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GlobeNewswire·

Troilus Announces Finnvera LOI for Up to Approximately US$132 Million in Potential Export Credit Support Related to Metso Equipment Procurement

  • Troilus Mining Corp. received a non-binding Letter of Interest from Finnvera plc for US$132 million in export credit support.
  • The financing relates to a US$155 million procurement of Metso equipment & services for the Troilus Project in north-central Québec.
  • Finnvera may fund up to 85% of eligible goods & services imported into Canada, potentially covering US$132 million of the transaction.
  • Funding will be provided by an eligible commercial bank with Finnvera support to diversify Troilus' financing framework.
  • This LOI complements a senior secured project financing mandate of up to US$1.2 billion led by Société Générale, KfW IPEX-Bank, & Export Development Canada.
  • Metso was selected on August 25, 2026, to supply crushers, feeders, screens, HPGRs, & ball mills for the first phase of equipment procurement.
  • Metso is currently integrated into Troilus' Detailed Engineering program for technical workshops, plant layout, & construction planning.
  • The Finnvera LOI is non-binding & subject to customary due diligence & final approvals.