These LOIs provide a robust foundation for a multi-faceted financing structure and further solidifying the Troilus project’s path toward becoming a significant North American copper and gold producer, the company stated in a news release.
The EDC funding is subject to its rigorous due diligence process, including but not limited to, economic, technical, environmental and social, it added. A financial Crown corporation owned by the Canadian government, EDC facilitated more than $8 billion in business through its customers in the mining sector in 2023.
“As a Canadian company, this support from EDC reinforces the Troilus project’s importance to Canada’s critical minerals strategy and broader resource objectives, while highlighting our nation’s leadership in advancing domestic projects with global significance,” commented CEO Justin Reid.
Troilus is focused on advancing its flagship copper-gold project…
