TROILUS MNG (CHXMF) Stock News, Jan-Jul 2025

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.

Troilus Gold Corp. has reached an agreement on indicative commercial offtake terms with Aurubis AG, a leading German copper smelter, for copper-gold concentrate from its Troilus Project in Quebec. The project is expected to produce approximately 135.4 million pounds of copper equivalent or 75,000 WMT of concentrate annually, containing copper, gold, and silver. This agreement is part of a broader financing package of up to US$700 million, which includes potential support of up to US$500 million from Euler Hermes. The deal strengthens Aurubis' raw material portfolio while providing Troilus with a strategic partnership for its concentrate production. 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 (CHXMF) reported exceptional drill results from its Southwest Zone exploration program at the Troilus Project in Quebec. The program's highlight includes the highest-grade intercept ever recorded in the Southwest zone: 78.38 g/t gold equivalent over 2m, including 153.73 g/t AuEq over 1m. Other significant results include 0.94 g/t AuEq over 73m and 0.92 g/t AuEq over 69.3m. These results fall within the Phase 1 reserve pit, which encompasses years 1-5 of the mine plan, potentially optimizing early production schedules. The high-grade mineralization is hosted within a sheared felsic porphyry unit with visible gold-bearing veins. The company is now incorporating these results into the Southwest resource model and shifting focus to near-site and regional targets, with plans for further drilling in Q3 2025.

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.