Troy Minerals Strengthens Leadership Team
Troy Minerals Strengthens Leadership Team
November 7, 2024 – V ancouver, B.C., Troy Minerals Inc. (“Troy” or the “Company”)
(CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that following up
on its aggressive plans to transition from an exploration company to a cash flow
producing company by rapidly advancing its silica projects in North America and
Mongolia, it has appointed, Y annis Tsitos, a professional with 35 years’ international
exploration / mining experience and former BHP veteran, as President of the Company.
Rana Vig, who to date has served both as President and CEO, owning more than 11%
of the Company, will continue to provide his leadership as Chief Executive Officer.
“Strengthening our management team is a very important step in order to advance our
vision of transitioning Troy Minerals from exploration to production. I’m very excited
to have by my side a seasoned and well-respected Canadian mining veteran who,
without a doubt, will provide tremendous value to both myself and the company,” said
Rana Vig, Chief Executive Officer of Troy Minerals.
“I’m thankful and very pleased to join the team at Troy at such an important period for
transformational corporate milestones and significant growth. I have already been a
good-size shareholder of the Company, as I believe that the critical minerals sector is
now building momentum to meet the exponentially growing global demand. Troy and
its projects are strategically located close to infrastructure in both Asia and North
America and our management should continue working, efficiently and effectively,
towards their development in order to become part of this exciting roadmap.” said
Y annis Tsitos, the Company’s newly appointed President.
Mr. Tsitos has over 35 years of experience in the mining industry, having spent 19 of
those years with the BHP Billiton group. In his time in the industry, he has worked
projects in 32 countries inclusive of Mongolia, has lived and worked in South Africa,
Ecuador, Greece and United Kingdom, and has been working in Canada since 2000.
Originally a physicist-geophysicist, he left BHP in 2008, where he had the title of New
Business Manager for Global Minerals Exploration. He has been instrumental in the
identification, negotiation and execution of more than 50 exploration, joint venture,
royalty, mining and commodity trading agreements over 11 different commodities with
juniors, majors, as well as with state exploration and mining companies. He was the
President of Goldsource Mines till its recent acquisition (July 2024) by the precious
metals’ producer, Mako Mining. Mr. Tsitos sits on several companies’ boards as an
Independent Director, has published articles in exploration and mining magazines on
relevant topics and has been a strong advocate of anti-corruption policies in the mining
industry.
Mr. Tsitos has also been part of two discovery teams with BHP Billiton in porphyry-
copper and nickel-sulphide deposits. He holds a B.Sc. degree in Physics from the
University of Athens and a master's degree in Applied Geophysics and Geology from
the University of Birmingham, UK. In addition, he completed management and finance
studies as part of an MBA program with Herriot Watt University, Edinburgh.
MARKETING AGREEMENT
The Company also announces that it has engaged Hillside Media & Consulting Inc.,
(“Hillside”) located at 474 Main Street, Penticton, B.C. V2A 5C5 (email:
[email protected]) to provide digital marketing services, including
SEO (search engine optimization), PPC (pay per click), e-mail, Y ouTube, and social
media channels, to increase corporate awareness. The media disseminated will be
generated using publicly available information. The company will pay Hillside a cash
fee of $20,000 plus applicable taxes for se rvices expected to last for a period of
approximately 30 days. The company will not issue any securities to Hillside as
compensation for its marketing services. As of the date hereof, to the company's
knowledge, Hillside (including its directors and officers) does not own any securities
of the company and has an arm's-length relationship with the company.
ON BEHALF OF THE BOARD
Rana Vig | CEO & Director
604-218-4766
ABOUT TROY MINERALS INC.
Troy Minerals is a Canadian based publicly listed mining company focused on building
shareholder value through acquisition, exploration, and development of strategically
located “critical" mineral assets. Troy is aggressively advancing its projects within the
silica (silicon), vanadium and rare earths industries within regions that exhibit high and
growing demand for such commodities, in both North America and Central-East Asia.
The Company’s primary objective is the near-term prospect of production with a vision
of becoming a cash-flowing mining company to ultimately deliver tangible monetary
value to shareholders, state, and local communities.
Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain
statements that may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address events or developments
that Troy Resources Inc. (the "Company") expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not historical facts and
are generally, but not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or
that events or conditions "will", "would", "may", "could" or "should" occur. Although
the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the forward -
looking statements. Factors that could cause the actual results to differ materially from
those in forward-looking statements include results of exploration activities may not
show quality and quantity necessary for further exploration or future exploitation of
minerals deposits, volatility of commodity prices, and continued availability of capital
and financing, permitting and other approvals, and general economic, market or
business conditions. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as required by applicable
securities laws, the Company undertakes no obligation to update these forward -
looking statements in the event that management's beliefs, estimates or opinions, or
other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not
accept responsibility for the adequacy or accuracy of this news release.