Aurubis–Troilus copper offtake agreement secures long-term Quebec concentrate supply

Aurubis

Aurubis–Troilus copper offtake agreement locks in a long-term stream of Quebec copper-gold concentrate. The Aurubis–Troilus copper offtake agreement will supply about 75,000 wet metric tonnes each year. As a result, the Aurubis–Troilus copper offtake agreement underpins smelter feed while advancing Troilus’ project finance.

Offtake terms link Berlin and Quebec’s next copper project

Aurubis signed a multi-year deal for ~75,000 wmt/yr of copper-gold concentrate. Deliveries will start after mine construction and financing close. The agreement was inked in Berlin during Canada’s prime ministerial visit. Therefore, the contract aligns strategic industry ties between Germany and Canada.

Financing pathway leverages German guarantees and lenders

Troilus targets a debt package of up to $700mn for project build-out. The plan includes KfW IPEX-Bank and Euler Hermes untied loan guarantees. Consequently, the offtake strengthens bankability by securing a committed buyer. Aurubis benefits from diversified feed and low-risk concentrate sourcing in the Atlantic basin.

The project will deliver concentrate from Quebec’s established mining corridor. Logistics should favor reliable shipments into European smelters. Meanwhile, the deal supports European supply security for energy-transition metals. Copper demand from grids, EVs and data centers continues to expand.

The Metalnomist Commentary

This offtake is classic “pre-FID de-risking.” A top-tier smelter anchor improves debt terms and schedule confidence. Watch final concentrate specs, penalty elements and shipping terms, which will shape realized economics.