CHXMF News & Events

Troilus Gold increased its previously announced debt financing mandate from $700M to up to $1B. The financing, led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada, will support the development and construction of the copper-gold Troilus Project, located in north-central Quebec, Canada. The upsizing of the mandate reflects the strength of current commodity markets and the material uplift in project economics relative to the conservative assumptions used in the Feasibility Study. It also underscores the continued confidence of the Company's lending partners and Troilus' growing strategic importance as one of North America's next major copper-gold mines. The expanded mandate represents a continuation of the structured financing process initiated in 2024 and reflects the growing alignment among Troilus' global lenders and export credit agency partners.

Troilus Gold has changed its auditor from McGovern Hurley to Deloitte effective October 21, 2025. The appointment of Deloitte was approved by the Board of Directors. There were no reservations in the Former Auditor's audit reports for any financial period during which the Former Auditor was the Company's auditor. There are no "reportable events" between the Company and the Former Auditor. The Company wishes to express its sincere appreciation to McGovern Hurley LLP for their services and professionalism during their tenure as auditor.

Troilus Gold reports continued progress on the basic and detailed engineering of its copper-gold Troilus Project led by engineering partner BBA based in Montreal, Quebec. Basic engineering of the Project has now surpassed 85% completion, marking significant progress since the last engineering update provided on June 10, 2025. Following the completion of trade-off studies and process flowsheet definition earlier this year, the focus shifted to cost estimation, procurement, and execution planning. Major deliverables - including capital cost estimates, vendor evaluations, and project execution plans - are now well advanced, supporting a targeted construction decision in 2026.