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Highlights
Troilus signed a long-term offtake MoA with Aurubis AG for copper-gold concentrate from its Québec-based project.
The agreement coincides with Troilus’ progress on a USD 700 million debt financing package to support project development.
The MoA reinforces the strategic role of the Troilus Project in improving North American and European critical mineral supply chains.
Troilus Gold Corp. (TSX:TLG has executed a Memorandum of Agreement (MoA) with Aurubis AG, a leading global copper smelter and recycler based in Hamburg, Germany, for the long-term offtake of copper-gold concentrate from the Troilus Project in Québec, Canada. The agreement formalizes the indicative terms outlined on June 18, 2025, advancing the partnership between the two companies as Troilus progresses toward project financing and development.
Formal Agreement Signed in Germany
The MoA was signed during the Government of Canada’s Critical Minerals Mission to Germany. The ceremony was attended by senior Canadian and German government officials, including Prime Minister Mark Carney, Minister of Energy and Natural Resources Tim Hodgson, and Minister of Industry Mélanie Joly, alongside Germany’s Minister for Economic Affairs and Energy, Dr. Katherina Reiche. The event also included participation from Canadian and German energy and resource companies, emphasizing the importance of critical minerals in international trade and supply chain security.
Under the MoA, Aurubis will secure a significant portion of the copper-gold concentrate produced at the Troilus Project. This agreement builds closer alignment between the companies and enhances the project’s positioning as a future supplier to European markets.
Financing and Strategic Importance
The agreement is advancing in parallel with Troilus’ broader debt financing program of up to USD 700 million, first announced in March 2025. The financing package is being structured to support the development and construction of the Troilus Project, a critical minerals asset located in north-central Québec.
The MoA is considered an important step in reinforcing Troilus’ role as a future North American supplier of copper and gold concentrate to Europe.
Independent Advisory and Support
Troilus continues to receive support from Ocean Partners USA Inc., its independent advisor for concentrate offtake strategy. Ocean Partners is providing guidance across technical, commercial, and financial aspects of the agreements, ensuring that the long-term sales arrangements are structured to support the Company’s transition toward construction.
Additionally, Auramet International Inc. remains engaged with the Company, assisting in the structuring of the project’s debt package and coordinating with potential lenders and strategic partners. This combined advisory support is expected to be instrumental in advancing all aspects of the Troilus Project as it moves closer to a construction decision.
