On November 17, 2022, Troilus Gold Corp. has entered into a definitive agreement to sell 1,824 claims, spanning approximately 985 square kilometers (excluding their Main Mineral Corridor), to a subsidiary of Sayona Mining Limited. These claims include the Tortigny deposit, adjacent to Sayona's existing properties. In return, Troilus will receive 184,331,797 ordinary shares of Sayona at C$0.217 per share, totaling C$40 million. Additionally, Troilus will be granted a 2% net smelter returns royalty (NSR) on all minerals from the sold claims. Sayona also committed to a private placement subscription of around C$4.8 million worth of Troilus' common shares, which will elevate Sayona's stake in Troilus to approximately 9.26%. Justin Reid, CEO of Troilus, expressed enthusiasm about the collaboration, emphasizing that while the sold claims are non-core assets, the 2% NSR ensures continued exposure. Brett Lynch, Sayona Mining's Managing Director and CEO, sees potential synergies between both companies, particularly as they expand the Moblan Project. Benefits for Troilus shareholders include value realization for a non-core land package and potential synergies with Sayona. As per the agreement's terms, Sayona can repurchase the entire NSR for C$20 million prior to commercial production commencement on any transferred claims. The completion of the sale and private placement awaits regulatory approvals. The proceeds will be allocated for Troilus' working capital and corporate needs.