Troy Minerals Strengthens Leadership Team

Troy Minerals Strengthens Leadership Team

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce that following up on its aggressive plans to transition from an exploration company to a cash flow producing company by rapidly advancing its silica projects in North America and Mongolia, it has appointed, Yannis Tsitos, a professional with 35 years' international exploration mining experience and former BHP veteran, as President of the Company

Rana Vig, who to date has served both as President and CEO, owning more than 11% of the Company, will continue to provide his leadership as Chief Executive Officer.

"Strengthening our management team is a very important step in order to advance our vision of transitioning Troy Minerals from exploration to production. I'm very excited to have by my side a seasoned and well-respected Canadian mining veteran who, without a doubt, will provide tremendous value to both myself and the company," said Rana Vig, Chief Executive Officer of Troy Minerals.

"I'm thankful and very pleased to join the team at Troy at such an important period for transformational corporate milestones and significant growth. I have already been a good-size shareholder of the Company, as I believe that the critical minerals sector is now building momentum to meet the exponentially growing global demand. Troy and its projects are strategically located close to infrastructure in both Asia and North America and our management should continue working, efficiently and effectively, towards their development in order to become part of this exciting roadmap." said Yannis Tsitos, the Company's newly appointed President.

Mr. Tsitos has over 35 years of experience in the mining industry, having spent 19 of those years with the BHP Billiton group. In his time in the industry, he has worked projects in 32 countries inclusive of Mongolia, has lived and worked in South Africa, Ecuador, Greece and United Kingdom, and has been working in Canada since 2000. Originally a physicist-geophysicist, he left BHP in 2008, where he had the title of New Business Manager for Global Minerals Exploration. He has been instrumental in the identification, negotiation and execution of more than 50 exploration, joint venture, royalty, mining and commodity trading agreements over 11 different commodities with juniors, majors, as well as with state exploration and mining companies. He was the President of Goldsource Mines till its recent acquisition (July 2024) by the precious metals' producer, Mako Mining. Mr. Tsitos sits on several companies' boards as an Independent Director, has published articles in exploration and mining magazines on relevant topics and has been a strong advocate of anti-corruption policies in the mining industry.

Mr. Tsitos has also been part of two discovery teams with BHP Billiton in porphyry-copper and nickel-sulphide deposits. He holds a B.Sc. degree in Physics from the University of Athens and a master's degree in Applied Geophysics and Geology from the University of Birmingham, UK. In addition, he completed management and finance studies as part of an MBA program with Herriot Watt University, Edinburgh.

MARKETING AGREEMENT

The Company also announces that it has engaged Hillside Media & Consulting Inc., ("Hillside") located at 474 Main Street, Penticton, B.C. V2A 5C5 (email: hillsideconsultingmedia@gmail.com) to provide digital marketing services, including SEO (search engine optimization), PPC (pay per click), e-mail, YouTube, and social media channels, to increase corporate awareness. The media disseminated will be generated using publicly available information. The company will pay Hillside a cash fee of $20,000 plus applicable taxes for services expected to last for a period of approximately 30 days. The company will not issue any securities to Hillside as compensation for its marketing services. As of the date hereof, to the company's knowledge, Hillside (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

ON BEHALF OF THE BOARD
Rana Vig | CEO & Director
604-218-4766
rana@ranavig.com

ABOUT Troy Minerals Inc.

Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

Forward-Looking Statements

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE:Troy Minerals Inc.



View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

TROY:CC
Troy Minerals

Troy Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Troy Minerals (CSE:TROY)

Troy Minerals


Keep reading...Show less
Troy Minerals Targets Restart of Drilling at Tsagaan Zalaa

Troy Minerals Targets Restart of Drilling at Tsagaan Zalaa

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce a significant milestone in its ongoing development of the Tsagaan Zalaa Silica Project in Mongolia. With the next phase of drilling now underway, the Company aims to complete the minimum 1,000 meters cumulative drill program, the required threshold for its mining license submission. It should be noted that the silica mineralization at Tsagaan Zalaa is either outcropping or sub-outcropping, resulting is relatively shallow drilling campaigns. The Company expects to complete drilling before year-end, setting the stage for Troy's mining license submission

Located strategically near the Mongolian-Chinese border, the Tsagaan Zalaa Silica Project continues to present robust opportunities for growth in the silica sector, driven by rising demand from green technology and other high-tech industries. The Company remains focused on delivering the necessary operational milestones, aligning with its commitment to achieving first production in the coming year.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Troy Minerals Completes Field Program at Table Mountain Silica Project

Troy Minerals Completes Field Program at Table Mountain Silica Project

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of its initial exploration program at its Table Mountain Silica Project, located 4 kilometers east of Golden, B.C

The Company has completed a comprehensive surface sampling program across the property's Mount Wilson Formation quartzite units, which are known to host high-purity silica mineralization. Multiple samples were collected across the property's extensive strike length, focusing on areas where previous sampling had indicated high-purity quartzite occurrences.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Troy Minerals Re-Establishes Drill Camp at Tsagaan Zalaa Silica Project Preparing for Final Phase of Drilling to Unlock High-Purity Silica Asset

Troy Minerals Re-Establishes Drill Camp at Tsagaan Zalaa Silica Project Preparing for Final Phase of Drilling to Unlock High-Purity Silica Asset

(TheNewswire)

Troy Minerals Inc.

