Troy Minerals Set to Accelerate Silica Exploration Following Canadian Recognition

Troy Minerals Inc. has announced the formal recognition of silica as a critical mineral by the Government of Canada. This decision reinforces Troy’s strategic focus on high-purity silica projects and solidifies its position in the critical minerals sector. The acquisition of CBGB Ventures Corp., which has interests in the Table Mountain Silica Project in British Columbia and the Tsagaan Zalaa Silica Project in Mongolia, places Troy in an advantageous position.

Rana Vig, CEO of Troy Minerals, highlighted the significance of silica in modern technology and green energy solutions. He expressed optimism that the company's forthcoming acquisition would allow them to capitalize on this development effectively.

Following the successful acquisition of CBGB and exploration at Table Mountain, Troy aims to become a leader in high-purity quartz silica in Canada. The market for this mineral is projected to reach $30 billion by 2030, driven by its applications in photovoltaics, solar panels, semiconductors, and batteries.

To accelerate its projects, Troy is launching a non-brokered private placement offering valued at up to $2 million. The proceeds will advance the company's projects and support working capital, marketing, and general corporate purposes.

Troy has also hired Lakefront Enterprises Inc. to manage a 30-day digital marketing campaign aimed at increasing corporate awareness.