Troilus Gold Corp Secures Significant Loan Facility

MONTREAL, May 15, 2025 — Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R), a development-stage mining company based in Toronto, Canada, has announced the successful securing of a substantial loan agreement. The company has entered into a loan agreement with Auramet International, Inc., for a principal amount of up to US$35 million, approximately CDN$49 million. This non-dilutive facility is designed to bolster Troilus’ pre-development activities.

The loan will support a range of near-term development activities, including final permitting, early works preparation, and progression toward full project financing. This strategic financial move is expected to enhance Troilus’ financial flexibility, allowing the company to advance its projects at a lower cost of capital compared to other available alternatives.

Justin Reid, CEO of Troilus, highlighted the significance of this development, noting that the loan complements Troilus’s already strong balance sheet. Additionally, the company anticipates an inflow from more than $16 million of in-the-money warrants, further strengthening its financial position.

Troilus Gold Corp. specializes in providing uranium, copper, coal, and gold exploration services across Canada. As of May 14, 2025, the company’s close price was CAD 0.62, with a 52-week high of 0.67 and a low of 0.25. The company’s market capitalization stands at approximately CAD 214.37 million, with a price-to-earnings ratio of -6.76.

This financial development marks a significant step for Troilus as it continues to advance its exploration and development activities within the metals and mining sector.