Troilus Mandates Syndicate of Global Lenders for up to US$700M Project Financing

Troilus Mandates Syndicate of Global Lenders for up to US$700M Project Financing

Benzinga
March 14, 2025

MONTREAL, Quebec, March 13, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX:TLG, OTCQX:CHXMF, FRA: CM5R)) ("Troilus" or the "Company") is pleased to announce that it has executed a mandate letter with respect to a non-binding term sheet with a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada ("EDC"), (together the mandated lead arrangers or "MLAs") to arrange a structured project debt financing package of up to US$700 million for the development and construction of the Troilus Gold-Copper Project, located in north-central Quebec, Canada.

This syndicate of lenders brings deep expertise in structuring project financing for large-scale mining developments, reinforcing Troilus as a globally recognized, financeable asset. The execution of this mandate letter represents a major milestone in advancing towards a fully funded construction package and follows four previously announced Letters of Intent ("LOIs") from global export credit agencies ("ECAs") totaling up to US$1.3 billion (see November 13, 19, and 21, 2024 press releases). Troilus anticipates that the ECAs previously detailed and other ECAs will provide financing and guarantees in support of companies and off-take arrangements within their domestic economies.

Justin Reid, CEO of Troilus, commented, "Securing this mandate with three globally recognized financial institutions that have expertise in structuring financing solutions for large-scale mining development is a pivotal step in delivering a fully funded construction package for the Troilus project. These institutions bring world-class mining finance expertise, and their participation further validates the project's strong fundamentals and strategic importance. Project due diligence is underway in parallel with continued permitting and detailed engineering; our ...

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