Troilus Announces Enhanced Renewable Energy Capacity at the Troilus Site
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) has announced the installation of a new solar and wind energy generation system at its Troilus site. The system, developed in collaboration with Tugliq Energie Co., includes 500 solar panels capable of generating up to 222.5 kWp and a wind turbine generating up to 15kWp. This installation will supplement the existing 50MW substation connected to the Hydro-Quebec grid and provide backup power.
The company aims to develop a mix of sustainable energy solutions as it prepares for a potential mine restart. Troilus is also collecting wind data to explore future wind farm development. The new system is expected to reduce reliance on diesel generators, which doubled Scope 1 GHG emissions and increased energy costs by 33% during the 2023 forest fires.
Troilus is currently the largest permitting stage copper project in Quebec, with projected average production of 17.3 million pounds of copper annually over a 22-year mine life, aligning with Quebec's priority on battery metal production for energy transition.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) ha annunciato l'installazione di un nuovo sistema di generazione di energia solare e eolica presso il suo sito Troilus. Il sistema, sviluppato in collaborazione con Tugliq Energie Co., include 500 pannelli solari in grado di generare fino a 222,5 kWp e una turbina eolica con una capacità di 15 kWp. Questa installazione integrerà la sottostazione esistente da 50MW collegata alla rete di Hydro-Quebec e fornirà energia di emergenza.
La società mira a sviluppare un mix di soluzioni energetiche sostenibili mentre si prepara per un possibile riavvio della miniera. Troilus sta anche raccogliendo dati sul vento per esplorare futuri sviluppi di parchi eolici. Si prevede che il nuovo sistema riduca la dipendenza dai generatori diesel, che hanno raddoppiato le emissioni di gas serra di Scopo 1 e aumentato i costi energetici del 33% durante gli incendi forestali del 2023.
Troilus è attualmente il più grande progetto di rame in fase di permesso in Quebec, con una produzione media prevista di 17,3 milioni di libbre di rame all'anno nel corso di una vita mineraria di 22 anni, in linea con le priorità del Quebec sulla produzione di metalli per batterie per la transizione energetica.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) ha anunciado la instalación de un nuevo sistema de generación de energía solar y eólica en su sitio de Troilus. El sistema, desarrollado en colaboración con Tugliq Energie Co., incluye 500 paneles solares que pueden generar hasta 222.5 kWp y una capaz de generar hasta 15 kWp. Esta instalación complementará la subestación existente de 50MW conectada a la red de Hydro-Quebec y proporcionará energía de respaldo.
La empresa tiene como objetivo desarrollar un mix de soluciones energéticas sostenibles mientras se prepara para un posible reinicio de la mina. Troilus también está recopilando datos sobre el viento para explorar el desarrollo futuro de parques eólicos. Se espera que el nuevo sistema reduzca la dependencia de generadores diésel, que duplicaron las emisiones de GHG de Alcance 1 y aumentaron los costos de energía en un 33% durante los incendios forestales de 2023.
Troilus es actualmente el proyecto de cobre en fase de permiso más grande en Quebec, con una producción promedio proyectada de 17.3 millones de libras de cobre anualmente durante una vida útil de la mina de 22 años, alineándose con la prioridad de Quebec en la producción de metales para baterías para la transición energética.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF)는 Troilus 사이트에 새로운 태양광 및 풍력 에너지 생성 시스템을 설치했다고 발표했습니다. 이 시스템은 Tugliq Energie Co.와 협력하여 개발되었으며, 500개의 태양광 패널로 최대 222.5 kWp를 생성할 수 있고, 풍력 터빈은 최대 15kWp를 생성할 수 있습니다. 이 설치는 Hydro-Quebec 전력망에 연결된 기존 50MW 변전소를 보완하고 비상 전력을 제공합니다.
회사는 잠재적인 광산 재가동을 준비하면서 지속 가능한 에너지 솔루션의 믹스를 개발하는 것을 목표로 하고 있습니다. Troilus는 또한 미래의 풍력 발전소 개발을 탐색하기 위해 풍력 데이터를 수집하고 있습니다. 새로운 시스템은 2023년 산불 동안 Scope 1 GHG 배출량을 두 배로 늘리고 에너지 비용을 33% 증가시킨 디젤 발전기 의존도를 줄일 것으로 예상됩니다.
