202623 releases
Troilus Receives US$850 Million Credit-Approved Debt Commitment Letter for the Troilus Gold-Copper Project
A credit-approved commitment letter from KfW IPEX-Bank and Societe Generale will underwrite US$850 million in debt financing for the Troilus Gold-Copper Project in Québec, Canada, forming part of a planned US$1.1 billion package that includes a proposed US$250 million contribution from Export Development Canada still subject to final approvals. The senior secured facilities include up to a three-year repayment grace period during construction followed by a sculpted repayment profile over a notional 10-year period. Conditions precedent remain outstanding ahead of final investment decision and financial close.
FinancingTroilus Drills 3.38 g/t AuEq Over 22 M Within 129.05 M at 0.95 g/t AuEq From Inferred Target in the Z87 Reserve Pit
Results from nine drill holes totaling 4,728 metres, the fourth batch from the Z87 optimization program at the Troilus Gold-Copper Project in north-central Quebec, include hole 87-26-485 returning 0.95 g/t AuEq (0.80 g/t Au, 1.11 g/t Ag, 0.10% Cu) over 129.05 m, including 3.38 g/t AuEq over 22 m from 398 m. Hole 87-26-531 returned 0.99 g/t AuEq over 74.3 m and hole 87-26-529 returned 1.15 g/t AuEq over 45 m. The drilling targets Inferred and historically unsampled material and is not included in the December 31, 2025 resource and reserve estimates. To date, 39 drillholes totaling 14,521 metres of the approximately 24,000 metres planned have been released.
Drill resultsTroilus Mining Corp. Added to VanEck Junior Gold Miners ETF (GDXJ)
Troilus Mining Corp. has been added to the VanEck Junior Gold Miners ETF (GDXJ), effective at market close on September 18, 2026, as part of the fund's quarterly rebalancing. The company says inclusion is expected to broaden its investor base, increase market visibility and support trading liquidity. Troilus is advancing its Troilus gold-copper project in Quebec, where a Technical Report outlines an approximately 26-year, 50ktpd open-pit operation across a 435 km² land position.
CorporateTroilus Project Selected for Canada Investment Summit Prospectus, Showcasing Project to Leading Global Investors
The Troilus Gold-Copper Project in Quebec has been selected for inclusion in the Canada Investment Summit Prospectus, distributed to participants at the inaugural Canada Investment Summit in Toronto on September 14–15, 2026, hosted by Prime Minister Mark Carney with CPP Investments and PSP Investments; participating investors are said to manage more than $100 trillion in assets. CEO Justin Reid was invited to the Summit Welcome Reception on September 13. The Prospectus includes contact details allowing investors to engage directly with project proponents.
CorporateTroilus Reports Updated Technical Report Following Completion of Basic Engineering, Delivering After-Tax US$3.2 Billion NPV5%, 22% IRR, and Cashflow of US$6.9 Billion at Base Case Gold Price of US $3,600/oz
An updated NI 43-101 technical report for the Troilus gold-copper project in northcentral Quebec outlines an after-tax NPV(5%) of US$3.2 billion, 22% IRR, 3.6-year payback and US$6.9 billion of cumulative after-tax cash flow at US$3,600/oz gold, US$5.00/lb copper and US$50.00/oz silver. Initial capital is US$1.428 billion, with a 26-year mine life at 50,000 tpd, life-of-mine payable production of 5.63 Moz gold, 472 Mlbs copper and 10.88 Moz silver, AISC of US$1,340/oz, and reserves of 478 Mt at 0.44 g/t gold.
Study resultsTroilus Announces Finnvera LOI for Up to Approximately US$132 Million in Potential Export Credit Support Related to Metso Equipment Procurement
A non-binding Letter of Interest from Finnvera plc, Finland's official export credit agency, has been issued in connection with Metso Corporation equipment procurement for the gold-copper Troilus Project in north-central Québec. The LOI relates to an estimated US$155 million export transaction, with Finnvera potentially supporting financing of up to 85% of eligible goods and services, or approximately US$132 million. Financing would come from an eligible commercial bank with Finnvera support, subject to customary due diligence and final approvals.
FinancingTroilus Selects Metso for Major Process Equipment as Project Advances Towards Construction
Metso Corporation has been selected for the first phase of major process equipment procurement at the gold-copper Troilus Project in north-central Québec, with Troilus issuing a Letter of Award and Limited Notice to Proceed covering gyratory and cone crushers, apron and belt feeders, wet and dry screens, HPGRs and ball mills. The parties are also negotiating a Life Cycle Services framework, with definitive equipment and service arrangements targeted for completion in September 2026. Additional equipment orders and construction and mining contract awards are expected during the second half of 2026.
