Troilus and Aurubis Sign Memorandum of Agreement for Long-Term Copper-Gold Concentrate Offtake at Berlin Critical Minerals Mission

Executive Summary

• Troilus Gold Corp. signed a Memorandum of Agreement with Aurubis AG for the long‑term offtake of copper‑gold concentrate from the Troilus Project in Québec.
• The MoA builds on earlier indicative terms and is aligned with Troilus’s up‑to US$700 million debt financing program announced March 13, 2025.
• The agreement was executed during Canada’s Critical Minerals Mission to Germany, underscoring its strategic importance for Canadian‑European critical mineral supply chains.

Key Details

• Parties: Troilus Gold Corp. (TSX: TLG) and Aurubis AG, a global copper smelter and recycler based in Hamburg, Germany.
• Agreement Scope: Long‑term supply of copper‑gold concentrate from the Troilus Project; commercial terms cover a “significant portion” of future production.
• Strategic Context: MoA follows indicative off‑take terms announced 18 June 2025 and is intended to support Troilus’s project financing and construction timeline.
• Financing Linkage: The MoA proceeds in parallel with Troilus’s broader debt financing package of up to US$700 million (announced 13 Mar 2025).
• Government Involvement: Executed during the Government of Canada’s Critical Minerals Mission to Germany, attended by Canadian officials (Mark Carney, Tim Hodgson, Mélanie Joly) and German Minister Dr. Katherina Reiche.
• Advisors: Ocean Partners USA Inc. acted as independent third‑party advisor for the concentrate off‑take strategy; Auramet International Inc. assisted with structuring the debt package.
• Comments:
• Justin Reid, CEO of Troilus Gold, highlighted the agreement’s significance for securing financing and advancing construction.
• Tim Hodgson, Minister of Energy and Natural Resources (Canada), emphasized the partnership’s role in strengthening secure supply chains and Canada‑Europe cooperation on critical minerals.

Notable Quotes

• “Signing this agreement with Aurubis during Canada’s Critical Minerals Mission to Germany is highly significant for Troilus… provides a clear step toward completing the financing required to advance construction.” – Justin Reid, CEO, Troilus Gold
• “The partnership between Troilus and Aurubis marks a step forward in advancing diversified trade, secure supply chains, and G7 partnership…” – Tim Hodgson, Minister of Energy and Natural Resources (Canada)