$TLG.TO

Troilus Mining Provides Latest Drill Results from Connector Zone

Troilus Mining (TLG.TO) posted the latest drill results from the Connector Zone as part of its ongoing 2026 exploration program at the Troilus project in Quebec, the company said Tuesday.Highlights include 1.15 grams per tonne (g/t) gold equivalent over 37 meters, including 3.84 g/t gold equivalent over 5 m.The latest results continue to demonstrate the presence of higher-grade mineralization within the Connector area and support the company's objective of evaluating opportunities to improve future mine planning, including potential resource conversion, pit sequencing, strip ratio optimization and early-year mill feed, Troilus said."The latest results are encouraging not only because they continue to demonstrate high grades and continuity in the Connector area, but because they are located in a part of the deposit that is planned for early-stage mining activities," CEO Justin Reid said.The Connector Zone has been a priority near-mine target since high-grade mineralization was first identified between the Z87 and J pits in 2022, Troilus said.Troilus' 2026 program was designed to build on this work by targeting mineralization in areas already incorporated into the current mine plan, where successful upgrading of inferred material could positively impact future project economics, according to Troilus.

Troilus Adds Drilling Extends High-Grade Mineralization Within Current Mine Plan Area

Troilus Says Drilled 1.15 g/t AuEQ Over 37 m, Including 3.84 g/t AuEQ Over 5 m, at Connector Zone

Troilus Gold Provides Additional Drill Results from West Rim Discovery

Troilus Gold (TLG.TO) reported Thursday additional drill results from the West Rim Zone as part of its ongoing 2026 exploration program at the Troilus copper-gold project in Quebec.Highlights include 19.06 grams per tonne (g/t) gold equivalent over 6.4 meters and 6.81 g/t gold equivalent over 5 m.The latest results continued to demonstrate the emergence of a significant high-grade mineralized zone located outside the current mineral resource estimate and within 200 m of the reserve pit outlined in a 2024 feasibility study, the company said."The consistency of high-grade mineralization we are seeing across the trend is particularly encouraging and continues to demonstrate the potential for West Rim to evolve into a meaningful near-mine zone within the broader Troilus project," Chief Executive Officer Justin Reid said.The results released to date represent about half of the 3,000 m planned for West Rim in 2026. The company expects to continue both infill and expansion drilling along the known mineralized trend while also testing the broader West Rim corridor, which remains largely underexplored.

Quebec Officials Visit Troilus Project for Announcement of 70 MW Hydroelectric Power Allocation

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.

Troilus Mining Receives Full Power Allocation from Hydro-Quebec and Ministry to Support Mine Construction and Operations

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."

Troilus Says Received Full Power Allocation from Hydro-Quebec and Quebec's MEIE to Support Mine Construction and Operations

Troilus Gold Releases Drill Results, Expands High-Grade West Rim Discovery

Troilus Gold (TLG.TO) released the first batch of results from the West Rim Zone as part of an ongoing 2026 exploration program at the Troilus copper-gold project in north central Quebec, the company said on Tuesday.The now-concluded West Rim drill program followed up on the newly discovered West Rim Zone, identified in 2024 within 200 meters of the North Reserve Pit.The latest drilling significantly expands and strengthens the original discovery, returning some of the strongest near-pit grade-thickness intercepts drilled to date at Troilus.Highlights of the results include 2.92 grams per tonne gold equivalent over 19 m, including 7.82 g/t gold equivalent over 5 m; and 1.97 g/t gold equivalent over 20 m, including 5.96 g/t gold equivalent over 6 m.All reported intercepts remain entirely outside the current mineral resource estimate while being located in close proximity to planned mining and infrastructure areas contemplated in the 2024 feasibility study.The results continue to support the potential for both open pit and underground development scenarios at West Rim.

Troilus Mining Upsizes Debt Financing Mandate for up to US$1.2 Billion

Troilus Mining (TLG.TO) increased its previously announced debt financing mandate from up to US$1.0 billion to up to US$1.2 billion.The upsizing reflects "continued strong lender support and advancing progress toward a fully funded construction package for the Troilus copper-gold project, located in north-central Quebec, Canada," it said.The financing is being led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada, and is expected to form the cornerstone of the project's overall financing structure, the company added.Shares of the company closed down 1.2% to $1.59 on Monday on the Toronto Stock Exchange.

BMO Initiates Coverage of Troilus Gold with Outperform Rating, C$3 Price Target

BMO Capital Markets on Friday initiated coverage of Troilus Gold (TLG.TO) with an outperform rating on the company's shares and a C$3.00 price target.The company trades at 0.4x P/NPV, which represents a discount to other emerging gold producers, especially considering the upside potential of the Troilus gold-copper project in Quebec.BMO estimated the Troilus project's net present value at US$3.05 billion at a 5% discount rate, which is above the company's feasibility study of US$885 million. First production is expected at the end of 2029.Price: $1.58, Change: $-0.01, Percent Change: -0.32%