Troilus Delivers on Key Development Milestones in 2025 and Enters a Pivotal Transition Year in 2026
Globenewswire·2026-01-08 12:00

Core Viewpoint - Troilus Mining Corp. has made significant progress in 2025, achieving key technical, regulatory, organizational, and financing milestones for its Troilus copper-gold project, resulting in a 432% increase in share price over the year and setting a strong foundation for 2026 [2][4]. Development Progress - The company completed basic engineering and transitioned to detailed engineering, submitted its Environmental and Social Impact Assessment (ESIA) at federal and provincial levels, and improved geological confidence through targeted drilling [3][9][10]. - Troilus achieved zero lost-time incidents in 2025 and implemented a modern health and safety framework, enhancing data collection and risk analysis [13]. - The organization was strengthened with key senior appointments across various departments to align with project needs as it moves towards execution [12]. Financing and Commercial Arrangements - Troilus secured indicative expressions of interest totaling approximately US$1.3 billion from global export credit agencies, laying the groundwork for structured project financing [16]. - A senior project debt facility was mandated for up to US$1 billion, with comprehensive due diligence ongoing to finalize the debt package [17]. - The company negotiated preliminary long-term offtake terms with leading copper smelters, reflecting strong demand for responsibly sourced copper [18]. Recognition and Strategic Importance - Troilus was recognized as a project of strategic importance within the critical minerals ecosystem, participating in Canadian government trade missions to Germany, Japan, and South Korea [5]. - The company received the Québec Mineral Exploration Association's Entrepreneur of the Year award, highlighting its progress and execution throughout the year [6]. Outlook for 2026 - The company aims to transition from planning to early construction readiness, focusing on detailed engineering, permitting, financing arrangements, and organizational readiness [7][22]. - Troilus remains committed to responsible project development and operational excellence, with a focus on delivering long-term value for shareholders and stakeholders [23].