Troy Minerals Inc Stock Price, News & Analysis

Troy Minerals (OTCQB:TROYF) has announced a private placement offering of 10,000,000 to 15,000,000 units at $0.10 per unit, aiming to raise up to $1.5 million in gross proceeds. Each unit consists of one common share and one-half of a common share purchase warrant.

The warrants will allow holders to purchase additional common shares at $0.15 per share for a two-year period. The proceeds will fund exploration projects in British Columbia, Mongolia, and Wyoming, along with marketing, working capital, and general corporate purposes. The offering is expected to close by July 31, 2025.

The units will be offered through the listed issuer financing exemption in British Columbia and Ontario, with warrant-underlying shares subject to a four-month contractual hold period. The offering requires CSE approval, and the company may pay finder's fees in accordance with CSE policies.

Troy Minerals (OTCQB:TROYF) has announced a maiden Inferred Mineral Resource Estimate (MRE) for its 100%-owned Table Mountain Project in British Columbia, Canada. The initial resource estimate reveals 56,945,602 tonnes of high-purity silica at an average grade of 98.91% SiO₂, with analytical sampling results ranging from 95.82% to 99.82% SiO₂.

The resource estimate, prepared by Ray GeoConsulting Corporation in accordance with NI 43-101 standards, demonstrates significant potential as the deposit remains open along strike and at depth. The quartzite deposit has a bulk density of 2.766 t/m³ and is part of the Ordovician Mount Wilson Formation.

Troy Minerals has outlined its next steps, including the preparation of a detailed NI 43-101 Technical Report to be filed within 45 days, a Phase II exploration program aimed at resource expansion and category upgrades, and comprehensive metallurgical testing to confirm the silica's suitability for high-end industrial applications. The company plans to initiate scoping and economic studies following the metallurgical testing phase.

Troy Minerals (TROYF) has announced significant drilling results from its Lake Owen Project in Wyoming, revealing extensive critical metal mineralization. The maiden drilling program's Hole LO24-01 showed continuous mineralization over 240.73 meters, containing 1.53% TiO2, 0.10% V2O5, 16.0% Fe, 69.7 ppm Sc2O3, and 26.2 ppm Ga2O3. The project, located 50 km southwest of Laramie, is a Proterozoic layered mafic intrusion complex similar to the Stillwater Complex and Merensky Reef. Two diamond holes totaling 607.77 meters were drilled in late 2024. The company plans summer fieldwork including soil sampling and geological mapping to refine drill targets for the 2026 season.

Troy Minerals (OTCQB: TROYF) has provided an update on the geophysical survey analysis at its Lake Owen Project in Wyoming. The 1,424-hectare project, located 50 km southwest of Laramie, is being explored for titanomagnetite-hosted mineralization. Recent maiden drilling confirmed high concentrations of vanadium pentoxide and titanium dioxide, along with scandium discovery.

The project is supported by the USGS Earth MRI initiative, which provided high-resolution airborne magnetic and radiometric survey data. Troy has engaged Geophysics One Inc. to process and interpret this data. The survey, conducted by EON Geosciences, covered 16,400 line-km with 100m line separation over the Lake Owen Complex in 2023. The data reveals consistent rhythmic magnetic layers extending 10 km or more laterally.

Troy Minerals (TROYF) provided updates on its four critical minerals projects. At Table Mountain Silica Project in BC, Canada, the company expects to complete a maiden resource estimate in Q2 2025. For the Tsagaan Zalaa Silica Project in Mongolia, Troy anticipates receiving a mining license in Q2 2025, strategically positioned 200km from the Mongolia-China border. The Lake Owen Project in Wyoming has doubled in size to 1,424 hectares, with recent drilling confirming high concentrations of vanadium pentoxide, titanium dioxide, and scandium. The project receives support from the USGS Earth MRI initiative. At the Lac St.Jacques REE Project in Quebec, the company completed 2,756 metres of drilling across 8 holes, with results pending. The project, spanning 2,889 acres, targets rare earth elements, particularly neodymium and praseodymium.

Troy Minerals (TROYF) has completed its maiden two-hole drilling program at the Lake Owen Project in Wyoming, discovering critical minerals including Scandium (REE). The project, located 50 km southwest of Laramie, is a Proterozoic layered mafic intrusion complex similar to the Stillwater Complex and Merensky Reef.

Key findings from the 607.77-meter drilling program include:

• Several anomalous zones of Titanium (>1%) discovered
• Elevated Vanadium values correlating with titanium enrichment
• Significant Scandium concentrations in sampled Mag Gabbro and Green Gabbro zones

Drill hole LO24-01 revealed promising results with titanium and vanadium enrichment, while LO24-02 showed no anomalous values. The company has expanded its footprint to 185 Claims and is planning a second phase exploration program for summer 2025.

Troy Minerals (TROYF) has strategically doubled its Lake Owen Project in Wyoming through the addition of 85 new claims, bringing the total to 185 claims. The expansion increases the property size from 714 to 1433 hectares, focusing on potentially fertile magnetite-rich gabbro areas.

The expansion follows the company's first phase geological program in H2 2024, which included geological mapping, diamond drilling, and sampling. The Lake Owen Project is a Proterozoic layered mafic intrusion complex, similar to the Stillwater Complex and Merensky Reef, targeting vanadium, titanium, PGE, and associated metals mineralization.

The project has garnered attention from the US government's critical minerals strategy, with recent high-resolution airborne Magnetic and Radiometric geophysical surveys conducted. USGS and WGS geologists have visited the property to review drill core and select samples for petrologic studies.

Troy Minerals Inc. (TROYF) has submitted a mining license application for its Tsagaan Zalaa Silica Project in Mongolia through its subsidiary Grand Samsara Consulting The project, located 200 kilometers from the Mongolia-China border, aims to produce high-purity quartz silica (HPQ).

The 1,670-hectare project has demonstrated silica purity of up to 99.98% after beneficiation, based on a 10-tonne bulk sample sold to a Chinese off-taker in 2023. The site features massive high-purity quartz veins up to 5 metres in width exposed on surface.

Troy plans to implement a simple 'Blast-Scoop-Load' production approach, initially focusing on selling raw high-purity silica without requiring a processing plant. The company aims to initiate production in 2025, pending mining license approval. Troy is currently working on finalizing a Preliminary Economic Assessment (PEA) study, securing financing, and advancing discussions with offtake partners.

Troy Minerals has announced results from sampling at its 100% owned Table Mountain Silica Project near Golden, British Columbia. The program identified three distinct zones of high-purity silica mineralization within the Mount Wilson Quartzite Formation:

- Table Mountain Zone: Averaged 98.90% SiO₂ from 45 grab samples (range: 98.18-99.74%)

- South Zone: Averaged 98.80% SiO₂ from 13 samples (range: 97.83-99.49%)

- Southeast Zone: Averaged 98.52% SiO₂ from 29 samples (range: 95.82-99.82%)

Channel sampling at the Table Mountain Zone yielded 98.86% SiO₂ over 62.11 metres across five channels. The quartzite zone extends at least 150 metres wide with a strike length of minimum 4 kilometers. All zones showed very low levels of deleterious elements.