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
The Manila Times·2025-10-30 11:24

Core Points - Troilus Gold Corp. has been awarded the "Entrepreneur of the Year" distinction by the Québec Mineral Exploration Association at the Xplor 2025 convention, recognizing its exceptional progress and leadership in advancing the Troilus copper-gold project [1][2] - The company has achieved significant milestones in engineering, permitting, and financing, moving towards construction readiness [2][3] - Since its formation in 2018, Troilus has increased its mineral resource base by over 500%, positioning itself as one of North America's largest undeveloped copper-gold projects [3][10] Project Development - The Feasibility Study completed in May 2024 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][10] - 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] - Troilus has secured letters of interest totaling US$1.3 billion in indicative financial support from global Export Credit Agencies and established a US$700 million debt financing led by international lenders [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 directly employing over 1,000 people during construction and more than 680 during operations [7][8] - The recognition as Entrepreneur of the Year highlights Troilus' role as a strategic Canadian critical mineral asset, aligning with provincial and federal priorities for sustainable resource development [9]