TMC The Metals Company is attempting to build a mining operation under the ocean. USA Rare Earth has rare-earth metals processing assets and is looking to build a rare-earth metals mine.

Trilogy Metals Inc. (TMQ) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
the company's total reliance on a $47.8 million cash reserve to fund ongoing administrative losses of $4.7 million per quarter, combined with indefinite regulatory delays, presents an unfavorable risk-reward proposition.
Trilogy Metals Inc. (TMQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Trilogy Metals Inc. (TMQ) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 2, 2026 | $0.03vs $0.01-200.0% | — |
| Q2 2026 | Apr 1, 2026 | $0.04vs $0.01-300.0% | — |
| Q1 2026 | Feb 17, 2026 | $0.11vs $0.11+0.0% | — |
| Q4 2025 | Sep 30, 2025 | $0.01vs $0.01+0.0% | — |
Recent stock market news and headlines for Trilogy Metals Inc. (TMQ)
TMC The Metals Company is attempting to build a mining operation under the ocean. USA Rare Earth has rare-earth metals processing assets and is looking to build a rare-earth metals mine.

The Department of Defense's Office of Strategic Capital on Thursday announced a $725 million conditional loan commitment with Energy Fuels Inc. (AMEX:UUUU) to expand domestic rare earth processing at its White Mesa Mill in Utah and fund a new rare earth metals and alloy facility in the U.S.

Trilogy Metals offers exposure to high-grade Arctic and Bornite copper projects in Alaska, with South32 as a JV partner. Arctic's robust feasibility metrics—5% copper equivalent, $1.1B NPV8, 22.8% IRR, low cash cost—anchor the investment case. Ambler Road permitting and U.S. critical minerals policy are pivotal catalysts; project value hinges on infrastructure progress.

Key metrics vs top competitors for Trilogy Metals Inc. (TMQ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.23 | $557.32M | -12.42 | — | — | -32.88% | — | |
| $4.39 | $1.17B | -13.30 | 17.71% | -36.33% | -41.36% | — | |
| $9.24 | $182.17M | -2.90 | -0.05% | -27.37% | — | — | |
| $59.27 | $85.18B | 38.99 | 1.12% | 10.34% | 8.91% | — | |
| $169.75 | $141.63B | 32.40 | 17.38% | 34.16% | 45.67% | — | |
| $59.35 | $28.58B | 29.81 | 18.56% | 14.91% | 7.09% | — |
Trilogy Metals Inc. (TMQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Trilogy Metals Inc. (TMQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jun 9, 2026·SEC
Jun 1, 2026·SEC
May 15, 2026·SEC
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Trilogy Metals Inc. (TMQ) stock FAQ — growth, dividends, profitability & financials explained
Trilogy Metals Inc. (TMQ) reported a net loss of $45.7M for fiscal year 2025.
Trilogy Metals Inc. (TMQ) has a return on equity (ROE) of -32.9%. Negative ROE indicates the company is unprofitable.
Trilogy Metals Inc. (TMQ) had negative free cash flow of $5.2M in fiscal year 2025, likely due to heavy capital investments.