Troilus Announces $150 Million Bought Deal Public Offering

Core Viewpoint - Troilus Gold Corp. has announced a bought deal offering of 116,280,000 common shares at a price of $1.29 per share, aiming to raise approximately $150 million to fund pre-development activities, debt repayment, and general corporate purposes [1][2] Project Financing - The net proceeds from the offering will be allocated to ongoing pre-development activities at the Troilus Copper-Gold project, debt repayment, and working capital [2] - The company has secured letters of interest totaling US$1.3 billion from global Export Credit Agencies and established a US$700 million debt financing led by a syndicate of international lenders [6] Permitting - The Environmental and Social Impact Assessment was filed in June 2025, marking the end of over five years of environmental studies and consultations with local and Indigenous communities [3] Engineering - Basic engineering is over 85% complete, with plans to transition to detailed execution in preparation for a construction decision in 2026 [4] - The company is exploring potential streaming options and additional vendor-backed financing packages, with final due diligence for previously announced debt financing ongoing [4] Offering Details - The offering is expected to close on or about November 14, 2025, subject to customary closing conditions and necessary approvals [8] - The offering will be completed via a prospectus supplement to the short form base shelf prospectus dated April 30, 2025, which will be filed with regulatory authorities [5]