09:33 AM EST - Troilus Gold Corp. : Announced 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, (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 from global export credit agencies 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. Troilus Gold Corp.
shares T.TLG are trading up 3 cents at $0.38.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=TLG%3ACA&qmodStoryID=8179678910217475
