Troy Minerals (CSE:TROY)

Troy Minerals: Targeting Near-term High-purity Silica Production in Mongolia and British Columbia


Troy Minerals (CSE:TROY;OTCQB:TROYF;FSE:VJ3);OTCQB:TROYF;FSE:VJ3), a rapidly emerging player in the critical minerals space, focuses on the development of high-purity silica and other essential materials for the clean energy transition. Troy Minerals has a diverse portfolio designed to capitalize on the increasing demand for raw materials needed in high-growth industries.

The company two high-purity silica projects: Table Mountain in British Columbia and the Tsagaan Zalaa project in Mongolia, both acquired through the strategic purchase of CBGB Ventures in September 2024. The projects are targeted for near term production, with Tsagaan Zalaa targeted to come online in 2025 and Table Mountain in 2026.

Troy Minerals' Tsagaan Zalaa Project in Mongolia

The Tsagaan Zalaa project is near the China-Mongolia border and is a near-term high-purity silica asset envisioned to commence production by 2025. The project’s proximity to key consuming markets, such as China, Japan and Korea, provides significant logistical advantages for the transportation of silica.

Company Highlights

  • Troy Minerals acquired CBGB Ventures in September 2024, securing two flagship high-purity silica projects in British Columbia and Mongolia.
  • The Tsagaan Zalaa project in Mongolia is being targeted to commence high-purity silica production by 2025, thereby positioning the company as a key supplier for solar and semiconductor industries.
  • The Table Mountain project in British Columbia is being targeted to begin high-purity silica production by 2026, with a 24-month development timeline.
  • High-purity silica, similar to the company’s projects, is critical for solar panel production, semiconductors, fiber optics and high-performance glass.
  • The company also maintains an exploration portfolio of critical mineral assets, including vanadium and REE, in tier 1 jurisdictions.

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Troy Minerals (CSE:TROY)

Troy Minerals


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Targeting near-term high-purity silica production in Mongolia and British Columbia and advancing scandium and REE discoveries in Wyoming and Quebec, respectively.

Troy Minerals Announces Completion of $1.2 Million Private Placement

Troy Minerals Announces Completion of $1.2 Million Private Placement

(TheNewswire)

Troy Minerals Inc.

Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that it has completed a private placement financing of 5,000,000 flow-through common shares at a price of $0.24 per share for gross proceeds of $1,200,000 (the " Offering "). Each share will qualify as a "flow-through" share as defined in subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec). Proceeds of the Offering will be used towards advancing the Company's current mineral projects.

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Troy Minerals Announces Private Placement

Troy Minerals Announces Private Placement

(TheNewswire)

Troy Minerals Inc.

TheNewswire - Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) announces a private placement financing of up to 4,166,666 flow-through common shares (the " Shares ") of the Company at a price of $0.24 per Share for gross proceeds of up to $1,000,000 (the " Offering ").

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Troy Minerals Submits Drilling Permit Application for Table Mountain Silica Project, British Columbia

Troy Minerals Submits Drilling Permit Application for Table Mountain Silica Project, British Columbia

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the submission of a drilling permit application for the Table Mountain Silica Project in British Columbia. This key milestone supports Troy's strategic plan to evolve from an exploration-focused company into a revenue-generating mining operation, with production anticipated in the near term

The permit application details a comprehensive drilling program, requesting approval for a program involving up to 34 drill holes in 2025, totaling approximately 1,700 meters of drilling in the first year, and an additional 20 holes planned in subsequent years, bringing the total to approximately 2,700 meters over the proposed five-year period, with provisions for additional exploration activities as needed. This phased approach enables Troy to methodically advance the Table Mountain project, ensuring alignment with both operational goals and market demand.

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Troy Minerals Announces Arrangements to Address Mailing of Shareholders Meeting Materials Resulting From Canada Post Strike

Troy Minerals Announces Arrangements to Address Mailing of Shareholders Meeting Materials Resulting From Canada Post Strike

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is providing an update to its shareholders regarding the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver its meeting materials to shareholders in connection with its upcoming annual general meeting of shareholders scheduled to be held on December 31, 2024 (the "Meeting

Due the postal strike, the Notice of Meeting, Information Circular and related proxy materials (the "Meeting Materials") may not be delivered to shareholders prior to the Meeting in accordance with regulatory requirements. The Meeting Materials have been filed on the Company's website and on the Company's SEDAR+ profile at www.sedarplus.ca. Shareholders will still be able to vote their shares either directly by proxy (for registered shareholders) or indirectly through their intermediary (for unregistered shareholders who hold their shares through brokerage firms or other intermediaries). Instructions respecting voting can be obtained as outlined below.

