Trilogy Metals posts Q3 net income of $0.2M; DOW $17.8M investment closed; Arctic ROD targeted for Sept 2028

Trilogy Metals Inc.

2026-Q3 EPS reported -$0.08

Q3 FY2026 net income of $0.2M versus a $1.7M net loss a year earlier, aided by an $11.6M non-cash derivative gain; nine-month net loss widened to $13.2M from $7.5M.
Cash of $31.2M and adjusted working capital of $30.3M at August 31, 2026; Q3 share of loss on the Ambler Metals equity investment was $9.6M versus $0.9M a year ago.
DOW strategic investment closed Sept. 11, 2026: 8,215,570 units at $2.17 for ~$17.8M gross, plus warrants for 6,161,678 shares at $0.01 exercisable on Ambler Road Phase 1 completion; DOW holds ~9.1%.
USACE published a Notice of Intent for the Arctic Project EIS in September 2026; the coordinated federal-state schedule sets a 29-month review targeting a Record of Decision in September 2028.
Nine months used $4.9M in operations and $17.0M for Ambler Metals of its $17.5M FY2026 budget share; $1.4M raised via the ATM program and option exercises.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.