# Trilogy Metals Inc.: overview

TMQ · NYSE · CIK 1543418 · [Materials](/sectors/materials.md) · fiscal year ends Nov 30

Pages: [Overview](/companies/tmq.md) · [Financials](/companies/tmq/financials.md) · [Filings](/companies/tmq/filings.md) · [Insiders](/companies/tmq/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-11-30) | Q1 FY2025 (2025-02-28) | Q2 FY2025 (2025-05-31) | Q3 FY2025 (2025-08-31) | Q4 FY2025 (2025-11-30) | Q1 FY2026 (2026-02-28) | Q2 FY2026 (2026-05-31) | Q3 FY2026 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | not reported | [(0.02)](/filings/0001104659-26-039216.md) | [(0.01)](/filings/0001104659-26-081550.md) | [(0.01)](/filings/0001104659-26-113028.md) | not reported | [(0.04)](/filings/0001104659-26-039216.md) | [(0.04)](/filings/0001104659-26-081550.md) | [0.00](/filings/0001104659-26-113028.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-11-30) | FY2022 (2022-11-30) | FY2023 (2023-11-30) | FY2024 (2024-11-30) | FY2025 (2025-11-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(0.15)](/filings/0001558370-24-000914.md) | [(0.17)](/filings/0001558370-25-000964.md) | [(0.10)](/filings/0001104659-26-015668.md) | [(0.05)](/filings/0001104659-26-015668.md) | [(0.26)](/filings/0001104659-26-015668.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tmq/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Electrum Group LLC](/funds/1565641.md) | 2026-06-30 | $110.9m | 31,604,741 |  | Unchanged |
| [Tidal Investments LLC](/funds/1600064.md) | 2026-06-30 | $29.5m | 8,396,279 |  | Reduced −1,536,918 |
| [TSP Capital Management Group, LLC](/funds/1317208.md) | 2026-06-30 | $23.8m | 6,777,100 |  | New +6,777,100 |
| [Old West Investment Management, LLC](/funds/1549358.md) | 2026-06-30 | $21.4m | 6,092,657 |  | Added +1,390,945 |
| [Goehring & Rozencwajg Associates, LLC](/funds/1863154.md) | 2026-06-30 | $6.2m | 1,775,530 |  | Added +47,377 |
| [ALPS ADVISORS INC](/funds/1376113.md) | 2026-06-30 | $5.2m | 1,473,828 |  | Reduced −386,915 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $4.8m | 1,356,512 |  | Reduced −272,375 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $3.3m | 941,600 | Call | Added +87,700 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $3.3m | 936,338 |  | Added +477,063 |
| [ENVESTNET ASSET MANAGEMENT INC](/funds/1407543.md) | 2026-06-30 | $3.2m | 908,869 |  | Reduced −64,985 |

## Recent filings

[All 1,122 filings](/companies/tmq/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-21 | 12:42 ET | [8-K](/filings/0001279569-26-000990.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001279569-26-000990 |
| 2026-10-02 | 12:39 ET | [8-K](/filings/0001279569-26-000946.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001279569-26-000946 |
| 2026-10-02 | 10:45 ET | [10-Q](/filings/0001104659-26-113028.md) | Quarterly report, period 2026-08-31 | 0001104659-26-113028 |
| 2026-09-21 | 12:32 ET | [8-K](/filings/0001279569-26-000898.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001279569-26-000898 |
| 2026-09-14 | 18:36 ET | [8-K](/filings/0001104659-26-107442.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-107442 |
| 2026-09-10 | 21:50 ET | [8-K](/filings/0001279569-26-000871.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001279569-26-000871 |
| 2026-08-31 | 23:10 ET | [8-K](/filings/0001279569-26-000836.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001279569-26-000836 |
| 2026-08-04 | 22:37 ET | [8-K](/filings/0001279569-26-000729.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001279569-26-000729 |
| 2026-07-16 | 11:37 ET | [8-K](/filings/0001279569-26-000677.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001279569-26-000677 |
| 2026-07-08 | 11:00 ET | [8-K](/filings/0001279569-26-000637.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001279569-26-000637 |

## Latest annual report

[Form 10-K for the fiscal year ended Nov 30, 2025](/filings/0001104659-26-015668.md), filed Feb 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1543418
- Tickers: TMQ
- Exchange: NYSE
- SIC code: 1040 Gold and Silver Ores
- State of incorporation: A1
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:42 ET. No prices; not investment advice.
