{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Troilus Mining (TSX:TLG) - One of Canada’s Largest Mines Nearing Build Phase","html":"","width":"100%","height":180,"duration":1916,"description":"Interview with Justin Reid, CEO of Troilus Mining Corp. Our previous interview: https://www.cruxinvestor.com/posts/troilus-gold-tsxtlg-build-team-arrives-to-prepare-for-production-7076Recording date: 31st March 2026Troilus Mining Corp. is one of the most advanced development-stage copper-gold companies in Canada, and it is approaching the finish line on the work required to make a construction decision on its central Quebec project. For investors assessing the risk-reward profile of the company today, the picture is materially different from where it stood twelve or even six months ago.The engineering work is substantially complete. Basic engineering, a phase costing approximately $15 million and involving 100,000 man-hours, has been finished, producing a control budget with plus-or-minus 10% variance. Detailed engineering is now underway at an $80 million budget scope, with over 100 engineers working full-time. The company expects to be near 100% detailed engineering complete by the time construction begins, which is an unusually high level of execution certainty for a project of this scale and complexity.The financing structure is almost entirely in place. A $1 billion USD debt facility has been assembled through eleven institutional counterparties, backstopped by European export credit agencies, a structure that provides both competitive pricing and flexibility. Due diligence is substantially complete. A $172.5 million equity raise, completed without warrants, is in the bank and funding all current activity. The final element is a streaming arrangement, which CEO Justin Reid has described as imminent and increasingly favourable in its terms given current commodity prices.The permitting process is orderly and on track. The Environmental and Social Impact Assessment was submitted to federal regulators in mid-2024. The first round of questions has been answered and resubmitted. Because Troilus's engineering is so far advanced, the company can respond to technical...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}