Troilus Gold (TSX: TLG) announced on Wednesday it has reached terms with Germany’s Aurubis AG for an offtake agreement on future production of concentrates from its copper-gold project in Quebec.
The final agreement, says Troilus, is expected to be executed in connection with the project’s broader $700 million debt financing package announced in March 2025. The financing is being structured by a syndicate of global financial institutions, including Société Générale, KfW IPEX-Bank and Export Development Canada.
This financing arrangement follows financial backings Troilus received last year from four global export credit agencies to support the project’s construction. Among those was Euler Hermes, which on behalf of the German Federal Ministry for Economic Affairs and Climate Action expressed its interest in providing a $500 million loan, contingent on an offtake agreement with…
