Trilogy Metals Q2 net loss $6.3M; Arctic Project accepted into FAST-41 federal permitting program

Trilogy Metals Inc.

2026-Q2 EPS reported -$0.08

Net loss of $6.3M for Q2 ended May 31, 2026, vs $2.2M loss a year ago; basic loss per share $0.04.
Cash balance $38.8M; adjusted working capital $38.3M; sufficient for next 12 months.
Arctic Project accepted as FAST-41 'Covered Project' on May 15, 2026, with coordinated federal review schedule.
DOW strategic investment of ~$35.6M extended to July 31, 2026; second amendment to letter of intent.
2026 summer field program commenced with two drill rigs; ~5,400 meters planned.

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