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Trilogy Metals Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 26 Apr 2023.
Trilogy Metals Inc.: what insiders have been doing
Trilogy Metals Inc., classified in the Chemicals & Materials sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). The last twelve months, up to 18 October 2026, brought 18 filings signed by 11 insiders.
On the market, 1 insider bought (1 purchase totalling €14k) while 1 insider sold (1 sale totalling €93k). On balance, insiders were net sellers of €79k. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Among those who bought: 1 senior executive. At €93k, the sale published on 27 February 2026 by Hensley William L. Iggiagruk is the largest of the period.
The most recent open-market purchase was published on 9 July 2026, 100 days ago. Filings reach the SEC (Form 4) feed a median of 1 day after the trade. For comparison, the SEC allows two business days to file a Form 4.
With 18 filings in twelve months, the company is quieter than the median of 22 filings across the 5,458 companies we follow on the same exchange. Our records for Trilogy Metals Inc. go back to 2016, with 3 purchases and 8 sales on the open market in total. On the fundamentals side, the SEC filing (10-K) for the period ending 30 November 2025 lists net income at -42.2 m USD.
For comparison within the same sector, see the insider buying recorded at Culp Inc and Gold.com, Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
113
Thresholds
n/a
Buy Volume
€1M
3 ops. · all time
Sell Volume
€171,407
8 ops. · all time
Who traded when
BuySaleOlav Langelaar1 buy
William L. Iggiagruk Hensley1 sale
Since the insiders bought
- -29.3%Entry US$0.58 · Close at T+365 US$0.41
- -42.7%Entry US$0.96 · Close at T+365 US$0.55
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Trilogy Metals Inc. Buy (bullish), based on 3 analysts. Average price target: US$6.57.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended November 2025 · cache
US$2.36
Analyst consensus
3 analystsBuy
US$4.26Target US$6.57(+178%)US$9.91
Income statement
EBITDA-US$9.4M
Net income-US$42.2M0.0% margin
Valuation
PER (forward)-25.5x
P/Book3.5x
Beta1.69
Balance sheet & cash
Market capUS$428M
Total debtUS$111k
Free Cash Flow-US$3.2M
Debt / Equity0%
Profitability & ownership
ROE-39.0%
ROA-5.6%
% insiders13.1%
% institutions38.8%
Last declaration on 15 September 2026
Declarations113 total
100,000 sharesCommon SharesTSXSEDI:4777842
100,000 sharesRights Restricted Share UnitsTSXSEDI:4777841
951 sharesRights Deferred Share UnitTSXSEDI:4771641
100,000 sharesCommon SharesTSXSEDI:4768256
100,000 sharesRights Restricted Share UnitsTSXSEDI:4768255
100,000 sharesCommon SharesTSXSEDI:4767467
100,000 sharesRights Restricted Share UnitsTSXSEDI:4767457
5,000 shares@ CA$4.560.0028% mcap100.0% of flowCommon SharesTSXSEDI:4749373
Canonical exit: 7 Oct 2026 (T+90)
792 sharesRights Deferred Share UnitTSXSEDI:4726576
50,000 shares@ US$1.610.014% mcap26.5% of flowCommon SharesSEC:0000912282-26-000638:0
25,107 shares@ US$4.4034.9% of flowCommon SharesSEC:0000912282-26-000396:0
540,406 shares0Common SharesSEC:0001193125-25-335351:0
15,000 sharesCommon SharesSEC:0000912282-25-001418:0
60,000 sharesCommon SharesSEC:0000912282-25-001417:0
183,334 shares0Common SharesSEC:0000912282-25-001376:0
50,000 shares@ US$1.8228.2% of flowCommon SharesSEC:0000912282-25-001373:0
366,668 sharesCommon SharesSEC:0000912282-25-001375:0
1,123,400 shares@ US$1.7917.1% of flowCommon SharesSEC:0000912282-25-001102:0
100,000 shares@ US$1.79100.0% of flowCommon SharesSEC:0000912282-25-001091:0
100,000 shares@ US$1.8158.1% of flowCommon SharesSEC:0000912282-25-001075:0
100,000 shares@ US$1.8159.8% of flowCommon SharesSEC:0000912282-25-001073:0
450,000 shares@ US$1.8183.4% of flowCommon SharesSEC:0000912282-25-001071:0
100,000 shares@ US$1.8089.6% of flowCommon SharesSEC:0000912282-25-001069:0
30,000 shares@ US$6.3158.7% of flowCommon SharesSEC:0000912282-25-001067:0
100,000 shares@ US$1.8181.3% of flowCommon SharesSEC:0000912282-25-001065:0
25 of 113 declarations
About Trilogy Metals Inc.
Trilogy Metals Inc. is a mineral exploration and project-development company listed on the U.S. market, specifically on NYSE American, with an additional listing on the TSX in Canada. From an equity-investor perspective, it is a North American critical-minerals story with a focus on base metals rather than a cash-generating mining producer. The company’s operating base is in Vancouver, British Columbia, but its market exposure and strategic narrative are centered on the United States, where its flagship assets are located in Alaska.
The company was incorporated in 2011 under the name NovaCopper Inc. and later changed its name to Trilogy Metals Inc. in 2016. That rebranding reflected a broader, more diversified resource base and a tighter strategic focus on the Upper Kobuk Mineral Projects (UKMP) in northwestern Alaska. The UKMP is a large district-scale land package that hosts several polymetallic deposits and prospects, with the two most advanced assets being Arctic and Bornite. Arctic is a feasibility-stage volcanogenic massive sulphide deposit containing copper, zinc, lead, gold and silver, while Bornite is a copper-cobalt project located roughly 25 kilometers southwest of Arctic. These projects are held through Ambler Metals LLC, a 50/50 joint venture with South32, which provides financial strength and development credibility.
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Trilogy’s business lines are therefore concentrated in advancing exploration, permitting, technical studies, and project de-risking rather than operating mines. That means the investment case is highly sensitive to milestones such as feasibility work, economic studies, regulatory progress, infrastructure access, and policy support for domestic critical minerals. The company occupies a niche position in the market: it is not a diversified miner, but a focused developer of potentially strategic U.S.-based copper and base-metal assets. In an environment where copper is increasingly viewed as essential to electrification, grid expansion, and supply-chain security, Trilogy’s asset base gives it structural relevance.
Geographically, the story is overwhelmingly Alaska-based. The Ambler district is the core operating region, and Trilogy has highlighted Arctic and Bornite as the main engines for future development. Recent news has been supportive: in January 2025, the company reported positive preliminary economic assessment results for Bornite; in February 2026, it reported fiscal 2025 year-end results and emphasized strategic U.S. federal support for domestic critical minerals production; and in spring 2026 it noted ongoing field-season preparations and project advancement activities. For investors, Trilogy Metals represents a long-duration, high-risk/high-upside materials name tied to the copper cycle, Alaska development progress, and the strategic value of U.S. critical minerals supply.
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