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Troilus and Aurubis Sign Memorandum of Agreement for Long-Term Copper-Gold Concentrate Offtake at Berlin Critical Minerals Mission
MONTREAL, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the &#...
About this update from Troilus Mining Corp
[{"type":"text","content":"Troilus and Aurubis Sign Memorandum of Agreement for Long-Term Copper-Gold Concentrate Offtake at Berlin Critical Minerals Mission\n\n\n\n MONTREAL, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”) (\n \n TSX: TLG; OTCQX: CHXMF; FSE: CM5R\n \n ) is pleased to announce the signing of a Memorandum of Agreement (“MoA”) with Aurubis AG (“Aurubis”), a leading global copper smelter and recycler headquartered in Hamburg, Germany, for the long-term offtake of copper-gold concentrate from the Company’s Troilus Project in north-central Québec, Canada. This MoA builds on the indicative offtake terms announced on\n \n June 18, 2025\n \n , advancing Troilus’ partnership with Aurubis to a more formal stage. The agreement establishes the framework for long-term concentrate supply and strengthens alignment between the two companies as Troilus advances toward project financing and development.\n \n\n The MoA was executed today during the Government of Canada’s Critical Minerals Mission to Germany, attended by the Right Honourable Mark Carney, Prime Minister of Canada, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, and the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Québec Regions, together with German Minister for Economic Affairs and Energy, Dr. Katherina Reiche, and a select group of Canadian and German mineral resource and energy companies (see\n \n August 25, 2025\n \n , press release).\n \n\n The MoA establishes commercial terms for a significant portion of Troilus’ concentrate to be delivered to Aurubis and is advancing in parallel with the Company’s broader debt financing package of up to US$700 million, announced on\n \n March 13, 2025\n \n .\n \n\n Justin Reid, CEO of Troilus Gold, commented, “Signing this agreement with Aurubis during Canada’s Critical Minerals Mission to Germany is highly significant for Troilus. 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. We are proud to be developing a project that will deliver benefits in Qu&...