08:33 AM EST, 11/19/2025 (MT Newswires) -- Troilus Gold ( CHXMF ) on Wednesday increased its previously announced debt financing mandate to up to US$1 billion from $700 million.

The company said the financing will support the development and construction of the copper-gold Troilus project, located in north-central Quebec, Canada. Auramet International is acting as project finance advisor.

It said that technical, financial, environmental and social due diligence with the MLAs is progressing on schedule and is nearing completion. It expects finalization in the first quarter of 2026, which remains subject to certain approvals and conditions.

Shares of the company closed up 0.8% to $1.28 on Tuesday on the Toronto Stock Exchange.