EX-99.1 2 ex991.htm NEWS RELEASE DATED JULY 8, 2026 Exhibit 99.1 Trilogy Metals Reports Second Quarter Fiscal 2026 Results and Provides Update on Federal Permitting Progress and Project Advancement VANCOUVER, BC, July 8, 2026 /CNW/ - Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") announces its financial results for the second quarter ended May 31, 2026, and provides an update on the federal permitting process for the Arctic Project, project advancement at the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska, and the broader regulatory and policy environment supporting domestic critical minerals development. 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. Financial and Operational Highlights Strong cash balance of $38.8 million as at May 31, 2026, with adjusted working capital of $38.3 million, providing the financi…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Trilogy Metals Inc
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On July 8, 2026, Trilogy Metals Inc. issued a press release reporting financial results for the second quarter ended May 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.…
Company context
Trilogy Metals Inc. is a metal exploration and development company holding a 50 percent interest in Ambler Metals LLC, which has a 100 percent interest in the Upper Kobuk Mineral Projects ("UKMP") in northwestern Alaska. On December 19, 2019, South32 Limited, a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy Metals. The UKMP is located within the Ambler Mining District which is one of the richest and most prospective known copper-dominant districts in the world. It hosts polymetallic volcanogenic massive sulfide ("VMS") deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler Mining District - the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. Ambler Metals has an agreement with NANA Regional Corporation, Inc., an Alaska Native Corporation, that provides a framework for the exploration and potential development of the Ambler Mining District in cooperation with local communities. Trilogy Metals' vision is to develop the Ambler Mining District into a premier North American copper producer while protecting and respecting subsistence livelihoods.