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Trilogy Metals Inc T.TMQ

Alternate Symbol(s):  TMQ

Trilogy Metals Inc. is a Canada-based metal exploration and development company that holds a 50% interest in Ambler Metals LLC, which has a 100% interest in the Upper Kobuk Mineral Projects (UKMP) in Northwestern Alaska. It focuses on UKMP, including the Arctic and Bornite Projects. The UKMP is located within the Ambler Mining District. It hosts polymetallic volcanogenic massive sulfide (VMS) deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. The Arctic deposit is a polymetallic volcanogenic massive sulfide deposit located approximately 470 kilometers northwest of the City of Fairbanks, Alaska. The Bornite deposit (Bornite) is a carbonate hosted copper-cobalt deposit located near Kobuk, Alaska, and is approximately 25 kilometers southwest of the Company’s Arctic Project. It also conducts early-stage exploration through a wholly owned subsidiary, 995 Exploration Inc.


TSX:TMQ - Post by User

Bullboard Posts
Comment by Straiteon Sep 09, 2019 2:37pm
321 Views
Post# 30109674

RE:What is the matter with Trilogy?

RE:What is the matter with Trilogy?Note that he was replaced by James Gowans who was President and CEO of Arizona Mining Inc. from 2016 to 2018 when Arizona Mining was purchased by South32 Limited. Knowing South32 has an option to form a 50/50 JV for $150m USD which expires in january 2020, my suspicion is that South32 decided to put in place someone they have experience dealing with as they move towards potential development of the mine in the future. There is a number of news (drilling, permits/studies, JV, etc.) to come in the next 4 months. This can push the value in either side depending on the news. In the end, will they opt to form the JV, will they acquire TMQ as a whole instead? I don't know. In sum, CEO resignation is not necessarily a bad news, may even be hidden good news.
Bullboard Posts