Troilus Gold (TSE: TLG) (OTCMKTS: CHXMF) filed an environmental and social impact assessment (ESIA) for its Troilus copper-gold project with both the Quebec provincial government and the Federal government in Canada.
In a Thursday press release, Jacqueline Leroux, Troilus’ vice president of environment and permitting called that the ESIA submission a defining moment for the company that reflects the dedication of the company’s team and partners to move the prospect forward in a way that’s responsible, transparent and collaborative.
The submission also marks a major milestone in its development. This submission reflects over five years of baseline studies, technical evaluations, and engagement with Indigenous and local communities. Troilus also stands as one of the largest undeveloped gold and copper projects in North America. Additionally, the ESIA filing moves the project significantly closer to the construction phase.
The ESIA includes results from extensive engagement with the Cree Nation of Mistissini, Oujé-Bougoumou Cree Nation, the Cree Nation Government, and the communities of Chibougamau and Chapais. Their input helped shape both project design and mitigation strategies. Additionally, as a past-producing mine from 1996 to 2010, Troilus benefits from strong legacy data. The project also gains from a high level of regional knowledge about mining operations and their impacts.
Independent studies by Coalia, the National Research Council of Canada, Lamont, and the Minesite Drainage Assessment Group confirm that the project’s waste rock does not generate acid. This finding significantly reduces environmental risk and lowers long-term water treatment needs. BluMetric Environmental and Stantec, two leading environmental and engineering firms, developed the ESIA.
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Project moves to provincial and federal review process
Additionally, the IAAC and Cree Nation Government coordinated a rolling submission model. This approach allowed sections of the ESIA to be submitted before the final report. It enabled regulators to start assessments early and give feedback during drafting. This process should streamline the overall permitting timeline.
With the ESIA filing complete, the project now enters the provincial and federal review process. In Québec, COMEX (the Environmental and Social Impact Review Committee) will evaluate the submission under the James Bay and Northern Québec Agreement. Federally, the IAAC will lead a parallel review, supported by public and Indigenous consultations. Authorities also anticipate final decisions by the end of 2026.
The Troilus Project is positioned to become a major gold and copper producer in North America.
Located in Québec, it benefits from strong infrastructure, including access to power, roads, and a skilled local workforce. The project leverages advanced exploration and mining technologies to optimize resource extraction and reduce environmental impact.
In 2025, Cormark Securities maintained its “Buy” rating on Troilus Gold, reaffirming its positive outlook on the company. This endorsement reflects confidence in Troilus Gold’s strategic positioning, particularly its transition from exploration to development, highlighted by the completion of its Feasibility Study in May 2024 and the submission of its Environmental and Social Impact Assessment (ESIA) in 2025. Analysts anticipate that these developments will support the company’s advancement toward production.
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