The financing is being led by a syndicate of leading global financial institutions, including Societe Generale, KfW IPEX-Bank, and Export Development Canada ("EDC") (together, the "Mandated Lead Arrangers" or "MLAs"), and is expected to form the cornerstone of the Project's overall financing structure.
The increased mandate underscores the strong alignment between Troilus and its lending partners, supported by the Project's scale, long-life production profile, and growing strategic importance as one of North America's next major copper-gold mines. The structure of the facility is expected to provide a flexible, competitively priced source of capital, with meaningful support from export credit agency partners.
Justin Reid, CEO of Troilus, commented, "The increase of up to US$1.2 billion marks a major milestone as we advance the debt financing along with other components of the project financing package, to position Troilus toward a fully funded construction decision. This expanded mandate reflects the significant progress made by the Company through basic and into detailed engineering, which has provided the lending syndicate with increased confidence as our execution plan becomes more clearly defined. Troilus is also a uniquely flexible asset. We will produce doré on site, while also shipping a precious metal rich copper concentrate to both international and domestic markets. That level of optionality is a real strength of the Project as we move through the final gating items required to advance to construction."
Technical, financial, and environmental and social due diligence with the MLAs is well advanced and progressing toward completion, with finalization of the debt financing package subject to credit approvals, execution of definitive documentation, and satisfaction ...
