Troilus Gold - CHXMF STOCK NEWS

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) receives bipartisan support for streamlined mining project permitting in Canada. Both the Liberal Party and Conservative Party have endorsed efficient regulatory frameworks, with the Conservatives specifically naming Troilus as one of ten key natural resource developments.

The company's Copper-Gold Troilus Project, Quebec's largest copper project in permitting stage, features a 22-year mine life with annual production of 135.4 million copper-equivalent pounds or 303,000 gold-equivalent ounces according to a 2024 Feasibility Study. The project is expected to contribute CAD$1.23 billion in tax to Quebec and CAD$584 million to the federal government.

The project has secured a US$700 million financing mandate with global financial institutions in March 2025. The company plans to submit its Environmental and Social Impact Assessment in Q2 2025.

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) has secured a mandate letter for a potential US$700 million project financing package with a syndicate of global financial institutions including Societe Generale, KfW IPEX-Bank, and Export Development Canada. This development follows four previously announced Letters of Intent from export credit agencies totaling up to US$1.3 billion.

The financing package aims to fund the development and construction of the Troilus Gold-Copper Project in north-central Quebec, Canada. The company is currently undergoing detailed technical, financial, and environmental & social due diligence with the mandated lead arrangers, targeting financial close before the end of 2025.

The project is advancing with key development milestones, including the final submission of its Environmental and Social Impact Assessment and the progression of engineering work by BBA Inc. The completion of the financing package remains subject to final due diligence, credit approvals, and execution of definitive agreements.

Troilus Gold Corp. has initiated the submission process for its Environmental and Social Impact Assessment (ESIA) for its copper-gold project in north-central Quebec. This milestone represents progress toward final permitting of one of Canada's largest undeveloped gold-copper deposits.

Under a new collaborative approach with the Impact Assessment Agency of Canada and the Cree Nation Government, Troilus can submit ESIA sections for review as they're completed, enabling early feedback incorporation. The ESIA culminates over five years of work, including field studies and stakeholder engagement, particularly with local Indigenous communities.

The assessment, prepared in partnership with BluMetric and Stantec, includes environmental baseline studies, social-economic impact evaluations, and extensive community consultations. The final ESIA submission is expected in Q2 2025.

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) has awarded BBA Inc. the contract for basic and detailed engineering work for its copper and gold Troilus Project in north-central Quebec. BBA, a Canadian engineering consulting firm with over 40 years of experience, will be responsible for developing on-site infrastructure, designing an optimized process plant, and preparing technical specifications for procurement activities.

The scope includes mine services buildings, administrative offices, access roads, and designing crushing, grinding, flotation, and gold recovery circuits. BBA has previously contributed to major Canadian gold operations like Canadian Malartic Mine and Detour Lake, and has historical experience with the Troilus site from its operation under Inmet Mining Corp.

The work program is scheduled to begin in early February 2025, marking a significant step toward construction readiness.

Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF) has announced three key appointments to strengthen its engineering team as the Troilus Project advances toward development and construction. Denis Rivard will join as Executive Vice President, Projects, Chris Sharpe as Vice President of Technical Services, and Jérôme Girard as Process Manager, all effective in February 2025.

Rivard brings over 35 years of experience in managing multi-billion-dollar mining projects, Sharpe contributes 20+ years in mine planning and technical studies, and Girard offers 25 years of mineral processing expertise, including previous experience at the Troilus site. Additionally, Ian Pritchard will transition to Senior Vice President, Technical Planning, following his role in delivering the May 2024 Feasibility Study, which outlined a 22-year, 50,000-tonne-per-day open-pit mining operation.

Troilus Gold Corp. (TLG; CHXMF) has released a year-end review highlighting key achievements in 2024 and outlining plans for 2025. The company completed a Feasibility Study in May 2024, demonstrating a 22-year open-pit operation with projected annual production of 303,000 gold-equivalent ounces. Notable developments include securing in-principle support for over US$1.3 billion from export credit agencies and beginning the dewatering of the J4 pit in August 2024.

The company made a significant 'West Rim' discovery in September, featuring high-grade intercepts of 1.66 g/t AuEq over 20m. Environmental initiatives included installing 500 solar panels and a wind turbine, while studies confirmed low potential for Acid Rock Drainage. For 2025, Troilus plans to complete pit dewatering, submit Environmental and Social Impact Assessment, advance engineering work, secure equipment orders, and continue exploration efforts.

Troilus Gold Corp. announces the appointment of Andy Fortin as Vice President of Operations and General Manager of the Troilus Mine. Fortin brings 28 years of experience, including 12 years at Troilus Mine from 1996-2008. The company reports significant operational progress, including dewatering operations that have removed over 2 million cubic metres of water from the J4 pit. The company has secured Letters of Intent totaling US$1.3 billion from multiple Export Credit Agencies. The Environmental and Social Impact Assessment is advancing, with final community consultations completed and submission planned for early Q1 2025.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced the installation of a new solar and wind energy generation system at its Troilus site. The system, developed in collaboration with Tugliq Energie Co., includes 500 solar panels capable of generating up to 222.5 kWp and a wind turbine generating up to 15kWp. This installation will supplement the existing 50MW substation connected to the Hydro-Quebec grid and provide backup power.

The company aims to develop a mix of sustainable energy solutions as it prepares for a potential mine restart. Troilus is also collecting wind data to explore future wind farm development. The new system is expected to reduce reliance on diesel generators, which doubled Scope 1 GHG emissions and increased energy costs by 33% during the 2023 forest fires.

Troilus is currently the largest permitting stage copper project in Quebec, with projected average production of 17.3 million pounds of copper annually over a 22-year mine life, aligning with Quebec's priority on battery metal production for energy transition.

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced positive drill results from its newly discovered 'West Rim' VMS target at the Troilus Project in Quebec, Canada. Key highlights include:

- Hole WR-24-003: 1.66 g/t AuEq over 20m, including 3.10 g/t AuEq over 8m
- Hole WR-24-004: 1.08 g/t AuEq over 11m, including 7.13 g/t AuEq over 1m

The West Rim target is located within 150 meters of the North Reserve Pit Shell and shows potential to enhance the mine model. The prospective trend extends for about 4km and remains largely unexplored. The company plans to commence the next round of drilling in the coming weeks, focusing on identifying higher-grade ounces that could be incorporated early in the mine plan.