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Trilogy Metals Inc. announced that Ambler Metals completed the 2026 summer field program at Upper Kobuk Mineral Projects, drilling 42 holes across approximately 5,200 meters, and appointed David Thomas Senior Vice President, Project Development.
Trilogy Metals reported third-quarter net income of $0.2 million versus a $1.7 million net loss, closed a DOW $35.6 million strategic equity investment, and ended August 31, 2026 with $31.2 million cash.
Trilogy Metals reported net income of $0.2 million for the three months ended August 31, 2026. It completed the United States Department of War investment on September 11, 2026, raising approximately $17.8 million, designated for Ambler Metals.
U.S. Army Corps of Engineers published a Notice of Intent for Trilogy Metals’ Arctic Project, formally commencing National Environmental Policy Act review and public scoping. The schedule targets draft EIS in October 2027 and Record of Decision in September 2028.
