Quebec has selected the Troilus gold and copper project as an inaugural participant in Filon, the new fast-track permitting program for strategic mines.
Owned by a Toronto based company Troilus Mining Corporation (TSX: TLG, OTCQX: CHXMF)The former mine produced more than two million ounces of gold and about 70,000 tons of copper between 1996 and 2010. The provincial government has supported Troilus’ efforts to restart the process through… 70 MW power allocation from Hydro Quebec And for her Announcement ceremony It was attended by several ministers earlier this year.
A feasibility study completed in May 2024 determined the potential for Troilus to rank among Canada’s largest gold producers, with an average annual production of 303,000 ounces of gold over the mine’s 22-year life.
Simplified review
Kateri Champagne-Jordan, Quebec’s Minister of Natural Resources, said the project will boost the economy and create lasting benefits for northern Quebec. “This will strengthen Quebec’s position as one of the world’s leading mining regions. Through Villon, the company will benefit from specialized support to help develop its project,” she said.
This latest development moves Troilus to a streamlined permit system, with Philon designed to coordinate provincial and federal environmental assessments. Projects are assigned to specialized experts who guide companies through administrative processes, identify bottlenecks and communicate with government ministries.
Justin Reed, CEO of Troilus, said the company is honored to be among the first Philon projects. He added that Troilus is in a position to support Quebec’s critical minerals strategy, welcoming efforts to simplify permits without compromising accuracy or transparency.
with Environmental and social impact assessment (An Environmental and Social Impact Assessment (ESIA) is under review at both the provincial and federal levels. Troilus expects permitting decisions by the end of 2026. The company says engineering and project financing are progressing at the same time, putting it in a position to make a formal construction decision as early as 2027, pending approvals.
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