Trilogy Metals Reports First Quarter Fiscal 2025 Financial Results

VANCOUVER, BC, April 2, 2025 /PRNewswire/ - Trilogy Metals Inc. (TSX:TMQ) (NYSE:TMQ) ("Trilogy Metals" or the "Company") announces its financial results for the first quarter ended February 28, 2025. Details of the Company's financial results are contained in the interim unaudited consolidated financial statements and Management's Discussion and Analysis which will be available on the Company's website at www.trilogymetals.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. All amounts are in United States dollars unless otherwise stated.

Selected Results

The following selected financial information is prepared in accordance with U.S. GAAP.

in thousands of dollars,except for per share amounts

Three months ended

Selected expenses

February 28, 2025

$

February 29, 2024

$

General and administrative

343

415

Investor relations

16

12

Professional fees

447

200

Salaries

207

191

Salaries and directors expense, stock-based compensation

2,230

1,999

Total expenses

3,232

2,820

Share of loss on equity investment

581

793

Comprehensive loss for the period

(3,623)

(3,601)

Basic and diluted loss per common share

(0.02)

(0.02)

For the three-month period ended February 28, 2025, we reported a net loss of $3.6 million comparable to a net loss of $3.6 million for the three-month period ended February 29, 2024. Comparing the first quarter of 2025 to first quarter of 2024, there was an increase of $0.2 million in professional fees due to increased consulting and legal fees related to the Bornite preliminary economic assessment technical report and the Company's Base Shelf Prospectus filing, offset by a decrease of $0.2 million in our share of losses of Ambler Metals LLC ("Ambler Metals") due to reduction in activities at the Ambler Access Project (as defined below).

Corporate and Project ...

https://www.benzinga.com/pressreleases/25/04/n44602863/trilogy-metals-reports-first-quarter-fiscal-2025-financial-results