Trilogy Metals Q3 net loss $4.1M, improved from $9.9M YoY; cash $3.0M

Trilogy Metals Inc.

2023-Q3 EPS reported -$0.08

Net loss $4.1M ($0.03/share) vs $9.9M in Q3 2022; nine-month loss $11.9M vs $19.0M.
Share of loss from Ambler Metals fell $6.0M to $2.9M in Q3 due to lower mineral property expenses.
Cash and working capital at $3.0M; Ambler Metals holds $66.9M cash to fund project costs.
USBLM revised SEIS timeline: draft Q3 2023, final Q1 2024, Record of Decision Q2 2024.
Board and senior management taking fees/salary in deferred shares and stock 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 nine-month period ended August 31, 2023 results: net income net loss of $11.9 million.

Period: nine-month period ended August 31, 2023
Net income: net loss of $11.9 million
Result: reported results

Exact text from the filing

For the nine-month period ended August 31, 2023, we reported a net loss of $11.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Trilogy Metals Inc. reported third quarter ended August 31, 2023 results: net income net loss of $4.1 million.

Period: third quarter ended August 31, 2023
Net income: net loss of $4.1 million
Result: reported results

Exact text from the filing

For the three-month period ended August 31, 2023, we reported a net loss of $4.1 million

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Trilogy Metals Inc. filing history →

Source: SEC EDGAR

accession 0001279569-23-001289

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