Trilogy Metals swings to Q3 net income of USD 200,000 from net loss
TMQ•Trilogy Metals reported Q3 net income of USD 200,000, versus a net loss a year earlier, while its nine-month net loss widened to USD 13.2 million. It had USD 31.2 million in cash at Aug. 31 and closed a USD 17.8 million strategic investment on Sept. 11.
1. Quarterly results
Trilogy Metals reported net income of USD 200,000 for the three months ended Aug. 31, 2026, swinging from a net loss. Comprehensive income was USD 200,000, compared with a comprehensive loss of USD 1.75 million a year earlier. For the nine months, its net loss widened to USD 13.2 million from USD 7.55 million.
2. Cash and investment
At Aug. 31, the company had USD 31.2 million in cash and cash equivalents and USD 30.3 million in adjusted working capital. A strategic investment from the U.S. Department of War closed Sept. 11, with 8,215,570 units issued for gross proceeds of about USD 17.8 million.
