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Trilogy Metals Inc. reported a net loss of $42.2 million for fiscal year 2025, ending November 30, 2025. The company's total assets stood at $157.3 million, primarily driven by its $105.3 million investment in Ambler Metals LLC and $51.9 million in current assets, which included $51.6 million in cash and cash equivalents. Total liabilities were $33.2 million, with a significant $30.7 million derivative liability. Shareholders' equity was $124.1 million. Cash flow from operations was negative $3.2 million, while financing activities generated $30.0 million from share issuances and option exercises. Investing activities used $1.0 million net, resulting in a $25.8 million increase in cash, though the ending cash balance is reported as $2.6 million, indicating a discrepancy with the change calculation. The company's financial position remains heavily tied to its Ambler Metals investment.
Net Income
-$42.2M