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.
Justin Reid, CEO of Troilus, commented, "I'm incredibly proud of the entire team for their relentless dedication to this project. We are building a long-life operation founded on strong economics, technical excellence, and environmental integrity. Our focus has been and remains on securing a robust and sustainable financing structure that reflects the quality and enduring potential of the Troilus Project. The increase to US$1 billion positions us to deliver a funded construction package for Troilus in 2026 and reflects the team's disciplined approach to unlocking value for our stakeholders and communities". Technical, financial, and environmental & social due diligence with the MLAs is progressing on schedule and is nearing completion. Finalization is anticipated in Q1 2026, which remains subject to credit approvals, and negotiation and execution of definitive financing agreements and satisfaction ...