October 23, 2024 Vancouver, B.C. TheNewswire Troy Minerals Inc. ("Troy" or the "Company") (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce the re-establishment of its drill camp at the Tsagaan Zalaa Silica Project in Mongolia. This milestone marks a key step in preparing for the final phase of the Company's 2024 drilling program, as Troy accelerates its efforts to unlock the potential of this high-purity silica asset.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Troy Minerals Restarts Fieldwork at Tsagaan Zalaa Silica Project in Mongolia

Troy Minerals Restarts Fieldwork at Tsagaan Zalaa Silica Project in Mongolia

(TheNewswire)

Troy Minerals Inc.


Renewed Permitting and Drilling Activities Highlight the Project's Potential as a High-Purity Silica Source

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Troy Minerals Initiates Field Program at Table Mountain Silica Project

Troy Minerals Initiates Field Program at Table Mountain Silica Project

(TheNewswire)

Troy Minerals Inc.

Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) i s pleased to announce the commencement of a comprehensive field reconnaissance, mapping, and geochemical sampling program at its Table Mountain Silica Project near Golden, British Columbia.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Forward Water Technologies Corp. Announces Shares for Interest Debt Settlement

Forward Water Technologies Corp. Announces Shares for Interest Debt Settlement

Forward Water Technologies Corp. ("FWTC" or the "Company") (TSXV:FWTC) is pleased to announce that the Company has arranged a shares for debt transaction to settle an aggregate of $9,453.40 in interest accrued up to September 30, 2024 on $300,000 of indebtedness with GreenCentre Canada (the "Indebtedness

The shares for debt settlement is pending final approval from the TSX Venture Exchange (TSXV) which will be followed by the Company issuing 115,285 common shares ("Settlement Shares") at a deemed price of $0.082 per share to GreenCentre Canada. The terms of the Indebtedness permits the issuance of common shares to settle interest owing by the Company at a deemed issue price per share equal to the five day average closing price for the five days preceding the issuance of the shares and subject to TSXV approval pursuant to TSXV Policy 4.3 - Shares for Debt.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Bitcoin Well Achieves Record Active Users and Number of Transactions on the Bitcoin Portal in October

Bitcoin Well Achieves Record Active Users and Number of Transactions on the Bitcoin Portal in October

(TheNewswire)

Bitcoin Well Inc.

Edmonton, Alberta TheNewswire - November 4, 2024 Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence, announces +18% month over month growth in their active user rate, while processing nearly 5,000 revenue generating transactions, the highest number on the Bitcoin Portal in a single month.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Adisyn (AI1:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

Download the PDF here.

Bitcoin Well Infinite Launches OTC Service In Multiple Countries Through A Strategic Partnership

Bitcoin Well Infinite Launches OTC Service In Multiple Countries Through A Strategic Partnership

(TheNewswire)

Bitcoin Well Inc.

New partnership enables Bitcoin Well Infinite to offer White Glove OTC Services to individuals for transactions of $50,000 and higher.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Hit, Split, Stand or Double Down? NorthStar Gaming Unveils its First-Ever Online Blackjack Championship in Ontario

Hit, Split, Stand or Double Down? NorthStar Gaming Unveils its First-Ever Online Blackjack Championship in Ontario

Available exclusively on NorthStar Bets, the NorthStar Blackjack Championship invites players to compete for a $100,000 prize pool

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") is calling all Blackjack players and casino enthusiasts to compete in a $100,000 online Blackjack tournament, the ultimate online competition for Blackjack players. Launching today, the inaugural NorthStar Blackjack Championship runs until November 25, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cypher Metaverse

Cypher Metaverse Inc. Announces Closing of Financing

Cypher Metaverse Inc. ("Cypher" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed its previously announced non-brokered private placement (the "Financing"). The Company raised proceeds on this final tranche of $5,100 through the sale of 60,000 Units.

The Company raised a total of $159,525.20, and issued a total of 1,876,767 Units pursuant to the Financing.

Keep reading...Show less
Troy Minerals

Troy Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×