11:38 AM EDT, 10/15/2025 (MT Newswires) -- Troilus Gold ( CHXMF ) said Wednesday that basic engineering of the Troilus copper-gold project in Quebec surpassed 85% completion.

Major deliverables including capital cost estimates, vendor evaluations and project execution plans are now well advanced, supporting a targeted construction decision in 2026, the company said.

Troilus' engineering partner, BBA, led basic and detailed engineering works at the project.

"Surpassing 85% completion of basic engineering marks an important step toward construction readiness and reflects the steady derisking of the Troilus project," chief executive officer Justin Reid said. "We remain on track to complete basic engineering before year-end."

Troilus' share price gained 6.3% Wednesday to hit a near 52-week high of $1.60 on the Toronto Stock Exchange.

Price: 1.60, Change: +0.10, Percent Change: +6.33