CorporateTroilus Drills 8.84 g/t AuEq Over 4.8 M at Z87, Confirming High-Grade Mineralization 400 M Beyond Current Resource Pit Shell
Five drill holes totaling 2,915 metres at the Z87 underground target on the Troilus gold-copper project in north-central Quebec returned mineralization in every hole, including 8.84 g/t AuEq (7.02 g/t Au, 21.63 g/t Ag, 1.03% Cu) over 4.8 m from 859 m downhole in TLG-ZJ20-222-EXT26, with 23.58 g/t AuEq over 1 m. Other results included 5.07 g/t AuEq over 5 m and 2.08 g/t AuEq over 6.17 m. Mineralization was confirmed up to 400 m beyond the existing resource pit shell.
Drill resultsTroilus Delivers on Key Development Milestones in 2025 and Enters a Pivotal Transition Year in 2026
A shareholder letter reviewing 2025 at the Troilus copper-gold project in Quebec reports completion of basic engineering and transition to detailed engineering under BBA Inc., submission of the Environmental and Social Impact Assessment to federal and provincial authorities with federal approval targeted for the second half of 2026, and roughly 13,300 metres of drilling. The project debt mandate was increased to up to US$1 billion in November 2025, alongside a CDN$172.5 million bought-deal offering and preliminary indicative offtake terms with Aurubis AG and Boliden Commercial AB. The share price rose approximately 432% over the year.
CorporateTroilus Selected by the Government of Quebec to Receive Specialized Support Through the New Filon Initiative for Strategic Mining Projects
The Troilus copper-gold project in Quebec has been selected by Quebec's Minister of Natural Resources and Forests as one of the first projects to receive specialized support under Filon, a government service coordinating ministries and agencies involved in permitting strategic mining projects, announced under Quebec's 2025-2031 Strategy for the Development of Critical and Strategic Minerals. Troilus submitted its Environmental and Social Impact Assessment in June 2025 and secured a 70 MW hydroelectric power allocation from Hydro-Quebec and MEIE in June 2026.
CorporateTroilus Drills 1.10 g/t AuEq Over 103 M as Z87 Optimization Program Continues to Strengthen Mine Planning
Hole 87-26-484 at the Troilus Project in north-central Quebec returned 1.10 g/t AuEq (0.98 g/t Au, 0.54 g/t Ag, 0.07% Cu) over 103 m, including 2.10 g/t AuEq over 34 m from 442 m downhole. Hole 87-26-492 cut 1.98 g/t AuEq over 14 m, including 9.87 g/t AuEq over 1.5 m, and hole 87-26-512 cut 0.92 g/t AuEq over 93 m, including 2.30 g/t AuEq over 21 m. The results cover 10 holes totalling 4,230 m, all within the Z87 reserve pit; 30 holes totalling 9,793 m of the roughly 24,000 m program have been reported.
Drill resultsTroilus Drills 164 M Grading 0.95 g/t AuEq While Testing Unsampled Historic Drillhole Intervals in the Z87 Reserve Pit
Drilling at the Z87 reserve pit at the Troilus Project in north-central Quebec returned 164 m grading 0.95 g/t AuEq (0.83 g/t Au, 1.30 g/t Ag, 0.06% Cu) in hole 87-26-507, including 1.38 g/t AuEq over 46 m from 373 m and 1.22 g/t AuEq over 61 m from 476 m. Hole 87-26-487 returned 0.82 g/t AuEq over 39.6 m and hole 87-26-501 returned 0.64 g/t AuEq over 75 m. Results cover 7 holes totalling 1,845 m, with 20 holes and 5,563 m reported of the roughly 24,000 m program.
Drill resultsTroilus Advances Procurement and Detailed Engineering as Project Execution Readiness Builds
Detailed Engineering is now fully mobilized at the wholly owned Troilus copper-gold project in north-central Québec, following completion of Basic Engineering announced March 24, 2026. More than 40 bid packages have been issued for tender or are under technical and commercial evaluation, with the major process equipment package in final selection and initial enabling infrastructure selections made for water treatment and site support systems. The geotechnical field drilling program is complete, and independent third-party reviews of plant design, Basic Engineering assumptions and capital cost methodology identified no material issues.
