Troilus Mining Corp. Transitions to New Name
MONTRÉAL, -- Troilus Mining Corp., previously known as Troilus Gold Corp., has successfully completed its name change. This change reflects the company’s strategic focus not only on gold but also on copper and silver production, signaling a new era for the business.
Shareholder Approval Achieved
The transition was overwhelmingly supported by shareholders during its Annual and Special Meeting, which showcased the confidence in the company's direction. This event marks an important milestone as Troilus shifts from exploration to bringing its Troilus Project into development and production.
Trading Updates and Company Symbol
Following the completion of necessary filings, Troilus Mining Corp. will commence trading under its new name on the Toronto Stock Exchange. The trading is expected to begin, thus maintaining the established symbol, 'TLG', providing continuity and stability for investors.
Appointment of New Auditors
At the same meeting, shareholders also approved Deloitte LLP to continue as the company’s auditors. The vote reflected strong stakeholder support, with over 55% of shares represented.
Insights into the Board Elections
During the meeting, various nominees were elected to the Board of Directors, proving again the shareholders' commitment to leadership continuity. The elected members have demonstrated extensive industry experience which is crucial for advancing Troilus’ ambitious goals.
Directors and Their Approval Votes
Here are some highlights from the Board elections:
- Justin Reid: 98.8% of votes for
- Hon. Pierre Pettigrew: 99.9% of votes for
- Chantal Lavoie: 99.7% of votes for
Future Production Goals at Troilus
Troilus Mining Corp. is situated in Quebec, Canada, within a significant mining jurisdiction. The company aims to kickstart a robust 22-year mining operation planned for its Troilus Project. With a production target of 50,000 tons per day, the project is positioned to make a strong contribution to North America’s mining sector.
Significance of the Project
This project is notable not only for its resource potential but also for its role in supporting local economies and creating jobs. Troilus Mining understands that its efforts contribute to building a sustainable mining sector in Quebec and Canada.
About Troilus Mining Corp.
Troilus Mining Corp. is dedicated to advancing one of the largest gold and copper mining projects in Quebec. The company's location within the Frôtet-Evans Greenstone Belt highlights its strategic advantage in the industry.
Contact Information
For further inquiries, you can reach out to:
Caroline Arsenault
VP of Corporate Communications
+1 (647) 276-0050
info@troilusmining.com
Frequently Asked Questions
What is Troilus Mining Corp. known for?
Troilus Mining Corp. focuses on the development of its Troilus Project, aiming for the production of gold, copper, and silver.
When did Troilus Mining Corp. change its name?
The name change from Troilus Gold Corp. to Troilus Mining Corp. was recently completed after receiving shareholder approval.
What production goals has Troilus Mining set?
Troilus aims to achieve a production target of 50,000 tons per day in a planned 22-year mining operation.
Who were elected to the board of directors?
Board members, including Justin Reid and Hon. Pierre Pettigrew, were elected with significant support during the recent shareholders meeting.
What auditors were appointed for Troilus Mining Corp.?
Deloitte LLP was approved as the auditors for Troilus Mining Corp. for the upcoming year.
