Press release: Aurubis AG signs Memorandum of Agreement for offtaking Troilus Gold for copper concentrate
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Aurubis AG signs Memorandum of Agreement for offtaking Troilus Gold for copper concentrate
- Approx. 75,000 metric tonnes of copper-gold concentrate p.a. expected: Offtake agreement builds on the positive feasibility results of the Troilus Project
- Concentrate deliveries are planned to begin following the completion of the Troilus Mine construction and financing package
- CEO Dr. Toralf Haag: “This partnership with Troilus Gold is an important step in reinforcing our international raw material sourcing strategy. With high-quality copper concentrates from Canada, we are enhancing the resilience and competitiveness of our portfolio.”
Hamburg, August 26, 2025 – Aurubis AG, a leading global provider of non-ferrous metals and one of the world’s largest copper recyclers, announced the signing of a Memorandum of Agreement with Troilus Gold Corp. today for the offtake of copper concentrate from the Troilus Project in Quebec, Canada.
The agreement was signed in Berlin during the official visit of The Right Honourable Mark Carney, Prime Minister of Canada, The Honourable Tim Hodgson, Canadian Minister of Energy and Natural Resources, and The Honourable Mélanie Joly, Canadian Minister of Innovation, Science and Industry, as well as Dr. Katherina Reiche, German Minister for Economic Affairs and Energy.
The agreement secures long-term access to high-quality copper concentrates and further strengthens Aurubis’ global raw material portfolio. Concentrate deliveries are expected to begin following the completion of the Troilus Mine construction and financing package, which is anticipated to include support from the German government’s untied loan guarantee (UFK) program, structured by KfW IPEX-Bank together with Euler Hermes.
Dr. Toralf Haag, CEO of Aurubis AG, commented: “This partnership with Troilus Gold is an important step in reinforcing our international raw material sourcing strategy. With high-quality copper concentrates from Canada, we are enhancing the resilience and competitiveness of our portfolio while building a long-term, reliable partnership.”
The offtake agreement builds on the positive feasibility results of the Troilus Project, which is expected to produce approximately 75,000 metric tonnes of copper-gold concentrate annually.
Aurubis is strongly committed to sustainability: The company’s copper cathodes already have only about half of the CO₂ footprint compared to the global industry average, making Aurubis a frontrunner in environmentally friendly and resource-efficient copper production.
Aurubis AG
Tore Prang Vice President Corporate Communications & External Affairs Mobile: +49 176 178 421 65
Christoph Tesch Head of Corporate Communication Phone:+49 40 7883 2178 Mobile: +49 172 438 238 8
Meino Hauschildt Senior Manager Corporate Communication Spokesperson Phone: +49 40 7883 3037 Mobile: +49 172 3290 621