Troilus Closes $172.5 Million Bought Deal Public Offering Including the Full Exercise of Over-Allotment Option

Core Viewpoint - Troilus Gold Corp. has successfully closed a bought deal public offering, raising a total of $172.5 million through the issuance of 133,722,000 common shares at a price of $1.29 per share [1][2]. Group 1: Offering Details - The offering was led by a syndicate of underwriters including Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc., among others [2]. - The net proceeds from the offering will be allocated to ongoing pre-development activities at the Troilus Copper-Gold project, debt repayment, and general corporate purposes [2]. Group 2: Regulatory and Documentation - The offering was conducted via a prospectus supplement to the base shelf prospectus dated April 30, 2025, with the supplement filed on November 7, 2025 [3]. - The shares were offered in the United States under an exemption from registration requirements, and in other jurisdictions as agreed upon by the company and underwriters [3]. Group 3: Company Overview - Troilus Gold Corp. is a Canadian development-stage mining company focused on advancing the Troilus Mine, located in Quebec, Canada, covering a land position of 435 km² [6]. - A feasibility study completed in May 2024 supports a large-scale open-pit mining operation projected to last 22 years with a capacity of 50,000 tons per day [6].