Trilogy Metals Reports 43% Loss Reduction, Faces Access Challenges in Alaska

Trilogy Metals Inc. reported its financial results for the year ending November 30, 2024, showing a net loss of $8.6 million, a significant improvement from the $15.0 million loss in fiscal 2023. This decrease in losses is attributed to a reduction in expenses and a decrease in their share of losses from Ambler Metals LLC. Additionally, Trilogy has approved a budget of $5.8 million for Ambler Metals for fiscal 2025, focusing on community affairs and maintaining mineral claims. The company also filed a National Instrument 43-101 technical report for its Bornite copper project, detailing a Preliminary Economic Assessment (PEA) that reflects a 100% ownership basis despite Trilogy holding a 50% interest through Ambler Metals. The PEA results were initially announced on January 15, 2025, and will be available on various regulatory platforms. These developments suggest a strategic positioning for Trilogy in the metal exploration and development sector as they continue to navigate operational and financial challenges.