Troilus Mining (TLG.TO) recently welcomed representatives from the Government of Quebec to the Troilus copper-gold project for the official announcement of the allocation of 70 megawatts of hydroelectric power to the project, the company said Wednesday.
Quebec officials including Bernard Drainville -- minister of economy, innovation and energy -- and Kateri Champagne Jourdain -- minister of natural resources and forests -- visited the site.
The officials highlighted the role of projects such as Troilus in supporting the province's critical minerals strategy, regional economic development priorities, and long-term energy transition objectives amid growing global demand for copper.
"Access to reliable, low-carbon hydroelectric power is fundamental to the responsible development of large-scale mining projects in Northern Quebec, and the allocation of 70 MW marks a significant step forward as we continue advancing permitting, engineering, financing, and overall project readiness activities," Chief Executive Officer Justin Reid said.
Troilus continues to make progress across financing, permitting, engineering, and overall project readiness initiatives as it advances toward construction, the company said.