12:10 PM EST - Trilogy Metals Inc. : Announced its financial results for the year ended November 30, 2018. All amounts are in United States dollars unless otherwise stated. Strong cash position of $23.0 million at year end. Additional $10.2 million from South32 Limited anticipated to be received in February 2019. Potential for an additional $10.0 million upon the exercise of in-the-money warrants expiring July 2019. Mineral property expenditures totaling $16.5 million in 2018 and $15.1 million in 2017. The company also projects 2019 programs and budgets totaling $18.2 million. Trilogy Metals Inc.
shares T.TMQ are trading unchanged at $2.79.
