Company: Troy Minerals

Address: 1200 – 750 W Pender Street Vancouver, BC V6C 2T8



ISIN: CA8974711084

Industry: Natural resources

Current exchange rate: between 1,10 € and 3,50 €

Price target: 3,70 € until 30.07.2024

Trading Platforms

Investing involves risk. The value of your investments may go down as well as up and you may get back less than you invested.
Past performance, simulations or forecasts are not a reliable indicator of future results.


Selling Arguments

  • Completely undervalued vanadium explorer
  • Vanadium mineral is of paramount importance for future development of battery and renewable energy technologies
  • First class management board
  • Good cash situation
  • Upward trend of the share with the opportunity for maximum return
  • Excellent news situation
  • Potential world-class deposits
  • Exploration to be accelerated in 2024
  • Takeover rumors
  • Solvent addresses before major acquisition
Troy Minerals announces the closing of an additional $1 million private placement. The proceeds of the placement will be used to advance the Company's current mineral projects in Quebec.
IRW News
The Advisory Board is intended to advise the Board of Directors and the company's senior management in order to drive forward the company's projects and create added value for shareholders.
Boerse Express
Initial exploration work was very successful and defined two large corridors of strong REE mineralization. The Lac Jacques property continues to represent an excellent opportunity for rare earths in one of the best mining regions in the world.
Yahoo Finance


Troy Minerals: 2024 exploration program will trigger quantum leap in corporate development

Now all the dams are breaking: huge upward momentum for an emerging climate grenade! If this mark also falls, only the sky is the limit.

Potential world-class explorer to publish groundbreaking corporate news in the next few days. An immediate entry into this still completely undervalued stock must now be discussed.

DAX, Dow and S&P soon to fall by over 30%? No problem, because this sensational mining stock will make your portfolio inflation-resistant and prevent your portfolio from getting caught up in the expected general downward maelstrom of the stock markets! This stock has the potential to easily eclipse any profit experience you have had with listed stocks so far.

Get in quickly, because this promising predicate stock from Canada is on the verge of a dramatically intensifying rally!

The share has been on a dynamic upward trend for a few months now, which seems to be turning into a scenario of exploding monster momentum. Flanked and supported by a cascade of promising company news, all shorties are now threatened with a mega disaster! Instead of switching to correction mode, the stock market signs are pointing to a breakout! If the resistance level of € 1.10 can be significantly exceeded, the next barrier cluster to be identified is likely to be defined at € 3.50!

A tripling is in the air in late winter because, as a birdie from overseas told me, sensational figures are to be published shortly and a spectacular resource acquisition announced! In addition, financially strong major investors from high finance seem to be lurking on the sidelines just waiting to be able to invest heavily in Troy Minerals on the basis of new announcements – at the latest then there should be no stopping the share price.

The support area of € 0.80/95 provides a close-meshed safety net that will protect the share price from further downside risks in the event of a correction and, for its part, indicates first-class opportunities for additional buying.


Deposit Overview – Troy Minerals

– Location and size: 50 km southwest of Laramie, Wyoming, USA. 91 unpatented vein mining claims/1600 acres (648 hectares).

– Ownership: Option to acquire 100%.

– Target: Proterozoic Lake Owen mafic to ultramafic layered intrusive complex (LOC). The LOC occurs as a steeply dipping, layered intrusion near the margin of the Wyoming Craton (Archean); thick, tabular, magnetite-rich (titano-magnetite) cumulates with accompanying V/Ti and Pt/Pd/Au/Rh-bearing sulphide horizons.

– Mineralization model:

  • Massive to semi-massive titano-magnetite with vanadium + 1% and Ti2O + 1%.
  • PGE-bearing sulphide layers with similarities to Stillwater and Merensky Reef.
  • Basal massive sulphide accumulations similar to those of the Mouat deposit in the Stillwater Complex.
  • Blue sky potential: +1 billion tons of semi-massive to massive titanomagnetite with 1.2-1.45% V2O5 and 1% Ti2O. The tops of the cumulates (reefs) have anomalous PGE + – Au values. Stillwater PGE reef potential. Basal zones offer massive sulphide potential.

– PGE mineralization: Limited drilling (9 holes/1148 metres; average depth 127.4 m) by Chevron shows strong PGE mineralization in several holes with up to 0.9 m averaging 1.93 g/t Pt+Au, including 0.3 m averaging 4.21 g/t Pt+Au. t Pt+Au in hole LAO-1 and 5.5 m averaging 0.45 g/t Pt+Au in hole CLO-14).