CorporateTroilus Drills 1.15 g/t AuEq Over 37 M, Including 3.84 g/t AuEq Over 5 M, at Connector Zone, Extending High-Grade Mineralization Within Current Mine Plan Area
Drilling at the Connector Zone of the Troilus Project in north-central Quebec returned 1.15 g/t AuEq (0.91 g/t Au, 3.23 g/t Ag, 0.13% Cu) over 37 m, including 3.84 g/t AuEq over 5 m from 66 m downhole in hole J-26-359. Hole J-26-360 returned 0.78 g/t AuEq over 54 m, including 3.03 g/t AuEq over 3.9 m, and hole J-26-351 returned 1.23 g/t AuEq over 28.7 m, including 25.53 g/t AuEq over 1 m. The program targeted inferred material within reserve pit areas and is now complete.
Drill resultsTroilus Continues to Expand High-Grade West Rim Discovery With 19.06 g/t AuEq Over 6.4 M and 6.81 g/t AuEq Over 5 M at Surface
Drill results from the now-completed Phase 1 program at the West Rim Zone of the Troilus copper-gold project in northcentral Quebec include hole WR-26-013 with 6.93 g/t AuEq over 18.5 m, including 19.06 g/t AuEq over 6.4 m and 53.90 g/t AuEq over 2 m from 11.5 m downhole, and WR-26-014 with 1.80 g/t AuEq over 23.85 m, including 6.81 g/t AuEq over 5 m from 19.25 m. Results represent about half of the 3,000 metres budgeted for West Rim in 2026; Phase 2 planning is underway.
Drill resultsTroilus Welcomes Québec Government Leaders to its Site for Official Announcement of 70 MW Hydroelectric Power Allocation
Québec government ministers Bernard Drainville and Kateri Champagne Jourdain, with MNA Denis Lamothe, made the official announcement of a 70 MW hydroelectric power allocation to the Troilus Copper-Gold Project in north-central Québec at a June 8, 2026 event held at the site. The project is expected to create about 1,000 construction jobs and about 680 long-term operating jobs in the Eeyou Istchee James Bay region. Troilus also hosted financial institutions and export credit agencies from seven countries for due diligence tied to its US$1.2 billion debt financing mandate.
CorporateTroilus Expands High-Grade West Rim Discovery With 2.92 g/t AuEq Over 19 M Outside Current Resource and Within 200 Metres of Reserve Pit
Drilling at the West Rim Zone at the Troilus copper-gold project in northcentral Quebec returned 2.92 g/t AuEq over 19 m, including 7.82 g/t AuEq over 5 m from 99 m in hole WR-26-016, and 1.97 g/t AuEq over 20 m, including 5.96 g/t AuEq over 6 m, in WR-26-019; WR-26-023 returned 0.71 g/t AuEq over 26 m. All intercepts lie outside the current resource estimate and within 200 metres of the North Reserve Pit. Assays remain pending for several holes, with a second phase of 2026 drilling planned.
Drill resultsTroilus Upsizes Debt Financing Mandate for up to US$1.2 Billion
A previously announced debt financing mandate has been increased from up to US$1.0 billion to up to US$1.2 billion for the Troilus copper-gold project in north-central Québec, Canada. The financing is led by Mandated Lead Arrangers Societe Generale, KfW IPEX-Bank and Export Development Canada, with Auramet International Inc. acting as project finance advisor. Technical, financial and environmental and social due diligence is advancing, with finalization subject to credit approvals, definitive documentation and conditions precedent.
FinancingTroilus Completes Basic Engineering and Advances Detailed Engineering as Project Execution Readiness Accelerates
Basic Engineering has been completed at the wholly owned Troilus copper-gold project in north-central Québec, with Detailed Engineering advancing across major plant, infrastructure and site disciplines ahead of a formal construction decision. An integrated EPCM structure has been formalized with BBA Consultants and EBC Inc., while Sedgman has been engaged for an independent process plant review. Dewatering of the J Pit is complete, Z87 Pit dewatering is being mobilized, and the 80-person camp is being expanded to about 200 personnel.
