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Troilus Mining Corp. (CHXMF) generates frequent news as it advances the Troilus copper-gold project in Quebec from development toward potential construction. Company updates often focus on technical milestones, permitting progress, financing initiatives, and commercial partnerships that shape the future of this large-scale open-pit mining project.
Investors following CHXMF can expect news on engineering work led by BBA Inc., including progress on basic and detailed engineering, process flowsheet definition, capital cost estimation, and construction readiness planning. Troilus also issues releases on regulatory steps such as the filing and review of its Environmental and Social Impact Assessment with provincial and federal authorities.
Financing and commercial developments are another key theme. The company has announced indicative expressions of interest from export credit agencies, mandates for a senior project debt facility with international financial institutions, and indicative offtake terms and a Memorandum of Agreement for long-term copper-gold concentrate sales with European smelters Aurubis AG and Boliden Commercial AB. Equity financings and changes in auditors or strategic advisors are also reported through its news flow.
Troilus’ news coverage further highlights environmental and social initiatives, including community engagement with Indigenous and local partners, recognition by the Québec Mineral Exploration Association, and participation in Canadian government-led critical minerals missions to Germany, Japan, and South Korea. For investors and observers, the CHXMF news page offers a centralized view of how the company is progressing across technical, regulatory, financial, and ESG dimensions as it works to advance one of Canada’s significant undeveloped gold-copper projects.
Troilus (OTCQX: CHXMF) summarized its 2025 exploration at the Troilus copper-gold Project (435 km2) and released initial assay and geophysics results that indicate near-mine resource upside and new targets across the property. The program drilled 13,320 metres (11,880 m inside the Phase 1 reserve pit area), completed 2,144 line-km VTEM and 27.85 line-km IP surveys, and collected 2,887 soil samples. Key assays include 2.44 g/t AuEq over 56 m, 78.38 g/t AuEq over 2 m, and extensions returning 1.46 g/t AuEq over 13 m. A new Bear Lake trend was discovered outside the May 2024 pit shell and remains open. 3D geophysical modelling is underway to prioritize 2026 drilling.
Troilus Mining (OTCQX: CHXMF) reviewed 2025 progress and outlined 2026 priorities as it advances the Troilus copper-gold project toward construction readiness. Key 2025 achievements include a ~432% rise in share price, completion of basic engineering and transition to detailed engineering, submission of the ESIA to federal and provincial authorities with federal approval targeted in H2 2026, ~13,300 metres of drilling to upgrade resources, and a CDN$172.5M bought-deal equity financing. Troilus secured a mandated senior debt syndicate increased to up to US$1.0B and negotiated preliminary offtake terms with Aurubis and Boliden. 2026 will focus on detailed engineering, permitting, financing finalization, early site works, and organizational readiness.
Troilus Mining Corp (OTCQX: CHXMF; TSX: TLG) completed its name change from Troilus Gold Corp to Troilus Mining Corp (French: Corporation minière Troilus) following shareholder approval on December 4, 2025. Subject to filings, common shares are expected to trade under the new name on the Toronto Stock Exchange at the start of trading on December 10, 2025, while the ticker TLG will remain unchanged. The new CUSIP for common shares is 89688V103 and warrants expiring October 18, 2026 will have CUSIP 89688V111. Over 55% of issued shares were represented at the Annual and Special Meeting and all management-nominated directors were elected with reported vote percentages. Deloitte LLP was approved as auditor for the ensuing year.
Troilus Gold Corp (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) changed its auditor from McGovern Hurley LLP to Deloitte LLP effective October 21, 2025. The appointment was approved by the Board of Directors.
The Former Auditor issued no reservations for any period it audited and the company reports no reportable events under NI 51-102 between the company and the Former Auditor. The company filed a Notice of Change of Auditor and required letters from both auditors on SEDAR+.
The company expressed appreciation to McGovern Hurley for their services.
Troilus (OTCQX: CHXMF) reports basic engineering for the Troilus copper-gold Project has surpassed 85% completion as of Oct 15, 2025, led by BBA.
Key engineering deliverables — capital cost estimates, vendor evaluations, and execution plans — are well advanced, with all RFQs issued and firm bids received for key items. Review of 3D models is over 30% complete. The company is targeting completion of basic engineering before year-end and a construction decision in 2026, progressing toward construction readiness and commissioning sequencing.
Troilus (OTCQX: CHXMF) was shortlisted for the QMEA Excellence in Sustainable Development award and has also submitted a candidacy for Entrepreneur of the Year.
The awards are part of the Québec Mineral Exploration Association’s 2025 Recognition Gala on October 29, 2025, held during the Xplor convention at Le Westin Montréal from October 27–30, 2025. Selections are made by a committee reporting to the QMEA Board, based on companies’ work, projects, and initiatives over the year.
Troilus emphasized its focus on environmental stewardship, community engagement, and responsible advancement of the Troilus Project as one of Canada’s largest future gold-copper producers.
Troilus Gold Corp. (OTCQX: CHXMF) has signed a Memorandum of Agreement (MoA) with Aurubis AG, a leading global copper smelter, for long-term copper-gold concentrate offtake from its Troilus Project in Québec, Canada. The agreement was executed during Canada's Critical Minerals Mission to Germany, attended by high-ranking government officials from both countries.
The MoA establishes commercial terms for a significant portion of Troilus' concentrate delivery to Aurubis and aligns with the company's broader debt financing package of up to US$700 million announced in March 2025. Ocean Partners USA Inc. is serving as Troilus' independent advisor for the concentrate offtake strategy, while Auramet International Inc. continues to assist with debt package structuring.
Troilus Gold Corp. (OTCQX: CHXMF) has been invited to participate in two significant international government missions, highlighting the strategic importance of its copper-gold project in Canada's critical minerals strategy.
The company will join Canadian Prime Minister Mark Carney and Minister Tim Hodgson in Berlin on August 26-27, 2025, showcasing its partnerships with German entities Aurubis, KfW IPEX-Bank, and Euler Hermes. Additionally, Troilus will attend the Canadian Critical Minerals Investment Forum in Tokyo (August 26-28) and Seoul (August 29-30), engaging with global investors and potential partners.
Troilus Gold (OTCQX: CHXMF) has secured indicative commercial offtake terms with Boliden Commercial AB for copper-gold concentrate from its Troilus Project in Quebec, Canada. This marks the company's second offtake arrangement, following a previous agreement with Aurubis AG.
The Troilus Project, according to its May 2024 Feasibility Study, is expected to produce an average of 135.4 million pounds of copper equivalent annually, or 75,000 wet metric tonnes of concentrate. The agreement will be finalized alongside the completion of a US$700 million debt financing package, which involves major financial institutions including Société Générale, KfW IPEX-Bank, and Export Development Canada.
Troilus Gold Corp. (OTCQX: CHXMF) has appointed Rob Doyle as Strategic Advisor to the CEO and Chairman, effective August 1, 2025. Doyle, a seasoned mining executive with over 25 years of experience, is known for his 18-year tenure as CFO at Pan American Silver Corp. and his recent role at SilverCrest Metals, which was acquired by Coeur Mining for $1.7 billion.
In his advisory role, Doyle will provide strategic, financial, and operational guidance as the Troilus copper-gold project advances toward construction. The company completed its Feasibility Study in 2024, submitted its Environmental and Social Impact Assessment, and is targeting a construction decision in 2026. The project financing process includes an indicative offtake agreement with European smelter Aurubis and is being led by a syndicate of international financial institutions.
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