543418"
company_name: "Trilogy Metals Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:10:47.604145+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001279569-23-000894
- form_type: 8-K
- ticker: TMQ
- cik: 0001543418
- company_name: Trilogy Metals Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1543418/000127956923000894/0001279569-23-000894-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1543418/000127956923000894/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-23-000894
- JSON: https://secwatch.observer/filing/0001279569-23-000894.json
- Plain text: https://secwatch.observer/filing/0001279569-23-000894.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1543418/000127956923000894/0001279569-23-000894-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.