Troilus Gold signs concentrate offtake deal with Aurubis

Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) signed a memorandum of agreement with Aurubis AG for long-term copper-gold concentrate offtake from its Troilus Project in Quebec, Canada.

The agreement was executed during Canada's Critical Minerals Mission to Germany, attended by Canadian Prime Minister Mark Carney and German Minister for Economic Affairs and Energy Katherina Reiche. The memorandum establishes commercial terms for a significant portion of Troilus' concentrate to be delivered to the Hamburg-based copper smelter and recycler.

The deal advances from indicative offtake terms announced in June 2025 and runs parallel with Troilus' debt financing package of up to $700 million announced in March 2025. Ocean Partners USA Inc. is serving as Troilus' independent advisor for concentrate offtake strategy, while Auramet International Inc. assists with debt package structuring.

"Signing this agreement with Aurubis during Canada's Critical Minerals Mission to Germany is highly significant for Troilus," said CEO Justin Reid. "It underscores the international importance of our project, strengthens Canada–Europe cooperation on critical minerals, and provides a clear step toward completing the financing required to advance construction."

Canadian Minister of Energy and Natural Resources Tim Hodgson called the partnership "a step forward in advancing the types of diversified trade, secure supply chains, and G7 partnership that will make Canada an energy and critical minerals superpower."

Troilus completed a feasibility study in May 2024 supporting a 22-year, 50,000 tonnes per day open-pit mining operation. The company holds a 435 square kilometer land position in Quebec's Frôtet-Evans Greenstone Belt.

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