NewsTroilus Provides Overview of Its 2025 Exploration Program and Initial Results Confirming Mineral Resource Upside Near Pit and Across Property
The 2025 exploration program at the Troilus copper-gold Project in north-central Québec totalled 13,320 metres of drilling, with 11,880 metres within the Phase 1 reserve pit, plus 2,144 line-km of VTEM and 27.85 line-km of IP surveys, 2,887 soil samples and six trenches. Southwest Zone results included 2.44 g/t AuEq over 56 m (hole SW-25-688) and 78.38 g/t AuEq over 2 m (SW-25-678). A new Bear Lake trend returned 0.85 g/t AuEq over 6 m in BL-25-001.
Drill results
202529 releases
Troilus Announces Completion of Name Change to Troilus Mining Corp. and Annual & Special Meeting Results
Troilus Gold Corp. has completed its name change to Troilus Mining Corp. following shareholder approval at the December 4, 2025 Annual and Special Meeting. Shares are expected to begin trading under the new name on the TSX on December 10, 2025, retaining the TLG ticker, with new CUSIP 89688V103 and 89688V111 for warrants expiring October 18, 2026. All seven director nominees were elected and Deloitte LLP was appointed auditor, with over 55% of outstanding shares represented.
CorporateTroilus Upsizes Debt Financing Mandate to US$1 Billion
The previously announced debt financing mandate has been increased from US$700 million to up to US$1 billion, led by a syndicate including Societe Generale, KfW IPEX-Bank and Export Development Canada as Mandated Lead Arrangers, to fund development and construction of the copper-gold Troilus Project in north-central Québec. Technical, financial and environmental and social due diligence is nearing completion, with finalization anticipated in Q1 2026, subject to credit approvals and execution of definitive financing agreements. Auramet International Inc. continues as project finance advisor.
FinancingTroilus Closes $172.5 Million Bought Deal Public Offering Including the Full Exercise of Over-Allotment Option
A bought deal public offering closed with 133,722,000 common shares issued at $1.29 per share for gross proceeds of $172,501,380, including full exercise of the over-allotment option. The syndicate was co-led by Desjardins Capital Markets, Cormark Securities and Haywood Securities, with BMO Nesbitt Burns, Red Cloud Securities and Velocity Trade Capital. Net proceeds will fund pre-development activities at the Troilus Copper-Gold project in Quebec, debt repayment, working capital and general corporate purposes, subject to final TSX approval.
FinancingTroilus Announces $150 Million Bought Deal Public Offering
A bought deal public offering of 116,280,000 common shares at $1.29 per share for aggregate gross proceeds of approximately $150 million has been agreed with underwriters co-led by Desjardins Capital Markets, Cormark Securities and Haywood Securities, with a 30-day over-allotment option for up to an additional 15%. Proceeds will fund pre-development activities at the Troilus Copper-Gold project in Québec, debt repayment, working capital and general corporate purposes. Closing is scheduled for on or about November 14, 2025.
FinancingTroilus Strengthens Financial Leadership as Project Advances Towards Construction
Marty Rendall has been appointed Chief Financial Officer of Troilus Mining Corp., effective March 1, 2026. Susanna Milne, CFO since 2024, will become Vice President, Finance, continuing to oversee financial reporting, accounting, budgeting and internal controls. Rendall was previously CFO of Electra Battery Materials Corporation and spent 17 years as CFO of Victoria Gold Corp. Troilus is advancing its gold-copper Troilus project in Quebec, where a May 2024 Feasibility Study supports a 22-year, 50ktpd open-pit operation.
ManagementTroilus Wins “Entrepreneur of the Year” Award From the Québec Mineral Exploration Association, Recognizing Leadership in Advancing One of Canada’s Largest Copper-Gold Projects
The Québec Mineral Exploration Association awarded Troilus the Entrepreneur of the Year distinction at the Xplor 2025 convention and Recognition Gala in Montréal, for advancement of the Troilus copper-gold project in Quebec. The May 2024 Feasibility Study outlined a 50,000-tonne-per-day, 22-year operation averaging 303,000 ounces gold equivalent (135.4 million pounds copper equivalent) annually. Since then, the Company secured US$1.3 billion in ECA letters of interest, a mandated US$700 million debt financing, filed its ESIA in June 2025, and surpassed 85% basic engineering completion ahead of a 2026 construction decision.
CorporateTroilus Announces Change of Auditor
Troilus Gold Corp. has changed its auditor from McGovern Hurley LLP to Deloitte LLP, effective October 21, 2025, with the appointment approved by the Board of Directors. There were no reservations in the former auditor's reports and no reportable events under NI 51-102. A Notice of Change of Auditor and the required letters from both auditors have been filed on SEDAR+.
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