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Globe and Mail
09-07-2025
- Business
- Globe and Mail
Troilus Appoints Mining Executive Rob Doyle as Strategic Advisor Ahead of Construction Phase
MONTREAL, July 09, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. ('Troilus' or the 'Company') (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce the appointment of Mr. Rob Doyle as Strategic Advisor to the CEO and Chairman, effective August 1, 2025. A highly respected executive in the global mining sector, Mr. Doyle will provide strategic, financial and operational guidance as the copper-gold Troilus Project advances toward construction and long-term production. Mr. Doyle brings more than 25 years of experience in international mining finance, corporate strategy and project development. He is best known as an executive and long-time Chief Financial Officer of Pan American Silver Corp., where over an 18-year tenure he helped grow the company from inception to a multi-billion-dollar producer, building multiple mines and leading numerous large-scale M&A transactions. Most recently, he served as CFO of SilverCrest Metals Inc., acquired by Coeur Mining in a $1.7 billion transaction earlier this year. Earlier in his career, he was the Senior Vice President of Mining Finance and Metals Marketing for Standard Bank, where he structured financing and advisory transactions for mining companies across the Americas. In his advisory role, Mr. Doyle will work closely with the Company's executive and finance teams to help ensure operational readiness, robust internal controls, and disciplined financial strategy as Troilus transitions into its next phase of growth. His mandate includes strategic support on financial governance, project financing, risk management, and systems optimization - all with the goal of ensuring the Company is well-positioned for construction and beyond. Justin Reid, CEO of Troilus, commented, 'Rob's experience speaks for itself - he has been at the helm of some of the most successful mine builds and financings in our industry and his perspective will be invaluable as we finalize our development plans and prepare to execute. Having Rob on board strengthens our internal capacity and sharpens our focus as we aim to build one of the next major Canadian copper-gold producers. We're thrilled to have him join our team at this pivotal time.' Mr. Doyle currently serves as a board member and Audit Chair of several TSX and NYSE-listed mining companies, and was named BC CFO of the Year (Large Public Company) by Business in Vancouver in 2019. He holds a in Finance from the University of Cape Town, is a Chartered Accountant (SA), CFA charterholder, and holds the ICD.D designation from the Institute of Corporate Directors. Troilus is advancing one of Canada's largest undeveloped gold-copper projects in Quebec. With a Feasibility Study completed in 2024 and the Environmental and Social Impact Assessment submitted last month, the Company is targeting a construction decision in 2026. Key project financing milestones are advancing in parallel, including an indicative offtake agreement with leading European smelter, Aurubis, as part of a structured project financing process led by a syndicate of international financial institutions (see press releases from March 13, 2025, June 18, 2025). About Troilus Gold Corp. Troilus Gold Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America. For more information: Caroline Arsenault VP Corporate Communications +1 (647) 276-0050 info@ Cautionary Note Regarding Forward-Looking Statements and Information This press release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact of the appointment on the Company, the likelihood that the Company will be able to negotiate a definitive offtake agreement on the terms and timeline indicated or at all, the likelihood that binding funding commitments will follow on the timeline projected or at all, the likelihood that ECAs will provide financing and guarantees, advancing towards a fully funded construction package, the expected capacity of the Troilus Gold-Copper Project development plans to advance the Troilus project towards construction, the impact of due diligence on structuring a definitive project debt package, the likelihood of structuring a definitive project debt package with financial close on stated timeline or at all, structuring, identifying, and engaging potential financing participants, development plans, opportunity to expand the scale of the project, the project becoming a cornerstone mining project in Noth America; the development potential and timetable of the project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'continue', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'will', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource and reserve estimates; the high degree of uncertainties inherent to feasibility studies and other mining and economic studies which are based to a significant extent on various assumptions; variations in gold prices and other metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; availability of financing for project development; uncertainties and risks with respect to developing mining projects; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the Company's latest Annual Information Form, its technical reports and other continuous disclosure documents of the Company available under the Company's profile at Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Yahoo
07-07-2025
- Business
- Yahoo
Kincora Secures Strategic North American Investors and Announces Private Placement
