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Troilus Mining Corp. plans to issue $300-$400 million in subordinated debt to support its gold and copper project in Quebec, following $1 billion already secured from KfW, Societe Generale SA, Export Development Canada, and others. This new financing will increase total raised funds for the project to around $1.5 billion.

Troilus recently sold C$173 million in shares and has witnessed its stock value increase over fivefold in the past year. The project benefits from a rising metals market, with gold and copper reaching record prices. The Quebec government has also approved an electricity deal with Troilus.