MINING REFINING

Troilus Gold secures $500m project financing with two additional LOIs

Wed Nov 20 2024

Troilus Gold, a Canadian development-stage mining company, has furthered its project financing strategy by securing two new letters of intent (LOIs). The official Export Credit Agency of Finland, Finnvera, has expressed its intent to provide up to $300m (€284.69m), while the Swedish Export Credit Agency (EKN) has committed approximately $200m (SKr2.2bn).

These funds are earmarked to support the development of the Troilus copper and gold project. Following a recent $500m LOI with Euler Hermes, these further LOIs highlight the company’s strategic initiatives to secure a solid financing package for the development of the Troilus project.

Located in the favourable mining jurisdiction of Quebec, Canada, the project boasts a significant land holding of 435km² in the Frôtet-Evans Greenstone Belt. The Troilus Project’s advancement is a key focus for Troilus Gold as it works towards finalising its financing strategy.

Source: https://www.mining-technology.com/