TROY MINERALS INC - TROYF STOCK NEWS

Troy Minerals Inc. (CSE:TROY)(OTCQB:TROYF) has announced arrangements to address challenges in delivering shareholder meeting materials due to the ongoing Canada Post strike. The company's annual general meeting is scheduled for December 31, 2024, but the postal strike may prevent timely delivery of Meeting Materials to shareholders.

To ensure shareholder participation, the Meeting Materials have been made available on the company's website and SEDAR+ profile. Shareholders can still vote either directly by proxy (registered shareholders) or through intermediaries (unregistered shareholders). The company will provide free email copies of Meeting Materials upon request. The proxy voting deadline is set for 10:30 a.m. (Pacific time) on December 27, 2024.

Troy Minerals has completed a high-resolution LiDAR survey at its Table Mountain Silica Project near Golden, British Columbia. The survey covered 1.3 square kilometres of the primary target zone, where previous sampling indicated potential for high-purity silica mineralization. The company has also submitted 201 quartzite silica samples to ALS Geochemistry, including 131 grab samples and 70 channel samples from 67.12 metres of continuous channeling across 5 channels within the LiDAR survey area. The detailed topographic data will support geological interpretation and future resource modeling, marking a significant step in evaluating the project's potential in the North American high-purity silica market.

Troy Minerals Inc. (CSE:TROY)(OTCQB:TROYF) announces key leadership changes as part of its transition from exploration to cash flow production. Yannis Tsitos, a 35-year mining industry veteran and former BHP executive, has been appointed as President, while Rana Vig continues as CEO. Tsitos brings extensive experience from working in 32 countries, including Mongolia, and has been instrumental in over 50 exploration and mining agreements. The company also engaged Hillside Media & Consulting for a 30-day digital marketing campaign at $20,000 to increase corporate awareness.

Troy Minerals announces the restart of drilling at its Tsagaan Zalaa Silica Project in Mongolia, targeting completion of a minimum 1,000-meter drill program by year-end 2024. This milestone is important for the mining license submission. The project, located near the Mongolian-Chinese border, features outcropping or sub-outcropping silica mineralization, enabling shallow drilling campaigns. Environmental studies, including archaeological and paleontological assessments, were completed in October 2024. The company aims to transition to production in 2025, positioning itself to serve Asia's growing high-purity silica market for green technology and high-tech industries.

Troy Minerals has completed its initial exploration program at the Table Mountain Silica Project near Golden, B.C. The company conducted a comprehensive surface sampling program targeting high-purity silica mineralization in the Mount Wilson Formation quartzite units. Samples have been sent to ALS Laboratories in North Vancouver for analysis of silica content and other constituents.

The Table Mountain Silica Project spans 1,698 hectares with up to 10 kilometers of mapped strike length and surface widths ranging from 300 to 1,400 metres. The property benefits from year-round access and proximity to the Canadian Pacific Railway Golden Rail Yard.

Troy Minerals has signed a definitive agreement with CBGB Ventures Corp. to acquire 100% of CBGB's shares in consideration for 3,244,151 Troy common shares and 9,732,454 special warrants. CBGB holds the Table Mountain Silica Project in British Columbia and will gain up to 80% equity in Grand Samsara Development 's Tsagaan Zalaa Silica Project in Mongolia. Special Warrants will convert into shares upon achieving specific milestones. The transaction requires CBGB shareholder approval and completion of due diligence. The common shares will be subject to resale restrictions from six months to three years.

Troy Minerals has completed a soil sampling program on its REE Lac Jacques project in Quebec. The sampling extended the surveyed area from the Western Grid toward the Eastern Grid. A total of 312 B-soil samples were collected and are now submitted for analysis at ACT Labs. The results are expected to help define drill targets for the upcoming summer drill program in 2024, which plans to include eight holes totaling 3200 meters. Chief Geologist William Cronk emphasized the importance of these results in verifying the REE system's potential. CEO Rana Vig highlighted the increasing global demand for rare earth elements and the strategic importance of stable supply chains, noting recent actions by the Canadian government. The project is located 250 km north of Montreal and has undergone initial surveys and a 4-hole drill program in 2023.

Troy Minerals has announced its congratulations to Homerun Resources for developing a femtosecond thermal laser processing method that achieves 99.999% purity in raw silica sand. This breakthrough, achieved in collaboration with the University of California, Davis, marks a significant advancement in the field of critical and energy materials. The new method is environmentally friendly, avoiding the use of hazardous chemicals and energy-intensive machinery. Applications for this high-purity silica include semiconductor chip substrates, electronic and photonic chips, battery anodes, and solar cells. Troy Minerals' President and CEO, Rana Vig, highlighted the importance of such innovations in driving industry progress.

Troy Minerals has announced the recognition of silica as a critical mineral by the Canadian government, strengthening its position in the critical minerals sector. The company is set to acquire CBGB Ventures, which manages two high-purity silica projects: Table Mountain in Canada and Tsagaan Zalaa in Mongolia. With silica's importance in modern tech and green energy, Troy aims to lead in the $30 billion high-purity quartz silica market by 2030.

To expedite project advancement, Troy plans to raise $3 million through non-brokered private placements. A $2 million offering includes 8 million units at $0.25 each, with attached warrants, while a $1 million flow-through unit offering includes 3.57 million units at $0.28 each. Closing is contingent on regulatory approvals.

Troy also engaged Lakefront Enterprises for a 30-day digital marketing campaign, costing $50,000, to boost corporate visibility.