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Trilogy Metals TMQ Exploration Expense

Exploration Expense at other companies

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$53M+15.2%
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$436.91K-41.4%
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TMC the metals company Inc.TMC
$13.26M+39.3%
U.S. GoldMining Inc. logo
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$531.84K+138%
Perpetua Resources Corp. logo
Perpetua Resources Corp.PPTA
$53.1M+306%
Solitario Resources logo
Solitario ResourcesXPL
$182K-23.8%

Other financials

Income statement

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Net income-$7.1M-94.9%
EPS (diluted)-$0.04-100%

Balance sheet

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Cash & equivalents$47.8M+89.5%
Total debt$103.0K-23.1%
Total equity$121.5M-7.7%
Total assets$154.5M+16.7%

Cash flow

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Operating cash flow-$2.7M-266%

Valuation

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Market cap$670.25M+167%
Enterprise value$622.57M+174%

Returns & leverage

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Return on equity-36.1%-46.1pp
Debt / equity0.0×
Current ratio1.5×-34.6×

Where this comes from

Reported directly by Trilogy Metals in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: Trilogy Metals’s 10-Q, filed April 2, 2026.

Filed
Apr 2, 2026, 4:45 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-039216
Line itemFor the three months ended / February 28, 2026 / $For the three months ended / February 28, 2025 / $
Expenses
Exploration expenses25
Foreign exchange gain(58)(11)
General and administrative567343
Investor relations6816
Professional fees311447
Salaries616207
Salaries and directors expense – stock-based compensation (note 6)3,0962,230

Item 1. Financial Statements

FAQ

What is Trilogy Metals's exploration expense?
Trilogy Metals (TMQ) reported exploration expense of $25K in Q4 2025.
What does exploration expense mean?
Costs incurred to identify, evaluate, and define mineral resources or reserves on properties. For exploration-stage companies, this represents the primary investment in future asset value and long-term growth potential.

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