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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 Gold Corp (OTCQX:CHXMF) has filed its Environmental and Social Impact Assessment (ESIA) for the Troilus Copper-Gold Project with both Quebec and Canadian government authorities. The filing represents a major milestone in advancing one of North America's largest undeveloped gold and copper projects towards construction.
The ESIA submission, developed over five years, includes extensive community consultation with Cree Nations and local communities, and benefits from the site's history as a past-producing mine (1996-2010). Key environmental findings confirm the project's waste rock is non-acid-generating, significantly reducing environmental risks. The review process is expected to conclude by year-end 2026.
Troilus Gold reported exceptional drill results from its 2025 campaign at the Southwest Zone, including a record-breaking intercept of 2.44 g/t AuEq over 56 meters. The highlight drill hole SW-25-688 included a high-grade section of 3.28 g/t AuEq over 34 meters, marking the best linear-grade intercept in the zone's history.
Additional significant findings include hole SW-25-679 with 1.22 g/t AuEq over 51 meters near surface, and hole SW-25-712 yielding 0.97 g/t AuEq over 73 meters. These results confirm high-grade mineralization continuity within the Phase 1 reserve pit, crucial for the first five years of mining operations.
The ongoing drill program, scheduled until mid-May, aims to better define high-grade zones and enhance confidence in the block model. Future plans include testing several geophysical anomalies outside the existing resource, with follow-up drilling planned for Fall 2025.
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.
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