Trilogy Metals Reports Third Quarter Fiscal 2017 Financial Results

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 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.

• 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.

Click here for the full text release