{"schema_version":"secwatch.filing_event.v1","accession":"0001279569-26-000134","form_type":"8-K","ticker":"TMQ","cik":"0001543418","company_name":"Trilogy Metals Inc.","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.387081+00:00","generated_at":"2026-05-16T02:25:11.232455+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Trilogy Metals fiscal 2025 net loss $42.2M vs $8.6M; U.S. government commits $17.8M","bullets":["Net loss of $42.2M ($0.26/share) driven by $22.6M non-cash derivative loss and $11.4M JV equity loss.","Cash balance $51.6M; fiscal 2025 G&A rose to $1.33M, professional fees to $2.06M from $0.92M in 2024.","U.S. Department of War commits $17.8M for 8.2M units at $2.17/unit; warrants exercisable after Ambler Road construction.","Ambler Metals JV 2026 budget $35M; mine permit submissions targeted in 2026, possibly via FAST-41.","AIDEA executed Right-of-Way permits for Ambler Access Road; U.S. government to help facilitate road financing."],"urls":{"canonical":"https://secwatch.observer/filing/0001279569-26-000134","json":"https://secwatch.observer/filing/0001279569-26-000134.json","markdown":"https://secwatch.observer/filing/0001279569-26-000134.md","text":"https://secwatch.observer/filing/0001279569-26-000134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1543418/000127956926000134/0001279569-26-000134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1543418/000127956926000134/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:25:11.232455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}