Troilus Selects Metso for Major Process Equipment as Project Advances Towards Construction

MONTREAL, Aug. 25, 2026 (GLOBE NEWSWIRE) — Troilus Mining Corp. ( TSX: TLG; OTCQX: CHXMF; FSE: CM5 ) (“Troilus” or the “Company”), is pleased to announce the selection of Metso Corporation (“Metso”) for the first phase of major process equipment procurement for the gold-copper Troilus Project in north-central Québec.

Following a comprehensive technical, commercial, commissioning, ramp-up and life-cycle services evaluation, Troilus recently issued Metso a Letter of Award (“LOA”) and Limited Notice to Proceed (“LNTP”). The award covers major equipment packages including the gyratory and cone crushers, the apron and belt feeders, the wet and dry screens, the High Pressure Grinding Rolls (“HPGRs”) and the ball mills.

The LOA and LNTP allow Troilus and Metso to secure key commercial terms, preserve the Project schedule and immediately advance critical detailed engineering activities while definitive equipment supply and service agreements are finalized.

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Metso has already been integrated into Troilus’ Detailed Engineering program, with a series of technical workshops underway to advance equipment interfaces, plant layout, 3D modelling and construction planning.

In parallel, Troilus is initiating a series of Early Contractor Involvement (“ECI”) engagements with specialized contractors, bringing key construction expertise into the Project ahead of execution. This early involvement of key OEMs and contractors is intended to improve constructability, strengthen cost and schedule certainty and reduce execution risk ahead of construction.

Justin Reid, CEO and Director of Troilus, commented, “The selection of Metso for our first major process equipment package is another important step as Troilus advances toward construction. Bringing a globally recognized OEM into the engineering process at this stage helps protect schedule, improve execution certainty and ensure that equipment interfaces are addressed early. Metso’s strong technical offering, combined with its established service capabilities in Québec and across Canada, made it a natural fit for a project of this scale.”

An important consideration in Troilus’ selection process was Metso’s established service presence in Québec and Canada and its ability to provide long-term support for the equipment throughout commissioning, ramp-up and operations.

In parallel with the equipment agreements, Troilus and Metso are negotiating a broader Life Cycle Services (“LCS”) framework.