06/23/2026
Troilus Advances Procurement and Detailed Engineering as Project Ex*****on Readiness Builds
MONTREAL, June 23, 2026 (GLOBE NEWSWIRE) -- Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5) (“Troilus” or the “Company”), is pleased to provide an update on engineering, procurement and site readiness activities supporting continued ex*****on planning at its wholly owned copper-gold Troilus Project (the “Project”) located in north-central Québec.
Following the completion of Basic Engineering announced on March 24 2026, Troilus has moved into the next phase of project ex*****on planning, with Detailed Engineering now fully mobilized and procurement activities advancing across the Project. Current work is focused on translating engineering definition into vendor selection, equipment specifications, 3D modelling, site infrastructure planning and future construction sequencing.
Project Ex*****on Progress Highlights
• Detailed Engineering fully mobilized across process plant, infrastructure, site layout, 3D modelling and procurement support.
• More than 40 bid packages have been issued for tender or are under technical and commercial evaluation, covering major process equipment, infrastructure, site services and enabling works.
• Initial enabling infrastructure selections made for key water treatment and site support systems.
• Major process equipment package progressing through final selection, representing an important upcoming milestone for Detailed Engineering and construction planning.
• Geotechnical field drilling program completed, supporting foundation design, site layout, infrastructure planning and earthworks.
• Independent third-party reviews of process plant design, Basic Engineering assumptions and capital cost methodology completed, with no material issues identified.
Justin Reid, Chief Executive Officer of Troilus, commented, “Since completing Basic Engineering earlier this year, Troilus has continued to build momentum across the next phase of project development. Detailed Engineering is now fully mobilized, and our team is advancing the technical and commercial work required to support key equipment, infrastructure and construction planning decisions. For a large-scale 50,000 tonne-per-day operation, this early work is critical to maintaining schedule discipline, strengthening cost certainty and ensuring that major equipment decisions are properly integrated into final engineering and ex*****on planning. The progress we are making reflects the strength and focus of our team, and our disciplined approach to reducing ex*****on risk ahead of a formal construction decision.”
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