0914 ET - Despite the investment target delay, Trilogy Metals has the cash to see it through the short term, says TD Cowen analyst Craig Hutchison. In a report, the analyst says the two-month extension of the U.S. Defense Department's planned $35.6 million equity investment shouldn't materially affect the company's near-term plans, noting that Trilogy ended February with a $48 million cash balance. He adds that the U.S. government has completed its foreign-ownership review and Congress has reauthorized the Defense Production Act, clearing the way for final documentation. Hutchison also points to ongoing discussions around financing the Ambler Access Project and says federal permitting for the Arctic project remains on track under the FAST-41 process. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 01, 2026 09:15 ET (13:15 GMT)
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