Troy Minerals Inc.
TROY.CN
Canadian Securities Exchange0.15
CAD
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Troy Minerals Inc.
TROY.CN
(Canadian Securities Exchange)
Recent
price
0.15
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Troy Minerals Inc. is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of strategically located critical mineral assets. The company specializes in projects within the silica (silicon), vanadium, titanium, rare earth elements, and scandium industries. Troy's main products and services encompass exploration and development of mineral projects including high-purity silica (HPQ) deposits, vanadium and titanium ores, and rare earth elements. Its key assets include the Table Mountain Silica project in British Columbia, Canada; the Tsagaan Zalaa Silica project in Dornogovi Province, Mongolia; the Lake Owen Vanadium and Titanium project in Wyoming, USA; and the Lac Jaques Rare Earth Elements project in Quebec, Canada. The company also holds the Green Gold Property near Prince George, British Columbia, and the 100% owned Lake Owen project comprising 100 unpatented mining claims. Founded in 2018 and headquartered in Vancouver, Canada, Troy Minerals focuses on regions with high demand for critical minerals in North America and Central-East Asia, targeting near-term production to become a cash-flowing mining producer. The company recently completed the acquisition of CBGB Ventures Corp in 2024, securing 100% ownership of the Table Mountain Silica project and the right to acquire up to an 80% interest in the Tsagaan Zalaa Silica project, significantly enhancing its portfolio of critical mineral assets. Troy Minerals is advancing the Tsagaan Zalaa project toward obtaining an Operating Mining Permit expected by late 2025 or early 2026, with several critical permitting milestones underway including environmental impact assessments and local government agreements. The company has also initiated metallurgical sampling and off-take discussions with potential partners in Central and East Asia, aiming to position itself as a leader in the critical minerals market. Additionally, Troy submitted a drilling permit application for the Table Mountain Silica project to support aggressive exploration and development plans. Troy Minerals engages specialists such as Mine Plus Group for expertise across the mining lifecycle, from exploration to operations, ensuring structured project development. The company's strategic focus on critical minerals essential for renewable energy, semiconductor, and advanced manufacturing sectors aligns with growing global demand and government initiatives, including significant investments in North America for silica applications. Troy Minerals maintains a strong emphasis on shareholder value creation, community engagement, and non-dilutive funding options to support its growth and operational goals across its diversified multi-regional asset portfolio.