Kincora intends to raise up to C$4-million at C$0.30 per Unit with a full Warrant One-year hold period on Shares underlying the Units Acceleration trigger for the Warrants Ten (10) for one (1) Consolidation of Securities Cornerstone investments from leading North American natural resource sector investors including Rick Rule and Jeff Phillips Strong support from existing and new investors Proceeds will be used to support ongoing project generation strategy, drilling at 100% owned high-grade gold-base metals Condobolin project and working capital Incentive stock options awarded Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Copper-gold explorer and project generator Kincora Copper Limited (TSXV: KCC) (ASX: KCC) ("Kincora" or "the Company") is pleased to announce that it proposes to undertake a non-brokered private placement (the "Offering") at C$0.30 per unit (the "Units") to raise up to C$4,000,000. All prices and share numbers in this release assume completion of a 10:1 consolidation ("Consolidation") prior to or concurrent with the Offering. The Offering is subject to the TSX Venture Exchange (the "Exchange") acceptance and approvals required under the Australian Securities Exchange ("ASX") Listing Rules, as well as other regulatory approvals. Concurrent with, or prior to the Offering, the Company intends to complete a consolidation (the "Consolidation") of the issued and outstanding common shares issued on the Exchange and Chess Depositary Interests ("CDIs") on the ASX on the basis of ten (10) pre-Consolidation shares being consolidated to one (1) post-Consolidation share. Existing options will be consolidated on the same basis. The Consolidation will be subject to approval from the Company's shareholders, the Exchange, and ASX. The Units will comprise one common share (a "Share") and one common share purchase warrant (a "Warrant"), each Warrant entitling the holder to acquire a further common share at a price of C$0.50 for a term of three (3) years. The Shares will be subject to a one (1) year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. Fifteen (15) months after the closing date, the Company will have the right to accelerate the expiry date of the Warrants (the "Acceleration") if the weighted average closing price of the Company's common shares on the Exchange equals or exceeds C$0.75 (the "Acceleration Price") for 20 consecutive trading days (the "Acceleration Event"). Upon the occurrence of the Acceleration Event, the expiry date of the Warrants will then be 30 days from the date of issue of a news release announcing the Acceleration. "This relatively unique financing structure puts Kincora in a strong position to leverage and accelerate our strategy of more drilling, more asset level deals, more management fees and discoveries," Cameron McRae, Chairman of Kincora, and Sam Spring, President and CEO. "We're especially pleased to have this strategy endorsed and financing supported by a number of leading North American natural resource sector investors, including Rick Rule and Jeff Phillips, and other new and existing respected institutional and accredited investors." The Company plans to use the net proceeds to fund its ongoing project generation strategy, undertake significant drilling at its 100% owned gold-base metals Condobolin project, as well as for general working capital and corporate purposes. The Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Exchange and shareholder approvals required by the ASX. In the event the Company completes the Consolidation at a ratio other than the 10:1 ratio referenced above, certain provisions of the Offering will be adjusted accordingly, including the price per Unit, the Warrant exercise price and the Acceleration Price. Completion of the Consolidation will be subject to regulatory and shareholder approval. All Warrants underlying the Units will be subject to a four (4) month plus one day hold period and Shares underlying the Units will be subject to a one (1) year hold period from closing. A portion of the Offering is expected to include a related party transaction within the meaning of Multilateral Instrument 61-101 given the expected participation of one or potentially more existing insiders. The Company is relying on the exemptions in sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 from the valuation and shareholder approval requirements based on the fact that the fair market value of the transactions (as it concerns related parties) is not more than 25% of the market capitalization of the Company. The Company may pay finders' fees in connection with the Offering in accordance with the policies of the Exchange. The Company also announces that, effective July 7, 2025, (the "Grant Date"), its Board of Directors has granted an aggregate of 3,266,927 stock options (on a post-Consolidation basis) of the Company to certain directors, officers, and consultants of the Company, with all of such stock options (the "Conditional Options") being subject to the receipt of the applicable approval of the disinterested shareholders of the Company, acceptance of the Exchange and approvals required under the ASX Listing Rules. All such stock options shall be exercisable to purchase one common share in the capital of the Company at $0.50 per Share (on a post-Consolidation basis) for a period of three (3) years from the Grant Date and such other terms as may be acceptable to the Exchange. The Conditional Options, together with an amended equity incentive plan that will sufficiently increase the reserve of stock options available to the Company, will be presented to the disinterested shareholders of the Company for review and consideration and, if satisfactory, approval at an upcoming Annual General and Special Meeting of Shareholders of the Company. