Troy Minerals Submits Mining License Application for Mongolian Silica Project

Troy Minerals Inc. has applied for a mining license for its Tsagaan Zalaa Silica Project in Mongolia. This step marks a significant advancement in transforming the company into a cash-flow generating entity. The project, located 200 kilometers from the Mongolia-China border, is crucial in meeting the growing demand for high-purity quartz silica (HPQ).

President Yannis Tsitos highlights the strategic nature of the project, emphasizing its potential in both the Central-East Asian and North American markets. The project benefits from its proximity to major silica markets and robust infrastructure, alongside a high-quality resource indicating silica purity of up to 99.98%.

Next, Troy plans to finalize an economic assessment, secure financing, and continue talks with potential partners, aiming for production initiation in 2025.