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Troilus Mining Corp. reports developments tied to its Troilus copper-gold project in north-central Québec, Canada. Recurring updates cover exploration drilling across the project land package, near-mine resource growth, engineering progress, construction-readiness planning, permitting and project financing activities.
Company news also includes commercial arrangements for copper-gold concentrate, lender and export-credit agency engagement, technical validation work, and finance or governance changes that support the transition from project definition toward mine development.
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.
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.