11:55 AM EDT, 06/10/2025 (MT Newswires) -- (Updates shares.)

Troilus Gold ( CHXMF ) said Tuesday that it advanced engineering work at the Troilus copper-gold project in Quebec.

Troilus and its engineering partner BBA finalized the optimized main process flowsheet on schedule, supporting the company's plan to begin construction in 2026.

The company also said it awarded an engineering, procurement and construction management contract.

"We've made excellent progress in recent months thanks to the strong collaboration between BBA and our internal project team," said chief executive Justin Reid. "Finalizing the flowsheet on schedule marks a major milestone and speaks to the precision and discipline guiding our development approach."

Troilus shares were last seen down $0.03 to $0.68 on the Toronto Stock Exchange.

Price: 0.67, Change: -0.04, Percent Change: -5.63