Trilogy Metals

Primary ticker: TSX:TMQ; NYSE:TMQ
Stage of development: Exploration, Development
Primary minerals: Copper, Zinc, Lead, Gold, Silver, Cobalt
Project to promote: Upper Kobuk Mineral Projects

Live financials

Vancouver-based Trilogy Metals Corp Inc. is an emerging copper developer that is advancing its Upper Kobuk Mineral Projects which are in northwest Alaska.
Our two flagship assets are our Arctic Copper-Zinc-Lead-Gold-Silver project which hosts Reserves of approximately 4.4 billion pounds (2 million tonnes) of copper equivalent. We estimate that 60% of our revenues will come from copper production.

Our other flagship asset is our Bornite project, which is located 27 kilometres away from Arctic. The Bornite project contains approximately 5.5 billion pounds (2.5 million tonnes) of copper and 77 million pounds of cobalt.

Currently, we have a treasury of approximately US$36 million and a market capitalization of US$220 million.

Management Profile

James Gowans – Interim President & CEO

Jim is currently interim President and Chief Executive Officer of Trilogy Metals. He was previously the president, CEO and a director of Arizona Mining Inc. from January 2016 until it was purchased by South32 Limited in August 2018.He was senior advisor to the chair of the board of Barrick Gold Corporation from August to December 2015, co-president from July 2014 to August 2015 and executive vice-president and COO from January to July 2014. He served as managing director of the Debswana Diamond Company in Botswana from 2011 to 2014.He has extensive experience as a senior executive in the mining industry, including holding executive positions at DeBeers SA, DeBeers Canada Inc. and PT Inco in Indonesia, and with Placer Dome Ltd. Mr. Gowans is the past chair of the Mining Association of Canada. Mr. Gowans also has experience in Alaska, having worked for Cominco Limited where he oversaw the completion of a feasibility study and the subsequent design and construction of the Red Dog Mine. Mr. Gowans then operated the Red Dog Mine for three years following its commissioning. He holds a bachelor of applied science degree in mineral engineering from the University of British Columbia and attended the Banff School of Advanced Management. He has extensive mining knowledge and perspective on the importance of corporate social responsibility and brings human resources experience as a former vice-president, human resources at Placer Dome.

What is your rationale for attending 121 Mining Investment?

Broaden our shareholder base.

What recent news would you like to highlight to investors attending?

Mid-Summer 2019 – Draft EIS for the Ambler Mining District Industrial Access Project

H2 2019 – Drilling Results for Arctic; Bornite and District Exploration
Late fall/early winter 2019 – Final EIS for the Ambler Mining District Industrial Access Project

December 31, 2019 – AMDIAP Record of Decision

By end of January, 2020 – South 32 Option to Acquire a 50% interest in UKMP by Contributing a minimum of US$150 Million

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Completion of US$18.2 million summer program at the UKMP

6 Months:

Completion of permitting for the AMDIAP – Ambler road

12 Months:

Completion of Arctic feasibility study/South32 option exercised

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Global economy volatility/ base metal prices

In a sentence, what do you think makes your company such a compelling investment?

We have some of the highest grade copper assets in the world which are located in a stable jurisdiction