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TMTMQ

Trilogy Metals Inc.

$TMQ·$570M·Industrial Materials·Basic Materials
$3.32-5.4%YTD-20.5%1Y+63.9%
Price updated 15h ago·X counts updated 2d ago
TMTMQ
$TMQTrilogy Metals Inc.
$3.32-5.41%23 posts
AI analysisFundamentalsVoices on X
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On X

The complete picture of $TMQ on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

23X posts · last 7 days
Aug 27Sep 9

AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $TMQ — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventWinding up for a moveAI verdict · as of 2026-09-10

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Trilogy Metals executed definitive agreement for US Dept of War equity investment — TSX30 top performer

Trilogy Metals is a base-metals exploration company (Upper Kobuk projects in Alaska's Ambler mining district).

  • Deal is transformational: definitive agreement for strategic equity investment by US Department of War — a real government backing catalyst.
  • Fundamentals are pre-production: Q2 revenue zero, gross margin zero, operating margin zero, ROIC -9.8%, free-cash yield -1%, essentially unlevered (D/E 0.0008) — clean pre-production structure.
  • Chart is orderly: down 20.5% YTD but up 84% over twelve months, at 18% of the 52-week range, beta 1.65 — TSX30 top performer, a real institutional recognition.

A critical-minerals exploration play with real US government backing; setup rewards patience on funding-to-production timeline.

What to watch: Q3 print Sept 29 for cash runway, project financing progress and any additional government offtake or funding disclosures; a formal capital-market financing package would extend the run.

On the calendar: 2026-09-29 — Q3 earnings

sparse revenuepolicy tailwindsmall cap

Read the AI verdict on $TMQ

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Base metals explorer advancing copper, cobalt, and zinc deposits in Alaska's Upper Kobuk mineral corridor.

Industry overviewAI analysisGenerated by AI from underlying data

Where Industrial Materials sits in its cycle right now — and what that implies for $TMQ.

Industrial Materials · Basic Materials

Critical-mineral and battery-material demand (lithium, cobalt, rare earths, copper) is driven by EV and clean-energy transition; AI-chip manufacturing is a structural demand incremental for rare earths and specialty metals. Trade tensions and mine-supply constraints sustain price premiums.

What this means for $TMQ

Neutral — Trilogy Metals copper/cobalt; development-stage, permitting risk.

Industry benchmark

16-name peer basket
+7.0%YTD
+22.1%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-10.5How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-9.8%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
0.0%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-1.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-40.7%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
0.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 8, 2026$-0.03$-0.01-200.0%
Q1 2026Apr 2, 2026$-0.04$-0.01-166.7%
Q4 2025Feb 17, 2026$-0.21$-0.01-2000.0%
Q2 2025Sep 30, 2025$-0.01$-0.010.0%
Next earningsTue, Sep 29·consensus EPS $-0.01

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$0———$-0.04$-1.0M
Q1 FY26$0———$-0.04$-2.7M
Q4 FY25$0———$-0.21$-558K
Q3 FY25$0———$-0.01$-1.3M

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$907.0M$907.0M – $907.0M-$0.11-$0.11 – -$0.111
FY27$0$0 – $0-$0.07-$0.07 – -$0.070
FY28$0$0 – $0-$0.07-$0.07 – -$0.070

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.5×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.16%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-3.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-19.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 108.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.655-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 28Ltd South3210% owner8.2M sh$17.8MSellMay 8William L. HensleyDirector50.0K sh$222K
+ 4 other (2 awards · 2 exempts) in window

See when $TMQ insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDSep 108-K — Item 7.01: Press release / Reg FD
8-KMaterial agreementAug 318-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KPress release / Reg FDAug 48-K — Item 7.01: Press release / Reg FD
AI summary

TMQ filed an 8-K (Item 7.01) for a Regulation FD disclosure. A presentation or investor communication is being furnished as an exhibit. Reg FD disclosures are furnished rather than filed and are not typically market-moving on their own, but may contain forward-looking statements or strategy updates.

8-KPress release / Reg FDJul 168-K — Item 7.01: Press release / Reg FD
AI summary

Trilogy Metals Inc. (TMQ) disclosed via Reg FD on July 16, 2026 that a coordinated federal and state permitting schedule for its flagship Arctic Project in northwestern Alaska's Ambler Mining District has been published on the Federal Permitting Improvement Steering Council's Permitting Dashboard (permits.performance.gov). The Arctic Project holds copper, cobalt, and zinc resources. A published federal-state permitting schedule is a meaningful milestone because it signals government alignment on the environmental review timeline, a prerequisite for advancing toward construction feasibility.

8-KPress release / Reg FDJun 98-K — Item 7.01: Press release / Reg FD
AI summary

Trilogy Metals Inc. (TMQ) disclosed via an 8-K Item 7.01 (Reg FD) on June 9, 2026 that field crews have mobilized and 2026 summer exploration is underway at the Upper Kobuk Mineral Projects in Alaska, conducted through its joint venture Ambler Metals LLC with South32 Limited. The filing also noted that Ambler Metals appointed a new President. No financial terms were disclosed. Active summer field operations are the primary near-term catalyst for Trilogy, as drill results from the Upper Kobuk projects (including the Arctic VMS deposit) drive exploration-stage valuation.

8-KMaterial agreementJun 18-K — Item 1.01: Material agreement · Item 7.01: Press release / Reg FD
AI summary

Trilogy Metals Inc. (TMQ) and its joint venture partners Ambler Metals LLC and South32 Limited entered into an amendment on May 30, 2026 with the U.S. Department of War, extending the deadline in their binding letter of intent (originally dated October 6, 2025) from May 31, 2026 to July 31, 2026 to allow time to finalize definitive documentation. The transaction in question is a proposed strategic equity investment of US$35.6 million by the DOW into the Ambler Metals joint venture. All other LOI terms remain unchanged. A U.S. government strategic equity stake of $35.6 million in a critical minerals project signals strong geopolitical backing for the Upper Kobuk copper-cobalt assets, which matters for permitting and funding certainty.

8-KPress release / Reg FDMay 158-K — Item 7.01: Press release / Reg FD
8-KShareholder voteMay 148-K — Item 5.07: Shareholder vote · Item 7.01: Press release / Reg FD
+ 10 other (4 8-Ks · 2 10-Qs · 2 proxys · 1 13G) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Trilogy Metals Achieves TSX30 Ranking as Top Performer on the Toronto Stock Exchangeprnewswire.com·2d agoTrilogy Metals: Washington Is Now Part Of The Capital Stackseekingalpha.com·11d agoTrilogy Metals Announces Execution of Definitive Agreements for Strategic Equity Investment by the U.S. Department of Warprnewswire.com·14d agoTrilogy Metals (NYSEAMERICAN:TMQ) Stock Price Crosses Below 200-Day Moving Average – Here’s Whydefenseworld.net·27d agoTrilogy Metals Provides an Update on the Strategic Equity Investment by the U.S. Department of Warprnewswire.com·39d ago

In themes

Explore the broader themes this ticker is being talked about under.

Critical Minerals & Rare Earths

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Voices on X · last 7 days

No standout posts about $TMQ on X in the last 7 days.

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