Trilogy Metals

TMQ

Market cap $968M

The first two weeks of 2026 have opened the year with a bull run in rare earth stocks, driven by geopolitical tension and aggressive industrial policies. The upward momentum could continue as the U.S. makes definitive moves toward mineral sovereignty.

The Trump administration took the historic step of directly investing U.S.

VANCOUVER, BC , Dec. 17, 2025 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or "the Company") is pleased to announce the program and budget for Ambler Metals LLC, as well as the Company's corporate budget for 2026, reflecting a year focused on advancing the Ambler Mining District toward permitting, technical de-risking, and long-term development. All amounts are in US dollars.

The U.S. government is planning to acquire more equity stakes in critical minerals companies, a White House official stated on Thursday.

TMQ keeps spending tight as Ambler Metals advances Upper Kobuk work, with costs running below budget and financial exposure well controlled.

TMQ's disciplined spending and steady progress at the Ambler project highlight its stronger momentum versus its mining rival.

TMQ jumps 243.1% YTD as it advances work at the Ambler district, yet cash outflows and permitting hurdles still shadow its path forward.

Positive comments from D.A. Davidson analyst Matt Summerville couldn't stop MP Materials shares from falling again early Monday.

TMQ progresses with its Ambler mining district with steady growth, disciplined spending and a clear path toward future growth potential.

VANCOUVER, BC , Nov. 7, 2025 /PRNewswire/ - Trilogy Metals Inc. (NYSE American:TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or "the Company") has entered into an equity distribution agreement, effective as of November 7, 2025 (the "Distribution Agreement"), with Cantor Fitzgerald & Co. and BMO Capital Markets Corp., as lead agents (the "Lead Agents"), and Canaccord Genuity LLC, National Bank of Canada Financial Inc. and Raymond James (USA) Ltd.(collectively with the Lead Agents, the "Agents") for an at-the-market equity program ("ATM Program").