09:50 AM EST - Troilus Gold Corp. : Announced that is has agreed to indicative commercial offtake terms with Aurubis AG, a leading global copper smelter headquartered in Hamburg, Germany, for the offtake of copper-gold concentrate expected to be produced from the Company’s Troilus Project in north-central Quebec, Canada. The final binding offtake agreement is expected to be executed in connection with the completion of the Project’s broader debt financing package of up to US$700 million announced on March 13, 2025 , which is being structured by a syndicate of global financial institutions, including Société Générale, KfW IPEX-Bank, and Export Development Canada. This financing is expected to include support from Euler Hermes Aktiengesellschaft, representing the German Federal Ministry for Economic Affairs and Climate Action, which has issued a letter of intent (“LOI”) to Troilus for up to US$500 million, confirming in-principle eligibility for an untied loan guarantee. Troilus Gold Corp.
shares T.TLG are trading up 1 cent at $0.74.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=TLG%3ACA&qmodStoryID=4982164261990025
