09:53 AM EST, 01/07/2025 (MT Newswires) -- Troilus Gold ( CHXMF ) on Tuesday recapped its 2024 milestones and provided an outlook for 2025 in an open letter to shareholders.

The letter, signed by CEO Justin Reid, calls 2024 a defining year for Troilus due to the completion of its feasibility study, project financing achievements, and exploration success.

The company said these milestones have solidified Troilus as one of North America's leading copper-gold development projects.

"In a year where the junior mining sector continued to face challenges, including limited access to capital, Troilus set itself apart," Reid said. "Our ability to remain well-financed and receive in-principle support for over US$1.3 billion from internationally recognized top rated export credit agencies, speaks to the exceptional quality of the Troilus project and its strategic importance on the global stage."

For 2025, Reid said among Troilus' goals is the completion of J4 pit dewatering and initiation of Z87 dewatering, submission of the ESIA and ongoing monitoring of the approval process, and continued community consultations and engagement with Cree Nation and Jamesian communities.

"With these initiatives underway, 2025 is set to be a year of execution and momentum as we continue our journey to becoming a premier North American copper-gold producer," Reid said.

Troilus' share price rose 1.6% at last look to $0.31 on the TSX.

Price: 0.31, Change: +0.01, Percent Change: +1.64