Budget Approval: Trilogy Metals has approved a budget of approximately $35 million for Ambler Metals LLC in 2026, aimed at advancing the Upper Kobuk Mineral Projects in Alaska toward permitting and technical readiness, thereby laying the groundwork for future mine construction.
Permitting Process: The plan anticipates submitting mine permit applications in 2026, potentially leveraging the federal expedited program FAST-41 to enhance project transparency and coordination, ensuring smooth progress.
Exploration Activities: Exploration in 2026 will focus on the Arctic Project, including geotechnical and exploration drilling to support mine design and infrastructure planning, ensuring feasibility for future production.
Financial Position: Trilogy Metals maintains a strong cash position of over $50 million to support its operations and future joint venture requirements, while also expecting to secure approximately $35.6 million in federal strategic investment to support mineral resource development at the mining district.
TMQ
$4.42+Infinity%1D
Analyst Views on TMQ
Wall Street analysts forecast TMQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMQ is 5.50 USD with a low forecast of 3.75 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast TMQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMQ is 5.50 USD with a low forecast of 3.75 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
5 Hold
0 Sell
Hold
Current: 4.450
Low
3.75
Averages
5.50
High
10.00
Current: 4.450
Low
3.75
Averages
5.50
High
10.00
No data
About TMQ
Trilogy Metals Inc. is a metal exploration and development company. The Company holds a 50 % interest in Ambler Metals LLC, which has a 100 % interest in the Upper Kobuk Mineral Projects (UKMP) in northwestern Alaska. The UKMP is located within the Ambler Mining District, which is a prospective known copper-dominant district in the world. It hosts polymetallic volcanogenic massive sulfide (VMS) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits. Its exploration is focused on two deposits in the Ambler Mining District: the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within a land package that spans approximately 190,929 hectares. The Arctic deposit is a polymetallic VMS deposit located over 470 km northwest of the City of Fairbanks, Alaska. The Bornite deposit is a carbonate-hosted copper-cobalt deposit located near Kobuk, Alaska, and is approximately 25 km southwest of its Arctic Project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
