Trilogy Metals Q3 net loss narrows to $1.6M from $4.1M; cash at $25.7M

Trilogy Metals Inc.

2024-Q3 EPS reported -$0.04

Net loss for Q3 fiscal 2024: $1.6M vs $4.1M in Q3 2023; nine-month loss $7.0M vs $11.9M.
Cash and working capital $25.7M as of Aug 31, 2024; management preserving cash with DSU fees and salary deferrals.
Ambler Metals JV had $9.8M cash; approved $5.5M budget for project support and $2.5M for AAP.
Share of loss from Ambler Metals decreased to $624K in Q3 from $2.9M in Q3 2023 due to reduced activity.

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