07:55 AM EST, 02/14/2025 (MT Newswires) -- Trilogy Metals ( TMQ ) fell 1.6% at last look Friday in NYSE American pre-market trading as it reported a fiscal 2024 net loss.

The company reported a net loss of US$8.6 million, or a loss of US$0.05 per share, for the year ended Nov. 30, 2024, compared to the FactSet analyst consensus loss estimate of US$0.04 per share. Trilogy booked a loss of US$15.0 million, or a loss of US$0.10 per share, a year ago.

The company attributed the smaller loss to its lower share of losses in Ambler Metals and reduced expenses.

For fiscal 2025, Trilogy said it approved a budget of US$5.8 million, which will focus on supporting external and community affairs, while maintaining the State of Alaska mineral claims in good standing and the maintenance of physical assets.

Trilogy said it is monitoring the impact of US President Donald Trump's executive order "Unleashing Alaska's Extraordinary Resource Potential."

The company holds a 50% stake in Ambler Metal, which has a 100% interest in the Upper Kobuk Mineral Projects in Alaska.