Troilus Mining (TLG.TO) Tuesday said that Hydro-Quebec and Quebec's Ministere de l'Economie, de l'Innovation et de l'Energie (MEIE) have approved the company's request for a 70 megawatts (MW) power allocation to support the development and operation of its copper-gold Troilus Project in north-central Quebec.
"The allocation represents a major project de-risking milestone and reinforces Troilus' strategic importance as one of Quebec's next large-scale critical minerals projects," said the company.
The formal power request was submitted in early 2025, followed by continuous constructive engagement with Hydro-Quebec and key government stakeholders, it stated. With permitting, detailed engineering, and project financing advancing in parallel, the allocation ensures that sufficient power will be available to support development as planned, the company added.
Access to Quebec's low-carbon hydroelectric grid is expected to be a "key contributor" to the project's long-term emissions reduction objectives and provides Troilus with access to reliable, competitively priced renewable energy, said the company, and added that power infrastructure, including 107 kilometers of 161kV high-tension powerlines are already in place and connected to a substation at the Troilus site.
"This confirmation from Hydro-Quebec and the MEIE marks a crucial milestone for Troilus that meaningfully advances the project's overall development readiness," said Justin Reid, CEO of Troilus. "Access to reliable hydroelectric power is a critical component of responsible mine development in Quebec, and this allocation reflects the advanced stage and broader strategic importance of the Troilus Project within the province's industrial and critical minerals landscape. Troilus is positioned to become a long-life project for Quebec - one capable of delivering meaningful economic benefits, supporting domestic copper supply, and contributing to long-term regional development in Northern Quebec. Securing this allocation further strengthens the foundation of the project and de-risks our path toward the next stage of development."