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Trilogy Metals Inc.

NYSE:TMQ
US$2.85Close 7 Oct 2026 · delayed

Past year: ▼ 36%(2.85 – 5.04 USD)

Market cap
A$697m
Shares on issue
173m
Story beats
22 since 2014
Last event
7 Nov 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

25 Apr 2023capital raising announcement● NeutralMajor

Trilogy closed the previously announced placement: 5,854,545 shares at US$0.55 for US$3.22 million, for general corporate purposes. Electrum and South32 each put in US$1.2 million, and with Giardini the insiders bought 4,545,454 shares. Shares outstanding are now 154,837,574, with Electrum at 21.0% and South32 at 12.0%.

What it means for a shareholder

5.9m new shares at US$0.550 to raise about US$3.2m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held US$1,000 of shares (1,818 at the issue price), your slice goes from 0.00122% to 0.00117% of the company. To keep it you'd need 71 more shares - about US$39 at the issue price.

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18 Apr 2023capital raising announcement● NeutralMajor

Trilogy announced plans for a non-brokered private placement of about 5,854,545 shares at US$0.55, raising about US$3.22 million for general corporate purposes. Its two largest shareholders, Electrum (US$1.2M) and South32 (US$1.2M, the Ambler Metals joint venture partner), plan to take part along with CEO Tony Giardini. The shares would be about 3.9% of those outstanding, and it still needs TSX and NYSE American approval.

What it means for a shareholder

5.9m new shares at US$0.550 to raise about US$3.2m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held US$1,000 of shares (1,818 at the issue price), your slice goes from 0.00122% to 0.00117% of the company. To keep it you'd need 71 more shares - about US$39 at the issue price.

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8 July 2014capital raising announcement● NeutralMajor

Then called NovaCopper, the company closed a US$7.5 million private placement on July 7, 2014: 6,521,740 units at US$1.15 each, sold to three existing shareholders. Each unit has one share and one warrant to buy another share at US$1.60 for five years, so existing holders face possible dilution if the warrants are exercised. The filing does not state what the money is for.

What it means for a shareholder

6.5m new shares at US$1.15 to raise about US$7.5m. That's 9.8% dilution: every existing holder's slice gets 9.8% smaller. If you held US$1,000 of shares (870 at the issue price), your slice goes from 0.00144% to 0.0013% of the company. To keep it you'd need 94 more shares - about US$108 at the issue price.

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