Trilogy Metals

TMQ

Market cap $763M

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").

American rare earth stocks, like American Resources (AREC), USA Rare Earth (USAR), and United States Antimony (UAMY), plunge as US–China tensions ease ahead of President Trump and President Xi's meeting on Thursday in South Korea. William Blair analyst Neal Dingmann outlines how to invest in the rare earth space.

China is reopening rare earth exports in what Kevin Green calls a "mixed" meeting between President Trump and Chinese President Xi Jinping. He urges investors to keep an eye on rare earth stocks like MP Materials (MP), USA Rare Earth (USAR), and Critical Metals Corp. (CRML) as volatility hits the space yet again.

Shares of US-listed rare earth miners rose in premarket trading Thursday after Washington and Beijing reached a framework for a trade deal that could pause planned US tariffs and Chinese export controls on critical minerals.

Shares of Critical Metals, USA Rare Earth and Energy Fuels rose in premarket on Thursday. Beijing agreed to pause the introduction of further export controls on rare earths for one year following President Donald Trump's meeting with China's Xi Jinping.