On November 7, 2025, Troilus Gold Corp. announced a bought deal public offering of 116,280,000 common shares at $1.29 per share, raising gross proceeds of approximately $150 million. The TSX-listed Canadian development-stage mining company is focused on advancing its Troilus gold and copper project located in Quebec.

The offering was structured with an over-allotment option allowing underwriters to purchase up to an additional 17,442,000 shares. The transaction closed on November 14, 2025, with the over-allotment option exercised in full, bringing total gross proceeds to approximately $172.5 million.

The underwriting syndicate was co-led by Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc., and included BMO Nesbitt Burns Inc., Red Cloud Securities Inc., and Velocity Trade Capital Ltd. The underwriters received a fee of 5% of gross proceeds, except for certain President's List Orders which were subject to a 4% fee. After deducting underwriters' fees and estimated expenses of $753,000, net proceeds to Troilus totaled approximately $163.1 million.

Cassels Brock & Blackwell LLP served as legal counsel to Troilus Gold Corp., while DuMoulin Black LLP advised the underwriters on the transaction.