Trilogy Metals Inc.

In trading on Wednesday, the Amplify Junior Silver Miners ETF (SILJ) is outperforming other ETFs, up about 6.3% on the day. Components of that ETF showing particular strength include shares of Avino Silver & Gold Mines (ASM), up about 9% and shares of Trilogy Metals (TMQ), up about 7.6% on the day.
And underperforming other ETFs today is the Dimensional US Real Estate ETF (DFAR), down about 3.2% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Alexandria Real Estate Equities (ARE), lower by about 6.5%, and shares of CBL & Associates Properties (CBL), lower by about 5.5% on the day.
VIDEO: Wednesday's ETF Movers: SILJ, DFAR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday's ETF Movers: SILJ, DFAR

In trading on Tuesday, the Amplify Junior Silver Miners ETF is outperforming other ETFs, up about 4.9% on the day. Components of that ETF showing particular strength include shares of Trilogy Metals, up about 6% and shares of Avino Silver & Gold Mines, up about 5.4% on the day.
And underperforming other ETFs today is the Invesco MSCI North America Climate ETF, down about 2.9% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Verizon Communications, lower by about 7.6%, and shares of AT&T, lower by about 5.2% on the day.
VIDEO: Tuesday's ETF Movers: SILJ, KLMN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday's ETF Movers: SILJ, KLMN

In trading on Wednesday, banking & savings shares were relative leaders, up on the day by about 9.3%. Leading the group were shares of Axos Financial, up about 18.9% and shares of Sierra Bancorp up about 18.5% on the day.
Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 8% as a group, led by Trilogy Metals, trading higher by about 64.5% and Northern Dynasty Minerals, trading higher by about 24.4% on Wednesday.
VIDEO: Wednesday Sector Leaders: Banking & Savings, Non-Precious Metals & Non-Metallic Mining Stocks
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Wednesday Sector Leaders: Banking & Savings, Non-Precious Metals & Non-Metallic Mining Stocks

By Ernest Scheyder and Georgina McCartney
HOUSTON, March 20 (Reuters) - Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the U.S. mine permitting process in order to boost domestic production of critical minerals and reduce dependence on foreign nations.
The push echoes calls from the mining industry for clarity on how permits can be obtained for mines that produce copper, lithium and other energy transition minerals. Executives have long complained the U.S. process can be complex, expensive and opaque due in part to a federal mining law enacted in 1872.
"Our message to the Biden administration is, 'Do everything you can to do everything here in America. Get your permitting processes streamlined,'" Dunleavy told Reuters on the sidelines of the CERAWeek energy conference in Houston.
It is "somewhat nonsensical," the governor said, that Biden has pushed for greater adoption of electric vehicles - which require far more critical minerals to build than internal combustion engines - but has blocked Northern Dynasty's NDM.TOPebble copper and gold mining project.
"If we don't get our permitting processes together, if we don't start to use data and science again instead of emotion, this chaos is going to continue," he said.
Dunleavy sued Biden last week for the president's 2023 decision to block Pebble. The suit seeks more than $700 billion, an amount that the governor says the state will lose in economic development without the mine. Dunleavy tried unsuccessfully last year to have the U.S. Supreme Court overturn Biden.
Vancouver-based Northern Dynasty itself sued Biden on Monday.
The proposed Pebble mine would have "unacceptable and adverse effects on certain salmon fishery areas" in Alaska's Bristol Bay, the U.S. Environmental Protection Agency said last year.
Dunleavy said he believes the mine and the state's salmon fishers can co-exist.
"The science is there to be able to develop the mine responsibly," he said. "We can put the safeguards in, and that's why I'm a supporter."
Lisa Murkowski and Dan Sullivan, Alaska's two Republican U.S. Senators, oppose Pebble, which Dunleavy acknowledged is a hindrance.
"However, my job as the governor is to advocate for our state, advocate for the development of our state lands or minerals, and advocate for the prosperity of our people," he said.
AMBLER ROAD
Dunleavy, who has endorsed his fellow Republican Donald Trump against Democrat Biden in the 2024 U.S. presidential election, is also pushing Biden to approve the construction of an access road to the prospective Ambler mining district in northern Alaska.
The Ambler project seeks to open a remote area rich in copper, zinc and lead and could yield deposits of rare earths used in weapons manufacturing. Trilogy Metals TMQ.TO is one of the region's potential developers.
"I hope it's approved this year. But if it's a post-election decision and there's a new administration, I hope it's approved immediately," Dunleavy said.
(Reporting by Ernest Scheyder; Editing by David Gregorio)
((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CERAWEEK-Alaska's governor calls on Biden to update mine permit process

The average one-year price target for Trilogy Metals (AMEX:TMQ) has been revised to 1.02 / share. This is an increase of 5.90% from the prior estimate of 0.96 dated August 31, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 0.73 to a high of 1.52 / share. The average price target represents an increase of 118.57% from the latest reported closing price of 0.47 / share.
What is the Fund Sentiment?
There are 50 funds or institutions reporting positions in Trilogy Metals. This is a decrease of 5 owner(s) or 9.09% in the last quarter. Average portfolio weight of all funds dedicated to TMQ is 0.06%, an increase of 26.78%. Total shares owned by institutions decreased in the last three months by 1.87% to 29,794K shares. The put/call ratio of TMQ is 0.00, indicating a bullish outlook.
What are Other Shareholders Doing?
Paulson holds 14,327K shares representing 9.21% ownership of the company. No change in the last quarter.
TSP Capital Management Group holds 5,628K shares representing 3.62% ownership of the company. In it's prior filing, the firm reported owning 4,528K shares, representing an increase of 19.55%. The firm increased its portfolio allocation in TMQ by 38.28% over the last quarter.
Baupost Group holds 3,407K shares representing 2.19% ownership of the company. In it's prior filing, the firm reported owning 4,272K shares, representing a decrease of 25.37%. The firm decreased its portfolio allocation in TMQ by 7.51% over the last quarter.
Goehring & Rozencwajg Associates holds 1,553K shares representing 1.00% ownership of the company. In it's prior filing, the firm reported owning 1,408K shares, representing an increase of 9.33%. The firm decreased its portfolio allocation in TMQ by 2.44% over the last quarter.
Sprott holds 1,546K shares representing 0.99% ownership of the company. In it's prior filing, the firm reported owning 1,016K shares, representing an increase of 34.25%. The firm increased its portfolio allocation in TMQ by 79.73% over the last quarter.
Trilogy Metals Background Information
(This description is provided by the company.)
Trilogy Metals Inc. is a metals exploration and development company which holds a 50 percent interest in Ambler Metals LLC which has a 100 percent interest in the Upper Kobuk Mineral Projects in northwestern Alaska. On December 19, 2019 South32, which is a globally diversified mining and metals company, exercised its option to form a 50/50 joint venture with Trilogy. The UKMP is located within the Ambler Mining District which is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world. It hosts world-class polymetallic VMS deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high-grade copper and cobalt mineralization. Exploration efforts have been focused on two deposits in the Ambler mining district - the Arctic VMS deposit and the Bornite carbonate replacement deposit. Both deposits are located within land package that spans approximately 172,636 hectares. The Company has an agreement with NANA Regional Corporation, Inc., a Regional Alaska Native Corporation that provides a framework for the exploration and potential development of the Ambler mining district in cooperation with local communities. The vision is to develop the Ambler mining district into a premier North American copper producer.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Trilogy Metals Inc.

Price history and volume

Shares 360

Investment risk — medium

Investment potential — low

Security parameters