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Justin Reid

CEO & Director | Troilus Gold Corp | Advanced-Stage Gold-Copper Developer in Quebec

"Leading the Troilus Gold-Copper Project through feasibility, permitting, and infrastructure development in Quebec"

Mining Executive

Biography

Justin Reid is the Chief Executive Officer of Troilus Gold Corp, a company advancing the former Troilus mine site in Quebec toward a restart as a multi-million-ounce gold and copper producer. For resource investors, Reid represents a case study in moving a past-producing asset through the modern development cycle — from exploration and resource expansion to feasibility, permitting, and project financing.

The Troilus project is one of the larger undeveloped gold-copper assets in North America, located in the Frôtet-Evans Greenstone Belt in north-central Quebec. Under Reid's leadership, Troilus Gold has grown the project's resource base, completed a feasibility study, and advanced environmental and permitting processes. In 2025–2026, the company secured a 70 MW hydroelectric power allocation from Hydro-Québec, a critical infrastructure milestone that positions the project to operate with low-carbon electricity. The project was also selected for Quebec's Filon Initiative, a government program designed to streamline permitting timelines for strategic mining projects.

Reid's approach centers on de-risking a mining project methodically — resource definition, infrastructure access, environmental studies, and government partnerships — before construction decisions. His focus on securing clean energy (hydroelectric power) for the Troilus project reflects an awareness that ESG (Environmental, Social, and Governance) factors increasingly determine which mines get built and financed. Investors watching Reid can observe how a CEO navigates the intersection of geology, jurisdictional advantage, and energy policy.

Prior to Troilus, Reid built experience across mining finance and company building. He holds an MBA from Oxford and has worked in mining investment banking, giving him fluency in both the technical and capital markets sides of resource development. Investors evaluating management teams for gold-copper projects in tier-one jurisdictions like Quebec can use Reid's progress at Troilus as a benchmark for what disciplined project advancement looks like.

Videos (1)

Troilus Mining – Detailed Engineering, Hydro Power Secured, Filon Initiative Expedites Permitting

Troilus Mining – Detailed Engineering, Hydro Power Secured, Filon Initiative Expedites Permitting

guest Jul 28, 2026
  • Top takeaway He argues Troilus is on the edge of full financing and construction: the $1.2 billion in debt mandates head to credit committee, a royalty or streaming deal is nearly negotiated, and the construction gate opens early next year.
  • He calls secured power the worry that kept him up at night — 'if you don't have power, you don't have the mine' — and says the 70 MW hydro allocation removes it and satisfies a final lender box.
  • He argues permitting is now a matter of 'how soon,' not 'if,' pointing to the Filon fast-track naming and smooth federal and provincial reviews of the ESIA.
  • His exploration thesis is that the deposit keeps improving: drilling turns previously barren modelled ground into ore, the strip ratio is falling on tested sections, and the September 43-101 should show more ounces at higher grades.
  • On timing, he says 'if you love gold six months ago, I think you have to love it even more right now' and promises a heavy news run into the Denver Gold Show and Beaver Creek.

Troilus has 70 megawatts of hydroelectric power secured at 3.2 cents per kilowatt-hour, which the CEO calls the project's make-or-break de-risking milestone. Quebec selected the project for its Filon program, providing a dedicated coordinator to expedite permitting while federal and provincial reviews stay on track. A $1.2 billion debt mandate is nearing final credit committee approval, with royalty and streaming offers in final negotiation to complete the financing package. Near-mine drilling is turning previously barren waste into ore, cutting the strip ratio (waste moved per ton of ore) about 25% on one section. A revised 43-101 (the formal resource and reserve statement) is due in September, with reserves, grades, and strip ratio all expected to improve.

Showing 1–1 of 1 videos

Key Quotes

"We are honoured to be among the first entities selected for this initiative, which underscores the strategic importance of the Troilus Project for Quebec."

— Press release on Troilus being selected for Quebec's Filon Initiative, July 2026

"As we reflect on 2025, it is clear that the Troilus Team achieved major technical, regulatory, organizational, and financing milestones required to advance the Project into its next phase of development"

— 2025 year-end review

Key Works

Definitive feasibility study outlining the economics of restarting the Troilus mine as a multi-million-ounce gold-copper operation

Secured power allocation from Hydro-Québec, a key infrastructure and ESG milestone for project development

Troilus selected by Quebec government for streamlined permitting program for strategic mining projects

Troilus Feasibility Study - 22-year Mine Plan (2024)

Outlined 50,000 tpd open-pit gold-copper operation with $1.07B initial capital cost

Specializations

GoldCopperPermittingProject DevelopmentMining FinanceQuebec JurisdictionESGMine DevelopmentProject FinancingQuebec MiningLarge-Scale Mining Projects

Disclaimer: Justin Reid has NOT endorsed this platform and is not affiliated with Pixys in any way.