– Location and size: The 2,300 hectare property is located 250 km north of Montreal or 3 hours by car, accessible by road and 2 km from hydroelectric power lines.

– Exploration work on the property has included rock sampling on three separate occasions.

– The currently mapped formation being sampled is estimated to have a strike length of 4 km and a width of 25 meters

– A carbonatite deposit that is highly fractionated and has a slight enrichment of rare earths including 500 to 2,000 ppm Nd and 1.06% Prat.

– Located 25 km west of Prince George and easily accessible. Provincial Highway 16, power line, natural gas line and CN rail near the north end of the property. Interior logging roads and clear cuts allow easy access to all parts of the claims.

– Historical work on claims by previous owners (e.g. New Gold) includes 295 km of airborne mag, EM and radiometric surveys and 47 line kilometers of ground-based MAG and 3D IP surveys. Over 1400 soil samples collected and limited drilling.

– The property lies over the northwest trending Pinchi Fault, which hosts several developed targets and mines (current and past producing) regionally. Targets are intrusive (narrow white quartz veins and black quartz in strongly altered feldspar porphyry) and serpentinized quartz-carbonate-mariposite altered ultramafics (listwanite). Potential for skarn mineralization in limestones to the west.

– A five-year, multi-year area-based (MYAB) permit is in place with defined drill targets based on airborne and ground-based conductors, mag anomalies and coincident soil anomalies.

– The 1,065-hectare Ticktock property is located in the productive Golden Triangle region of British Columbia, Canada.

– Drive to the Forrest Kerr hydroelectric plant or the Snip Landing Laydown area 6 km to the south. The property is located 23 km northwest of the historic Eskay Creek Mine and 25 km northeast of the historic Snip Mine and lies between Enduro Metals’ Newmont Lake property and Aben Resources’ Forrest-Kerr property.

– The Ticktock property underlies the Stikine terrane and hosts skarn zones in Devonian marine sediments that contain lenses of massive sulphide and gold-bearing quartz veins. Historic surface sampling on the property highlights the zones for immediate follow-up.

  • Northern Zone: Skarn consists of pyrite, chalcopyrite, arsenopyrite and magnetite within massive sulphide lenses and may host overlapping vein-hosted gold mineralization.
  • Eastern zone with pyrite and malachite in limestone.
  • Southern zone of Devonian volcanic rocks hosting gold-bearing quartz veins and stockworks.

Vanadium | Troy Minerals

Vanadium has a variety of applications, mainly due to its remarkable properties, including its hardness, strength and its ability to take on different oxidation states.

It is therefore used in steel production, for example, to improve the hardness, strength and toughness of steel. Vanadium steel is used in tools, rails, crankshafts, springs and other components that have to withstand high loads.

Vanadium is also used in the chemical industry as a catalyst to accelerate or enable chemical reactions. Other areas of application include aerospace, electronics, glass and ceramic production, corrosion protection and batteries.

If demand increases in even just one of these areas because a new vanadium-based material is developed, the price could rise not just in the short term, but permanently. However, this is only one way to profit from rising vanadium prices.

Batteries: The big opportunity

Vanadium redox flow batteries (VRFBs) are large batteries for storing electricity and are usually built directly adjacent to power plants.

The use of these batteries has been limited in the past, but this has changed dramatically since 2020. Large storage units are suddenly in demand and this could turn the vanadium market upside down.

So far, demand can still be met, but the proportion of vanadium demand accounted for by batteries has multiplied within a few years.

This is because VFRB batteries have a very long service life, often lasting several decades. This is possible due to the chemical design of the batteries, in which the vanadium electrolyte is not degraded. This puts the initially high purchase price into perspective, especially for large systems.

VFRB systems are also easily scalable, as the performance can be adjusted by the size of the electrolyte tank and the number of cells. This makes them ideal for applications with variable power requirements.

In addition, the batteries can be operated until just before they are completely discharged without being damaged. On top of this, VRFB systems are virtually maintenance-free and are considered particularly safe as they do not use any flammable materials or hazardous chemicals and do not exhibit any thermal instability. Demand for VRFBs should therefore increase significantly in the future. This could boost the price of vanadium in the long term and minimize or even completely eliminate dependence on the steel business.

