en.Wedoany.com Reported - Recently, Canadian mining development company Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5) announced that the Government of Quebec has approved its full 70-megawatt power allocation application for the Troilus copper-gold project (Troilus Project). The power will be supplied by Hydro-Québec to support the construction and operation of the mine. This milestone marks a significant derisking step as the project advances simultaneously in permitting, engineering design, and financing, signaling that this project in north-central Quebec is about to enter substantial development.
Troilus Mining Corp., formerly known as Troilus Gold Corp. and renamed in December 2025, is headquartered in Montreal, Canada. It is a Canadian mining company focused on the development stage, committed to responsibly advancing the Troilus mine into production. The Troilus mine is located in the Frôtet-Evans Greenstone Belt, a premier mining jurisdiction in Quebec, covering an area of 435 square kilometers. The mine was previously operated by Inmet Mining from 1996 to 2010, producing a total of 2 million ounces of gold and nearly 70,000 tonnes of copper. The company's current CEO is Justin Reid, who founded the company in 1985.
According to the Feasibility Study completed in May 2024, the Troilus project has a 22-year mine life, with an average annual production of 303,000 gold equivalent ounces (AuEq) and a peak annual production of 536,400 gold equivalent ounces. The project has a daily ore processing capacity of 50,000 tonnes. In terms of copper equivalent (CuEq), the average annual production is equivalent to 135.4 million pounds (approximately 61,500 tonnes) of copper equivalent. As the largest copper project currently in the permitting stage in Quebec and one of Canada's largest undeveloped gold mines, the project is expected to create approximately 1,000 direct jobs during construction and over 680 permanent positions during operations.
The power infrastructure connecting the Troilus mine site is already in place, including a 107-kilometer, 161 kV high-voltage transmission line that has been connected to the mine's substation. Founded in 1944, Hydro-Québec is Canada's largest electricity producer and one of the world's largest hydroelectric power producers, operating approximately 60 hydroelectric stations. Its electricity is nearly 100% hydroelectric, with extremely low greenhouse gas emissions. Connecting to this low-carbon grid will provide critical support for the Troilus project's long-term emission reduction goals and offer reliable, competitively priced renewable electricity.
Justin Reid, CEO of Troilus Mining, commented that receiving this confirmation from Hydro-Québec and Quebec's Ministry of Economy, Innovation and Energy is a significant milestone for the Troilus project, effectively advancing the project's overall development readiness. He noted that securing a reliable power supply is a key component of responsible mine development, and this approval reflects the advanced stage and broader strategic importance of the Troilus project within Quebec's industrial and critical minerals landscape, reducing the project's risk as it moves into the next development phase. Reid believes that Troilus has the potential to become a long-life mine in Quebec, with the capacity to generate substantial economic benefits, support local copper supply, and promote the long-term development of the northern region.
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