Troilus Wins “Entrepreneur of the Year” Award From the Québec Mineral Exploration Association, Recognizing Leadership in Advancing One of Canada’s Largest Copper-Gold Projects
Globenewswire·2025-10-30 11:00

Core Viewpoint - Troilus Gold Corp. has been awarded the "Entrepreneur of the Year" by the Québec Mineral Exploration Association, recognizing its significant advancements in the Troilus copper-gold project and its commitment to sustainable resource development [1][2][3]. Company Achievements - Troilus has achieved over 500% growth in its mineral resource base since its formation in 2018, positioning itself as one of North America's largest undeveloped copper-gold projects [3]. - The May 2024 Feasibility Study supports a large-scale operation with a capacity of 50,000 tonnes per day and a mine life of 22 years, producing an average of 303,000 ounces of gold equivalent annually [3]. Project Development Progress - The company has filed the Environmental and Social Impact Assessment (ESIA) in June 2025, concluding over five years of environmental studies and consultations with local and Indigenous communities [5]. - Basic engineering is over 85% complete, with plans for a seamless transition to detailed execution in preparation for a construction decision in 2026 [6]. Economic Impact - The Troilus project is expected to generate approximately C$6 billion in tax revenue for Québec and C$2.4 billion for Canada over its mine life, while providing direct employment for over 1,000 people during construction and over 680 during operations [6]. Financial Support and Agreements - Troilus has secured letters of interest totaling US$1.3 billion in indicative financial support from global Export Credit Agencies [8]. - The company has established a US$700 million debt financing led by a syndicate of international lenders and has agreed to long-term offtake agreements with leading European smelters [8].

Troilus Wins “Entrepreneur of the Year” Award From the Québec Mineral Exploration Association, Recognizing Leadership in Advancing One of Canada’s Largest Copper-Gold Projects - Reportify