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Troy Minerals Completes LiDAR Survey at Table Mountain Silica Project, British Columbia

Troy Minerals Completes LiDAR Survey at Table Mountain Silica Project, British Columbia

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of a LiDAR survey at its Table Mountain Silica Project near Golden, British Columbia, Canada

The high-resolution LiDAR survey covered approximately 1.3 square kilometres of the primary target zone, where previous sampling has indicated potential for high-purity silica mineralization. The detailed topographic data will be instrumental in ongoing geological interpretation and future resource modeling.

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Troy Minerals (CSE:TROY)

Troy Minerals Announces Maiden Inferred Resource Estimate for High-Purity Silica at Table Mountain Project, BC

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce the completion of an initial Inferred Mineral Resource Estimate ("MRE") for high-purity silica at its 100%-owned Table Mountain Project, located near Golden, British Columbia, Canada (Figure 1).

Key Highlights:

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Troy Minerals (CSE:TROY)

Troy Minerals Announces Life Offering

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce aprivate placement offering (the "Offering") of a minimum of 10,000,000 units of the Company (each a "Unit") and up to a maximum of 15,000,000 Units at a price of $0.10 per Unit, for gross proceeds of up to $1,500,000.

Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of $0.15 per common share for a period of two years from the date of issuance.

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CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Annual and Special Meeting Results

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Company") is pleased to announce that all resolutions were passed by requisite majority at its annual and special meeting of shareholders held earlier today in virtual format.

The seven incumbent directors, Julian Treger, Raffaele (Lucio) Genovese, Tom Albanese, Margot Naudie, Sharon Fay, Erez Ichilov and Robert Harward were re-elected to the Board by shareholders. The shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and the Company's amended and restated omnibus equity incentive plan.

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CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Announces Initial Closing of Life Offering and Concurrent Private Placement

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (the "Corporation") is pleased to announce that it has completed an initial closing (the "Initial Closing") of its previously announced financing under the Listed Issuer Financing Exemption (as defined below) (the "LIFE Offering") and concurrent private placement (the "Private Placement" and together with the LIFE Offering, the "Offerings") of up to an aggregate of 12,820,512 units (each, a "Unit") at a price of $0.78 per Unit for aggregate gross proceeds of up to $10,000,000 (comprised of $5,000,000 under the LIFE Offering and $5,000,000 under the Private Placement). Each Unit consists of one common share in the capital of the Corporation (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 for a period of 18 months following the issuance of the Units.

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Hempalta Issues Open Call for Strategic Partnerships to Scale Alberta-Based Nature-Based Carbon Program

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based provider of nature-based carbon credit solutions, is pleased to announce an open call for strategic partnerships to support the scale-up of its closed-loop, on-farm carbon removal program — already operating with 13 Alberta farms and over 10,000 acres of regenerative hemp cultivation.

The initiative builds on Hempalta's existing verified success and aims to expand to 25,000 acres in Alberta, delivering high-durability carbon removal credits through the transformation of agricultural waste into biochar — a nature-based climate solution recognized for its permanence and co-benefits to soil health.

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HyProMag USA Receives "Make More in America" Domestic Finance Letter of Interest for up to US$92 Million From US EXIM Bank

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec") and Mkango Resources Ltd. (AIM:MKA)(TSXV:MKA) ("Mkango") are pleased to announce HyProMag USA, LLC, a Delaware corporation ("HyProMag USA" or the "Project") has received a Make More in America (MMIA) domestic finance letter of interest ("LOI") from the U.S. Export-Import ("EXIM") Bank for its first integrated rare earth recycling and magnet making facility in Dallas-Fort Worth, Texas.

In terms of the letter, EXIM may be able to consider potential financing of up to $92 million of the project's costs with a repayment tenor of 10 years.

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Troy Minerals

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