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Kincora Copper Kincora Copper Limited (ASX: KCC) (TSXV: KCC) is an emerging Australia-focussed copper-gold explorer and project generator. The Company is now successfully proving up the prospectivity of its extensive project portfolio, which includes multiple district-scale landholdings and scalable drill ready targets. These assets are located in Australia's Macquarie Arc and Mongolia's Southern Gobi, two of the globe's leading porphyry belts, and the historical Condobolin mining field within the southern section of the Cobar superbasin in New South Wales, Australia. Kincora is using an asset level partner model to develop and implement exploration strategies for its wholly-owned large-scale exploration stage porphyry projects. It has already unlocked over $110 million of potential partner funding for multiple earlier stage and/or non-core porphyry projects, which has resulted in over A$5.5-million of partner funding and 11,000m of drilling to date. Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated within existing porphyry camps containing over 20 million ounce gold equivalent resource inventory at third party mines and deposits. These partner agreements, when combined with others in the pipeline, are targeted to provide sufficient project management fees for the Company to be self-funding (covering corporate costs and maintenance of remaining wholly owned projects). Kincora is adopting a different exploration funding model for its Condobolin project, which hosts the historical Condobolin open cut gold and base metals mining field located within the southern section of the emerging Cobar Superbasin. The length of time and capital required to both advance and add significant value to this project is expected to be materially less than that needed to similarly progress the Company's porphyry projects. To learn more, please visit: This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763) For further information please contact: Sam Spring, President and Chief Executive or +61431 329 345 Executive office400 - 837 West Hastings StreetVancouver, BC V6C 3N6, CanadaTel: 1-604-630-7296 Subsidiary office AustraliaC/- JM Corporate ServicesLevel 6, 350 Collins StreetMelbourne, VIC, Australia 3000 Forward-Looking Statements Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: Rick Rule and Jeff Phillips' participation in the Offering; the intended use of proceeds of the Offering; the completion of the Offering; the amount raised under the Offering; the completion of the Consolidation; the Consolidation ratio; adjustment of the price per Unit; Warrant exercise price and Acceleration Price due to the Consolidation; shareholder and regulatory approval of the Consolidation; Exchange acceptance and approvals required under the ASX Listing Rules of the Offering; the acceleration of the Company's strategy as a result of the financing structure; the Company's capitalization post-Offering, amongst other potential items. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Readers are cautioned not to place undue reliance on forward-looking information and statements. Forward-looking information involves numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other items: market volatility; the state of the financial markets for the Company's securities; fluctuations in commodity prices and investor sentiment; changes in the Company's business plans; and, operating environments. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include: market prices; exploitation and exploration results; participation in the Offering; shareholder and regulatory approval of the Consolidation; regulatory approval of the Offering; continued availability of capital and financing and general economic; market or business conditions; and, investor sentiment. Accordingly, readers should not place undue reliance on forward-looking information and statements. Readers are cautioned that reliance on such information and statements may not be appropriate for other purposes. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release. THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
Seabridge Gold Commences 2025 Drill Program at Iskut Project, Targets Maiden Resource at Snip North
Seabridge Gold Inc. (NYSE:SA) is one of the best Canadian stocks with huge upside potential. On June 3, Seabridge Gold announced the commencement of its 2025 drill program at the Iskut Project, which is located in the Golden Triangle of northwest British Columbia, about 30 kilometers by air from its KSM gold-copper district. The program's primary focus is to delineate the copper-gold porphyry mineralization discovered during the 2024 program. The 2025 season's program is fully funded with a budget of $13.4 million and will utilize 3 helicopter-portable drill rigs. The main objective is to complete at least 8,000 meters of core drilling to advance the Snip North discovery towards a maiden resource estimation. A closeup view of a large gold mine, illustrating the company's gold properties. Additionally, the program will evaluate other targets, such as the potential intrusive source of the copper-gold porphyry for the anticipated maiden resource. Seabridge is also targeting the source intrusion for this prospective resource, which is expected to be rooted in a district-scale structural trend known as the Bronson Trend. The trend contains newly recognized additional porphyry targets and connects the Quartz Rise, Bronson Slope, and Snip North occurrences, with high-level expressions of copper-gold porphyry systems along its corridor. Seabridge Gold Inc. (NYSE:SA) acquires and explores gold properties in North America. It explores for gold, copper, silver, and molybdenum deposits. It holds a 100% interest in several North American gold projects. While we acknowledge the potential of SA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Arab News
