Troilus Mining Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5) recently welcomed representatives from the Government of Quebec to its Troilus Copper-Gold Project in north-central Quebec for the official announcement of a 70-megawatt (MW) hydroelectric power allocation to the project. The announcement was made on June 8, 2026, by Bernard Drainville, Minister of Economy, Innovation and Energy, and Kateri Champagne Jourdain, Minister of Natural Resources and Forests, alongside Denis Lamothe, Member of the National Assembly for Ungava.
Government and Community Support
The event brought together officials from Hydro-Quebec, members of the Cree community, regional stakeholders, municipal representatives including Chibougamau Mayor Nichèle Compartino, and media. Ministers Drainville and Champagne Jourdain highlighted the role of projects like Troilus in supporting Quebec's critical minerals strategy, regional economic development, and long-term energy transition objectives amid growing global demand for copper. Mr. Lamothe emphasized the project's importance for Northern Quebec and recognized Troilus' commitment to creating long-term opportunities for regional workers, businesses, and communities.
CEO Remarks
Justin Reid, CEO of Troilus, stated: "It was a pleasure to welcome Minister Drainville, Minister Champagne Jourdain, Mr. Lamothe, representatives from Hydro-Quebec, our Cree partners, regional stakeholders, and members of the media to the Troilus Project for this important announcement. Access to reliable, low-carbon hydroelectric power is fundamental to the responsible development of large-scale mining projects in Northern Quebec. The allocation of 70 MW marks a significant step forward as we continue advancing permitting, engineering, financing, and overall project readiness activities."
Reid also congratulated Hydro-Quebec and the Government of Quebec on the announcement of new training infrastructure in Chibougamau, reflecting a long-term commitment to economic development, workforce development, and sustainable growth in Northern Quebec. He added: "As one of Quebec's largest copper-gold development projects, Troilus has the potential to become an important long-term contributor to the province's economy and critical minerals strategy. We look forward to continuing to build on the strong partnerships that have helped bring the project to this stage."
