Trilogy Metals shares soar over 100% in U.S. after-hours trading.

Trilogy Metals shares soar over 100% in U.S. after-hours trading.

Trilogy Metals Inc. (TMQ), a company focused on mineral exploration in Alaska's Ambler Mining District, has seen its shares surge over 100% in U.S. after-hours trading on September 12, 2025. The stock, which had been trading at around $1.50 per share, closed at $3.00 after-hours, a significant increase from its previous close.

The surge in Trilogy Metals' stock price can be attributed to several recent developments. In the third quarter of fiscal 2025, the company reported its financial results, which included a net loss of $2.2 million. However, the company also announced a strong cash position of $24.6 million and working capital of $23.8 million as of May 31, 2025. Additionally, Trilogy Metals entered into an At-The-Market (ATM) equity distribution agreement with BMO and Cantor Fitzgerald, allowing it to raise up to $25 million through the sale of common shares .

The company's recent financial performance and strategic moves have likely contributed to investor confidence. Trilogy Metals has been actively engaged in exploration and development activities in the Ambler Mining District, which is rich in copper and other polymetallic deposits. The company's Bornite Preliminary Economic Assessment (PEA) projected 1.9 billion pounds of copper production over a 17-year mine life, with an after-tax NPV8% of $394.0 million and an IRR of 20.0% .

Moreover, Trilogy Metals has received significant support from government initiatives. In March 2025, President Trump signed executive orders aimed at advancing the Ambler Access Project in Alaska, which would connect the Upper Kobuk Mineral Projects to the Dalton Highway. The orders focus on revoking previous restrictions and reinstating the 2020 right-of-way permit for the Ambler Road . These developments have likely bolstered investor optimism about the company's prospects.

The surge in Trilogy Metals' stock price is a positive sign for investors and the mining industry. The company's strong financial position, ongoing exploration activities, and government support indicate a promising future for Trilogy Metals. However, investors should remain cautious and conduct thorough due diligence before making investment decisions.