Troy Minerals Updates on the Operational Mining Permit for its Tsagaan Zalaa Silica Project, Mongolia and Initiates Commodity Off-Take Discussions

Rhea-AI Summary

Troy Minerals (OTCQB:TROYF) reports permitting progress for the Tsagaan Zalaa Silica Project in Dornogovi Province, Mongolia. Grand Samsara completed registration of high-purity quartz resources with Mongolia's Ministry, approved by a 15-member council, a key step toward a Mining License.

The physical Mining License certificate is expected in early November 2025. Key permit components (EIA, CSR agreement, blasting permit, quality plans, environmental and emergency plans) are on schedule for completion between November–December 2025, targeting Operating Permit submission by December 2025 and permit receipt by late 2025–early 2026. Troy has begun HPQ metallurgical sampling with independent Chinese labs and early off-take discussions in Central and East Asia.

Positive

• Resource registration approved by 15-member Ministry council
• Physical Mining License certificate expected early November 2025
• Targeting Operating Permit submission by December 2025
• Metallurgical sampling underway with independent Chinese labs
• Initiated off-take discussions with solar and semiconductor clients

Negative

• Environmental Impact Assessment still in progress (expected November 2025)
• Operating Mining Permit not yet issued, timing remains uncertain
• No NI 43-101 feasibility study yet; production decisions carry increased risk

VANCOUVER, BC / ACCESS Newswire / October 30, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to report continued progress toward securing an Operating Mining Permit for its Tsagaan Zalaa Silica Project ("Tsagaan Zalaa" or the "Project") in Dornogovi Province, southeastern Mongolia.

Troy's local partner, Grand Samsara Consulting LLC, has now completed several critical milestones in the multi-stage permitting process following the successful registration of high-purity quartz ("HPQ") silica resources with the Mineral Resources and Petroleum Authority of Mongolia under the Ministry of Industry and Mineral Resources (the "Ministry").

This registration-approved by a 15-member council appointed by the Ministry-represents the most significant step toward the issuance of a Mining License. Grand Samsara has been advised that the physical Mining License certificate will be issued in early November 2025.

Figure 1. Location of the Tsagaan Zalaa Silica Project in Southern Mongolia

Strategic Location and Regional Infrastructure
The Tsagaan Zalaa Project lies in Saikhandulaan Soum, Dornogovi Province, approximately 95 km west of Sainshand, the provincial capital. Sainshand sits along the Trans-Mongolian Highway and Railway, which links Ulaanbaatar to China, providing direct export routes for industrial minerals. Located just 200 km from the Chinese border, Sainshand serves as a major logistics and processing hub for Mongolia's mineral exports, including silica.

Next Steps Toward the Operating Permit
Several key components required for the Operating Mining Permit are either completed or advancing on schedule, with the goal of final submission by December 2025.

• Detailed technical and economic studies for the utilization and export of the mineral resources (completed),

• An Environmental Impact Assessment study (in progress, expected to be completed in November 2025),

• Local Government Agreement that includes an appropriate Corporate Social Responsibility ("CSR") plan (in progress, November 2025),

• Blasting Permit application, and land Quality Assurance plans (in progress, December 2025),

• Environmental Management Plan and Emergency Response Plan (in progress, November 2025).

Concurrently, Troy has initiated discussions with HPQ specialists and potential off-take partners across Central and East Asia. This includes metallurgical sampling by independent Chinese laboratories and early-stage evaluations with industrial clients in the solar and semiconductor supply chains. Based on current progress and recent meetings with Mongolian authorities, Troy anticipates receiving the Mine Operating Permit by late 2025 or early 2026.

"I recently returned from a highly productive trip through Mongolia (Ulaanbaatar and Tsagaan Zalaa) and China (Beijing and Baotou)," said Yannis Tsitos, President of Troy Minerals. "Baotou-recognized globally as a World Green Silicon City-is a leading hub in the photovoltaic and renewable-energy supply chain. Our visits to solar-panel and silicon-processing facilities and meetings with HPQ experts underscore the growing demand for premium grade silica in Asia. We're extremely pleased with our permitting momentum and business development initiatives, which together position 2026 as a milestone year for both Grand Samsara and Troy Minerals."

* Any production decision in advance of obtaining a NI 43-101 compliant feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.

Figure 2. Silicon production at a Baotou plant, Inner Mongolia, China - photographed during Troy's President's recent trip and meetings in Baotou.

About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), scandium, vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America (through the Table Mountain, the Lake Owen and the St. Jaques projects) and Central-East Asia (through the Tsagaan Zalaa project). The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to deliver tangible monetary value to shareholders, state, and local communities.

ON BEHALF OF THE BOARD,
Rana Vig | President and Director Telephone: 604-218-4766
Email: rana@ranavig.com

Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: Troy Minerals Inc.

View the original press release on ACCESS Newswire

FAQ

What permitting milestone did Troy Minerals (TROYF) achieve for Tsagaan Zalaa on October 30, 2025?

Grand Samsara secured registration of HPQ silica resources with Mongolia's Ministry, approved by a 15-member council.

When does Troy Minerals expect the physical Mining License certificate for Tsagaan Zalaa (TROYF)?

The physical Mining License certificate is expected in early November 2025.

What is Troy's timeline to submit the Operating Mining Permit for Tsagaan Zalaa (TROYF)?

Troy aims to complete permit components and submit by December 2025, targeting receipt by late 2025 or early 2026.

Has Troy (TROYF) started commercial discussions or testing for Tsagaan Zalaa silica?

Yes; metallurgical sampling by independent Chinese labs is underway and early off-take discussions with Asian industrial clients have begun.

How does Tsagaan Zalaa's location affect export logistics for Troy Minerals (TROYF)?

The project is near Sainshand on the Trans-Mongolian Highway and Railway and ~200 km from the Chinese border, enabling direct export routes.

What regulatory or technical risks remain for Tsagaan Zalaa that investors should note for TROYF?

The EIA and other permit elements remain in progress and there is no NI 43-101 feasibility study confirming reserve economics yet.