Troilus Gold Secures US$700M Financing Mandate for Quebec Project

The latest announcement is out from Troilus Gold Corp ( (TSE:TLG) ).

Troilus Gold Corp has entered into a mandate letter with a syndicate of global financial institutions to arrange a project debt financing package of up to US$700 million for its Troilus Gold-Copper Project. This move marks a significant milestone in securing funding for the project’s construction, with due diligence and permitting processes underway, and financial close expected by the end of 2025. The involvement of major financial institutions underscores the project’s strong fundamentals and strategic importance, positioning Troilus as a financeable asset in the mining sector.

More about Troilus Gold Corp

Troilus Gold Corp is a company operating in the mining industry, focusing on the exploration and development of gold and copper resources. The company’s primary project is the Troilus Gold-Copper Project located in north-central Quebec, Canada.

YTD Price Performance: 25.00%

Average Trading Volume: 396,067

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$132.1M

See more data about TLG stock on TipRanks’ Stock Analysis page.