Troilus Mining Plans $300-$400 Million Debt Issuance for Quebec Gold and Copper Project
Troilus Mining Corp. aims to raise $300-$400 million in subordinated debt for its gold and copper project in Quebec, following existing financing of $1 billion from various agencies. This funding will bring total capital raised to approximately $1.5 billion. The company has seen significant stock growth and has entered supply agreements with Aurubis AG and Boliden Commercial AB.
Theia Market Signal Identification - AI Assisted
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.
Comments