Troilus Upsizes Debt Financing Mandate to US$1 Billion

Core Insights - Troilus Gold Corp. has increased its debt financing mandate from US$700 million to up to US$1 billion, reflecting strong market conditions and enhanced project economics [1][2][3] - The financing will support the development and construction of the Troilus Project, a significant copper-gold mining operation in Québec, Canada [1][7] - The increase in financing underscores the confidence of lending partners and Troilus' strategic importance in North America's mining sector [2][4] Financing Details - The financing is led by a syndicate of global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada [1] - The expanded mandate is part of a structured financing process initiated in 2024, indicating growing alignment among Troilus' lenders and export credit agency partners [3][5] - Finalization of technical, financial, and environmental due diligence is expected in Q1 2026, subject to credit approvals and definitive financing agreements [5] Project Overview - Troilus Gold Corp. is focused on advancing the former Troilus Mine towards production, with a large land position of 435 km² in the Frôtet-Evans Greenstone Belt [7] - A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50,000 tons per day open-pit mining operation [7] - The increase in financing positions the company to deliver a funded construction package for Troilus in 2026, reflecting a disciplined approach to value creation [4]