The MoU advances the indicative commercial offtake terms previously announced on July 10, 2025 to a more formal stage and establishes a framework for future concentrate deliveries. Boliden operates seven mines and five smelters across Sweden, Finland, Norway, Ireland and Portugal, and is recognized globally for its responsible processing of concentrates.
This Agreement follows the Memorandum of Agreement ("MoA") signed with Aurubis AG in August 2025 and further strengthens Troilus' commercial strategy as the Company progresses Project financing and advances towards construction. Together, these arrangements secure long-term relationships with two of Europe's most established smelting groups and reinforce Troilus' position within evolving critical mineral supply chains.
Justin Reid, CEO of Troilus, commented, "Boliden is a highly respected partner with deep expertise in responsibly processing copper concentrates. Advancing our relationship to this stage reflects growing commercial confidence in the quality, scale and strategic importance of our Project, and reinforces Québec's position as a stable, clean-energy jurisdiction for responsible mineral development. Alongside our agreement with Aurubis, this MoU further underpins our concentrate marketing strategy and aligns with the structures project financing process currently underway."
The agreements with Boliden and with Aurubis establish commercial terms for significant portions of the Project's anticipated concentrate production and form a key component of Troilus' broader financing strategy. These commercial milestones are advancing in parallel with the Company's ...
