Trilogy Metals

TMQ

Industrial Materials · Basic Materials

Price

$2.98

+0.01 (+0.34%)

Market Cap

$514.8M

Exchange

New York Stock Exchange American

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+14.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 144.4M (2021) → 164.8M (2025)

Trilogy Metals is a mining exploration company focused on finding and developing copper, cobalt, zinc, and other metals in Alaska. Its main project is the Upper Kobuk Mineral Projects, located in the Ambler Mining District in northwestern Alaska. The company does not yet produce or sell metals — it is still in the exploration and development stage.

Trilogy makes no revenue right now. It spends money on drilling, studies, and permitting to advance its Alaskan projects toward potential future production. The company operates as a 50/50 joint venture with South32, a large global mining company, which provides financial backing and credibility. The biggest risk is that the Ambler Access Project — a proposed industrial road needed to reach the remote mine site — faces significant regulatory and political hurdles, and without it, developing the deposit becomes much harder. Investors are essentially betting on whether these metal deposits can eventually be built into a working mine.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-196.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

37.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

$151M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-1.8%

Weak — -1.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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