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Trilogy Metals Reports Third Quarter Fiscal 2017 Financial Results
Oct. 05, 2017 09:12AM PST
Base Metals Investing
Trilogy Metals Inc. (TSX, NYSE American: TMQ) (“Trilogy”, “Trilogy Metals” or “the Company”) is pleased to report its third quarter results for the period ended August 31, 2017. As quoted in the press release: Third Quarter 2017 Highlights: Strong working capital position of $11.2 million, with cash on hand of $10.2 million. The focus of this third fiscal quarter …
Trilogy Metals Inc. (TSX, NYSE American: TMQ) (“Trilogy”, “Trilogy Metals” or “the Company”) is pleased to report its third quarter results for the period ended August 31, 2017.
As quoted in the press release:
Third Quarter 2017 Highlights:
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Strong working capital position of $11.2 million, with cash on hand of $10.2 million.
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The focus of this third fiscal quarter has been working to advance our Upper Kobuk Mineral Projects. With a combined 2017 budget of $17.1 million for the Bornite and Arctic Projects, this quarter was busy at our project sites in northwest Alaska.
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Financial partnership announced with South32 Limited in Q2 2017 granting an option to form a 50/50 joint venture for a minimum investment of $150 million, subject to certain adjustments. South32 is required to fund a minimum of $10 million per year, for up to three years to keep the option in good standing.
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