Trilogy Metals Stocks Skyrocket Over 200% in Premarket Trading

Trilogy Metals shares skyrocketed nearly 200% in premarket trading after the US government announced a $35.6 million investment in the company, taking a 10% stake in the Canadian minerals explorer. This investment aims to unlock domestic supplies of copper and other critical minerals in Alaska’s Ambler mining district.

Key Details:

• Investment Details: The US government will invest $35.6 million in Trilogy Metals, acquiring a 10% stake in the company.
• Project Overview: The Ambler mining district is home to some of the world’s richest known copper-dominant polymetallic deposits, and the project is expected to secure domestic supply chains for minerals like copper, cobalt, zinc, and lead.
• Company Response: Trilogy Metals welcomed the decision, stating it reflects a renewed federal commitment to responsible resource development in Alaska.
• Opposition Concerns: Critics argue that the Ambler Road project, a 211-mile industrial road through Alaskan wilderness, will harm landscapes supporting local communities and wildlife.

Market Performance:

• Share Price: Trilogy Metals’ stock jumped as much as 205% in premarket trade, with the stock trading 171% higher at 11:00 a.m. London time.
• Market Capitalization: The company’s market capitalization is approximately $479.79 million, although the NYSE-American listed shares had a market cap of $345.20 million, with 164.31 million shares outstanding ¹ ² ³.

Recent Financials:

• Earnings Report: Trilogy Metals reported a net income loss of $9.18 million, with an EPS of -$0.01 for the quarter ending September 30, 2025.
• Revenue: The company has not reported revenue for the trailing twelve months (TTM)