---
schema_version: "secwatch.filing_event.v1"
accession: "0001279569-25-000149"
form_type: "8-K"
ticker: "TMQ"
cik: "0001543418"
company_name: "Trilogy Metals Inc."
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:09:46.743093+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Trilogy Metals Reports Fiscal 2024 Net Loss of $8.6M, Improved from $15.0M

## Summary
- Net loss for fiscal year ended Nov 30, 2024 was $8.6 million ($0.05 per share) vs $15.0 million ($0.10 per share) in 2023.
- Company had $25.8 million cash and working capital of $25.3 million as of Nov 30, 2024; approved 2025 corporate budget of $3.1 million.
- Ambler Metals returned $25.0 million of excess cash to Trilogy during fiscal 2024.
- BLM issued Record of Decision denying AIDEA's right-of-way for Ambler Access Project; Trump executive order may reinstate prior approval.
- Approved fiscal 2025 budget for Ambler Metals of $5.8 million; Ambler Metals had $7.5 million cash at year end.

## SEC filing metadata
- accession: 0001279569-25-000149
- form_type: 8-K
- ticker: TMQ
- cik: 0001543418
- company_name: Trilogy Metals Inc.
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1543418/000127956925000149/0001279569-25-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1543418/000127956925000149/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001279569-25-000149
- JSON: https://secwatch.observer/filing/0001279569-25-000149.json
- Plain text: https://secwatch.observer/filing/0001279569-25-000149.txt

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