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Trilogy Metals TMQ Exploration Expense

Exploration Expense at other companies

Contango Silver & Gold
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Contango Silver & Gold CTGO
$3.83M+734%
TMC the metals company Inc. logo
TMC the metals company Inc.TMC
$13.26M+39.3%
Perpetua Resources Corp. logo
Perpetua Resources Corp.PPTA
$53.1M+306%
Ivanhoe Electric logo
Ivanhoe ElectricIE
$23.21M+47.0%

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$576.3M+158%
Enterprise value$528.62M+166%

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 official record: Trilogy Metals’s 10-Q, filed April 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.