현재 Troilus는 퀘벡에서 가장 큰 허가 진행 중인 구리 프로젝트로, 22년의 광산 수명 동안 연평균 1,730만 파운드의 구리를 생산할 것으로 예상되며, 에너지 전환을 위한 배터리 금속 생산에 대한 퀘벡의 우선 사항과 일치합니다.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) a annoncé l'installation d'un nouveau système de production d'énergie solaire et éolienne sur son site de Troilus. Ce système, développé en collaboration avec Tugliq Energie Co., comprend 500 panneaux solaires capables de générer jusqu'à 222,5 kWp et une turbine éolienne générant jusqu'à 15 kWp. Cette installation complétera la sous-station existante de 50 MW connectée au réseau d'Hydro-Québec et fournira de l'énergie de secours.
L'entreprise vise à développer un mélange de solutions énergétiques durables tout en se préparant à un éventuel redémarrage de la mine. Troilus collecte également des données sur le vent pour explorer le développement futur de parcs éoliens. Le nouveau système devrait réduire la dépendance aux générateurs diesel, qui ont doublé les émissions de GES de Scope 1 et augmenté les coûts énergétiques de 33 % lors des incendies forestiers de 2023.
Troilus est actuellement le plus grand projet de cuivre en phase d'autorisation au Québec, avec une production annuelle moyenne projetée de 17,3 millions de livres de cuivre sur une durée de vie de mine de 22 ans, ce qui correspond aux priorités du Québec concernant la production de métaux pour batteries pour la transition énergétique.
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) hat die Installation eines neuen Solar- und Windenergiesystems an seinem Troilus-Standort angekündigt. Das System, das in Zusammenarbeit mit Tugliq Energie Co. entwickelt wurde, umfasst 500 Solarpanels, die bis zu 222,5 kWp erzeugen können, und eine Windturbine, die bis zu 15 kWp erzeugt. Diese Installation wird die bestehende 50-MW-Umspannstation ergänzen, die an das Hydro-Quebec-Netz angeschlossen ist, und Notstrom liefern.
Das Unternehmen hat sich zum Ziel gesetzt, ein Gemisch nachhaltiger Energielösungen zu entwickeln, während es sich auf einen möglichen Neustart der Mine vorbereitet. Troilus sammelt auch Winddaten, um die zukünftige Entwicklung von Windparks zu erkunden. Es wird erwartet, dass das neue System die Abhängigkeit von Dieselgeneratoren reduziert, die die Scope-1-Treibhausgasemissionen verdoppelt und die Energiekosten während der Waldbrände 2023 um 33 % erhöht hat.
Troilus ist derzeit das größte Genehmigungsprojekt für Kupfer in Quebec mit einer prognostizierten durchschnittlichen Produktion von 17,3 Millionen Pfund Kupfer jährlich über eine Lebensdauer der Mine von 22 Jahren, was mit Quebécs Priorität für die Produktion von Batteriemetallen für den Energiewandel übereinstimmt.
- Installation of a new solar and wind energy generation system, enhancing renewable energy capacity
- Potential for future wind farm development to contribute significantly to energy needs
- Reduction in reliance on diesel generators, potentially lowering operational costs and emissions
- Largest permitting stage copper project in Quebec, with significant projected copper production
- Doubled Scope 1 GHG emissions and 33% increase in energy costs during 2023 due to reliance on diesel generators
MONTREAL, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) is pleased to announce the installation of an alternative solar and wind energy generation system at the Troilus site, in collaboration with Tugliq Energie Co., a Montreal-based provider of sustainable energy solutions for remote locations.
The new system consists of 500 solar panels capable of generating up to 222.5 kWp, a wind turbine capable of generating up to 15kWp, and a fully integrated and containerized control room. The electricity generated from solar and wind will supplement the existing connection to the renewable energy delivered to the Troilus site through the Hydro-Quebec grid and provide a backup source of energy in instances when the connection to the grid is compromised.
Justin Reid, CEO and Director of Troilus Gold, commented, “Troilus already benefits from a 50MW substation connected to the Hydro-Quebec grid which supplies sustainable, renewable energy through 107km of 161 kVA dedicated transmission lines. However, as we prepare for the potential restart of the Troilus mine and our anticipated electricity demands, it is our intention to explore and develop a mix of sustainable energy solutions to supplement hydroelectric power. In collaboration with Tugliq, this new installation not only provides us with an on-site source of supplementary and back up electricity but will provide important data to help us develop a reliable, sustainable and cost-efficient mix of energy as we work towards developing a carbon neutral future at Troilus.”
Tugliq delivered the plug-and-play system to Troilus earlier this month in three containers. Staff at site, assisted by workers from the Cree Nation of Mistissini and a supervisor from Tugliq, installed the anchors for the solar panels, erected the wind turbine and connected the system to the Troilus camp. The modular design is suitable for harsh climates and allows for quick deployment and scalability to meet future energy needs.
