Troilus Agrees to Commercial Offtake Terms with Aurubis for Its Copper-Gold Concentrate

Core Viewpoint - Troilus Gold Corp. has reached indicative commercial offtake terms with Aurubis AG for copper-gold concentrate from the Troilus Project in Quebec, marking a significant milestone towards construction readiness [1][4]. Financing and Agreements - A final binding offtake agreement is anticipated to be executed alongside a broader debt financing package of up to US$700 million, structured by a syndicate including Société Générale and KfW IPEX-Bank [2]. - Euler Hermes has issued a letter of intent for up to US$500 million, confirming eligibility for an untied loan guarantee [2]. Project Production and Specifications - The Troilus Project is expected to produce an annual average of approximately 135.4 million pounds of copper equivalent, or 75,000 wet metric tonnes of concentrate, containing copper, gold, and silver [3]. - The indicative offtake terms include specifications for concentrate, precious metals payabilities, treatment and refining charges, and penalties for deleterious elements [5]. Strategic Partnerships - The agreement with Aurubis enhances the technical and financial readiness of the Troilus Project and reflects the expected quality of the concentrate [4]. - Ocean Partners USA Inc. is acting as an independent advisor to support Troilus' concentrate offtake strategy, providing market insight and guidance [6]. Project Development - Auramet International Inc. is assisting with the structuring of the debt package and engagement with potential lenders [7]. - The company is focused on advancing all aspects of the project towards a construction decision [7].