Canada's Trilogy Metals posts bigger 2025 loss on US govt investment accounting

Overview

• Canadian miner's fiscal 2025 net loss widens, mostly due to accounting for the U.S. government's investment

• Company received $17.8 mln strategic investment from U.S. government for critical minerals

• Trilogy accounted for the U.S. government's support as a derivative financial instrument, booking a related loss

Outlook

• Trilogy Metals plans to open Bornite camp for exploration drilling in 2026 summer

• Company targets mine permit submissions in 2026 for Arctic Project

• Ambler Metals approves $35 mln budget for 2026 exploration and development

Result Drivers

• FEDERAL SUPPORT - $17.8 mln investment from U.S. government underscores strategic importance of UKMP for critical minerals

• JOINT VENTURE BUDGET - Approval of $35 mln budget for Ambler Metals to advance Arctic deposit towards production

• LEADERSHIP EXPANSION - Expanded leadership and advisory capacity to support permitting and project execution

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the diversified mining peer group is "buy."

• Wall Street's median 12-month price target for Trilogy Metals Inc is C$7.75, about 36% above its February 13 closing price of C$5.70

Press Release: ID:nPn3km49Fa

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