07:19 AM EDT, 07/08/2026 (MT Newswires) -- Trilogy Metals ( TMQ ) Q2 net loss widened to $0.04 per share, from $0.01 per share, for the prior year period.

The increased loss for the quarter ended May 31 was mainly driven by non-cash items, including a mark-to-market fair value adjustment of $2.3 million for a derivative liability, and an increase in Trilogy's share of loss from Ambler Metals, its 50/50 joint venture with South32, the company said.

Trilogy reported a cash balance of $38.8 million at the end of May.