Additionally, Troilus and Tugliq have installed wind monitoring devices at the Troilus site to collect data on frequency and intensity of wind over the next 12 months. This data will help Troilus identify suitable locations for potential wind farm development. Initial surveys suggest that locations around the Troilus mine site could be capable of harnessing enough wind power to not only significantly contribute to Troilus’ future energy needs, but also become a supplier to the Hydro-Quebec grid.
Daniel Bergeron, VP Special Projects, added, “Troilus previously relied on diesel generators as the primary backup power source. Last year’s forest fires that damaged transmission lines throughout the region highlighted the need for localized alternative energy sources, as our reliance on diesel doubled our Scope 1 GHG emissions in 2023 and increased our energy costs by
While the primary mineral to be mined in the future will be gold (5.4 million ounces of gold over a 22 year mine life), Troilus is currently the largest permitting stage copper project in Quebec and the third largest undeveloped copper project in the province, with projected average production of 17.3 million pounds of copper annually or 381.8 million pounds of copper over an expected 22 year life of mine (Technical Report titled “NI 43-101 Feasibility Study: Troilus Gold – Copper Project Québec Canada” dated June 28, 2024, with an effective date of May 14, 2024). As such, in addition to developing strategies and solutions for a renewable and sustainable energy supply mix, Troilus’ expected copper output aligns with the Province of Quebec’s priority on the production of battery metals that are integral to the energy transition.
Figure 1. 500 solar panels have been installed, which will be connected to the Troilus camp to provide supplementary and back-up power.
https://www.globenewswire.com/NewsRoom/AttachmentNg/83914265-bede-49ae-b811-843c1f1c897c
Qualified Person
The technical and scientific information contained in this press release has been reviewed and approved by Kyle Frank, P.Geo., VP Exploration for Troilus Gold, who is a Qualified Person as defined by NI 43-101. Mr. Frank is an employee of Troilus and is not independent of the Company under NI 43-101.
About Troilus Gold Corp.
Troilus Gold Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a large-scale 22-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.
About Tugliq Energie Co.
Tugliq Energie Co. is a specialized Independent Power Producer dedicated to delivering cost-effective renewable energy and energy storage solutions. With a focus on remote regions and islanded microgrids, Tugliq aims to reduce reliance on fossil fuels, thereby decreasing carbon footprints while enhancing regional benefits. Guided by its mission to provide reliable and sustainable energy alternatives, Tugliq integrates innovative technologies to replace diesel and heavy fuel oil, ensuring cleaner air and water quality for all. Committed to sustainability, community engagement, and performance, Tugliq's vision is to pave the way toward
For more information:
Caroline Arsenault
VP Corporate Communications
+1 (647) 407-7123
info@troilusgold.com
Cautionary Note Regarding Forward-Looking Statements and Information
This press release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the impact of the installation of the alternative solar and wind energy generation system on the Company, the impact of the restatement and refiling of Q3 financials and MD&A on the Company, various project economics, financial and operational parameters such as the timing and amount of future production from the Project, expectations with respect to the IRR, NPV, payback and costs of the Project, anticipated mining and processing methods of the Project; proposed infrastructures, anticipated mine life of the Project, expected recoveries and grades, timing of future studies including the environmental assessments (including the timing of an environmental impact study) and development plans, opportunity to expand the scale of the project, the project becoming a cornerstone mining project in Noth America; the development potential and timetable of the project; the estimation of mineral resources and reserves; realization of mineral resource and reserve estimates; the timing and amount of estimated future exploration; costs of future activities; capital and operating expenditures; success of exploration activities; the anticipated ability of investors to continue benefiting from the Company’s low discovery costs, technical expertise and support from local communities, the timing and amount of estimated future exploration; and the anticipated results of the Company’s 2024 drill program and their possible impact on the potential size of the mineral resource estimate. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performances or achievements of Troilus to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Troilus will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, currency fluctuations, the global economic climate, dilution, share price volatility and competition. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Troilus to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: there being no assurance that the exploration program or programs of the Company will result in expanded mineral resources; risks and uncertainties inherent to mineral resource and reserve estimates; the high degree of uncertainties inherent to feasibility studies and other mining and economic studies which are based to a significant extent on various assumptions; variations in gold prices and other metals, exchange rate fluctuations; variations in cost of supplies and labour; receipt of necessary approvals; availability of financing for project development; uncertainties and risks with respect to developing mining projects; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry, including without limitation, risks and uncertainties discussed in the Company’s latest Annual Information Form, its technical reports and other continuous disclosure documents of the Company available under the Company’s profile at www.sedarplus.ca. Although Troilus has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Troilus does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
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