25-06-2025
- Business
- Arab News
Barrick, Komatsu sign $440 million equipment deal for Pakistan's Reko Diq copper-gold mine
ISLAMABAD: Barrick Gold Corporation and Japan's Komatsu have finalized a $440 million agreement to supply mining equipment to Pakistan's Reko Diq copper-gold project, with Komatsu also announcing plans to establish a local subsidiary to support operations, the company said on Wednesday. Reko Diq is one of the world's largest undeveloped copper and gold deposits, located in Pakistan's mineral-rich Balochistan province near the volatile border with Iran and Afghanistan. The site is expected to play a key role in boosting Pakistan's exports, attracting foreign investment, and supporting the country's long-term energy and industrial needs through its vast copper reserves, which are critical for the global energy transition. Reko Diq is jointly owned by Barrick (50 percent), Pakistan's federal government (25 percent), and the Balochistan provincial government (25 percent). Construction is scheduled to begin in 2025, with first production targeted for 2028. 'The Reko Diq project represents a long-term investment in our future and that of mining in Pakistan, and our partnership with Komatsu is an important part of that vision,' Mark Bristow, President and CEO of Barrick, was quoted as saying in the Komatsu statement. 'Komatsu equipment has proven its performance and reliability at our operations worldwide.' Komatsu said the five-year deal marked its first major equipment placement in Pakistan and a deepening partnership with Barrick. To support the deployment, Komatsu will establish Komatsu Pakistan Mining (SMC-Private) Limited, a dedicated entity for technical services and equipment support at Reko Diq. The firm also plans additional investment in its regional headquarters in Dubai to manage an expanded footprint in the region. The deal includes the delivery of ultra-class mining equipment manufactured in the United States and Europe, including Komatsu 980E-5 haul trucks from Illinois, P&H electric rope shovels from Wisconsin, PC7000-11 excavators from Germany, and WE2350-2 electric wheel loaders from Texas. 'The scale and complexity of this project demands proven, high-performance equipment,' said Peter Salditt, President of Komatsu's Mining Business Division. 'We are confident our ultra-class haul trucks, electric rope shovels, and other mining machines will meet the challenge.' Komatsu said the partnership builds on previous equipment deployments at Barrick's Lumwana mine in Zambia and its Nevada Gold Mines joint venture in the United States. The two companies signed a global framework agreement in October 2023 to strengthen cooperation across multiple sites.
Yahoo
23-06-2025
- Business
- Yahoo
Tana secures option for British Columbia copper-gold project
Eagle Plains Resources has granted Tana Resources, a Canadian private mining exploration company, an exclusive option to acquire up to a 75% interest in its Mount Polly West copper-gold project in British Columbia's Cariboo region. The project spans 7,407 hectares (ha) and is adjacent to Imperial Metals' Mount Polley property. Both companies' management teams see the project's potential for copper-gold porphyry and epithermal gold mineralisation. Historical trenching at the site has yielded positive results, including 1.12% copper over 35m, with a high-grade section of 7.12% copper over 5m. Previous explorations have identified multiple mineralised intrusions and geophysical and geochemical anomalies that suggest the presence of additional prospective intrusions. Eagle Plains' exploration efforts have also discovered basal till gold grain counts, indicating potential proximal sources. To exercise the option, Tana must make cash payments, share issuances and fund exploration expenditures. The agreement is divided into two phases, with the first option allowing Tana to acquire a 60% interest by paying C$250,000 ($182,836), issuing 2.75 million common shares and funding C$3m in exploration over four years. The second option enables Tana to acquire an additional 15% interest by completing a bankable feasibility study by 31 December 2031. Tana CEO Vic Koraijan said: "We are excited to add the Mount Polley West project to the Tana portfolio and work with the Eagle Plains, one of the top project generators.' If Tana exercises either option, Eagle Plains will receive a 2% smelter return royalty on part of the property, with a buyback option for half the royalty. Eagle Plains will act as the operator and may use TerraLogic Exploration as a geoscience consultant. Upon exercising the options, Tana and Eagle Plains will form a joint venture (JV) to continue exploring and developing the property. Eagle Plains CEO and president Chuck Downie said: "Grass roots fieldwork by Eagle Plains and past operators at MPW has identified many of the geological indicators associated with porphyry and epithermal mineralising systems and we look forward to working with the Tana team to advance the project.' "Tana secures option for British Columbia copper-gold project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
