Microcap Ledger

Tickers · $TMQ

Trilogy Metals Inc. $TMQ

By Microcap Ledger desk · CIK 0001543418

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
NYSE American
Sector
Gold and Silver Ores
Headquarters
Vancouver, British Columbia, Canada
Fiscal year end
November 30
Shares outstanding
181,361,209 [10-Q 2026-10-02]
as of 2026-10-02

Sources: [10-K 2026-02-17]

What the company doesAI summary of filing

Trilogy Metals Inc. is a pre-revenue mineral exploration and development company focused on the Upper Kobuk Mineral Projects in Northwest Alaska. The company holds a 50% interest in Ambler Metals LLC, which operates the Arctic Project (a polymetallic volcanogenic massive sulfide deposit) and the Bornite Project (a carbonate-hosted copper deposit). Trilogy generates no current revenue and is advancing these projects through exploration, resource definition, and feasibility studies to support future production decisions. The company also conducts early-stage exploration through a wholly owned subsidiary. [10-K 2026-02-17]

Segments: Arctic Project, Bornite Project

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
9 months to Aug 2026—−$13.16M −$4.89M$31.21M[10-Q 2026-10-02]
FY ended Nov 2025—−$42.24M −$3.25M$51.61M[10-K 2026-02-17]
FY ended Nov 2024—−$8.59M −$1.83M$25.83M[10-K 2026-02-17]
Quarterly cash burn
−$1.63M

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2025-02-14163,941,185[10-K 2025-02-14]
2025-04-02164,216,410[10-Q 2025-04-02]
2025-07-10164,241,410[10-Q 2025-07-10]
2025-10-02164,311,410[10-Q 2025-10-01]
2026-02-17172,545,639[10-K 2026-02-17]
2026-04-02175,545,639[10-Q 2026-04-02]
2026-07-08172,745,639[10-Q 2026-07-08]
2026-10-02181,361,209[10-Q 2026-10-02]
Shelf registration
S-3ASR filed 2025-10-31 [S-3ASR 2025-10-31]

Listing status

Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-08-28South32 Ltdsell8,215,570$2.17[4 2026-09-01]
2026-05-08Hensley William L. Iggiagrukexercise50,000$0.57[4 2026-05-12]
2026-05-08Hensley William L. Iggiagruksell50,000$4.44[4 2026-05-12]
2026-04-23Walters Diana Jexercise50,000$1.61[4 2026-04-24]
2026-02-26Hensley William L. Iggiagruksell25,107$4.40[4 2026-02-27]
2025-12-26Kaplan Thomas Scottother540,406—[4 2025-12-29]
2025-12-26Kaplan Thomas Scottother416,666—[4 2025-12-29]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.