According to Largo Physical Vanadium, vanadium demand is expected to increase by 173% by 2050.


While Germany led the EU in terms of installed capacity, Spain reported the fastest growth and was one of the first EU countries to achieve more than 50% of its electricity supply from alternative energies for the first time in 2023, compared to around 40% in 2022. However, utilities need more and more help to smooth out the power generation from all these new solar and wind farms. A problem already known in Germany as “ghost power”.

Focus Online reported:
“The German government wants four to five new wind turbines to be built in Germany – a day. The problem: when the wind blows, they produce too much electricity and have to be switched off due to a lack of storage and transportation options. The operators receive compensation for this. An absurd system.” Pessimists are therefore already expecting the end of the energy transition, but they fail to recognize two factors:

1. According to IEA estimates, in 2023, with an investment sum of 1.7 trillion euros, more capital will be invested in renewable energies than ever before in history. Investments in renewable energies are 70% higher than in the oil and gas sector:


2 According to estimates by the world’s leading investment banks, these immense investments are likely to increase by a factor of 3 to more than 4.5 trillion euros before 2030. The heads of government from more than 200 countries have decided on this path and paved the way at the COP28 climate summit in Dubai. According to Morgan Stanley and with reference to the International Energy Agency (IEA), the first phase of the “net zero target 2050” will be implemented before 2030 and envisages a tripling of renewable electricity capacities:


According to the Wall Street Journal’s “Barrons Magazine”, the most important investor magazine in the USA:

“Utility-scale batteries, and the demand for them is growing faster than the demand for natural gas production.” Vanadium-vaporized battery technology in particular is at the center of future developments.

To advance the commercialization of this technology, the Pacific Northwest National Laboratory (PNNL), a division of the U.S. Department of Energy, has made its third and final battery technology license available, entering into exclusive partnerships with two companies seeking to bring redox flow technology to market. PV Magazine, a leading industry publication in the U.S., reports, citing Allan Tuan, commercialization manager at the Department of Energy’s PNNL lab:

“This emerging grid-scale storage technology has great commercial and energy security potential. We are eager to work with additional industry partners to bring this technology to market and support the expanded use of renewable energy on the grid.”

The use of vanadium in battery storage systems is on the verge of a breakthrough: redox flow batteries practically all work with the raw material VANADIUM, which is mainly extracted in China and Russia during steel production.


Figure: Project Blue estimates that the battery sector will consume about 5,000 tons of vanadium in 2022, up from 2,900 tons in 2021, with the majority coming from China.

Troy’s Lake Owen project has already been identified by the US government as a “potential source of strategic metals such as vanadium, titanium, PGE metals (platinum, palladium, rhodium…), copper and nickel”.

Bloomberg reports that the US Geological Survey (USGS) – an agency funded by the Department of the Interior to the tune of $1.5 billion annually – is working with project owner and developer Troy Minerals to develop the Lake Owen project:


The aim of this exploration work is to develop the Lake Owen project into a resource that will allow a more accurate assessment of its economic potential. The Lake Owen project – now owned by Troy Minerals – had already undergone the important groundwork many years ago by oil giant Chevron, whose exploration discovered large quantities of vanadium and titanium. According to initial estimates, the Troy Minerals project could potentially be worth billions.


Conquer Your Fears with our Expert Tips

Becoming our member means joining an exclusive community of investors. Schmider Report allows you to stay updated with current trends, gain insights from an experienced investor, and be the first to learn about lucrative investment opportunities

Outlook | Troy Minerals

The company has recently been shining with a flood of positive corporate news. These include the announcement of a private placement, which gives Troy Minerals additional scope to push ahead with its intended and already announced export activities and possible project acquisition plans.

The private placement consisted of 800,000 flow-through units (FT Units) at a price of $1.25 per FT Unit for gross proceeds of $1,000,000. Each whole warrant is exercisable for a period of two years from the date of issuance to acquire one non-transferable common share of the Company at an exercise price of $2.50 per share. The proceeds from the offering will be used primarily to advance the Company’s current mineral projects in Quebec.

In difficult market conditions, over $3.5 million has been raised in recent months, demonstrating management’s ability to convince investors of the quality of the company. The cash position has grown significantly–money reserved specifically for the intensive development of the Quebec assets.

The results of the 2023 soil geochemical survey on the Lac Jacques rare earth element (REE) property were also recently published. The 100% owned Lac Jacques property is located approximately 250 km north of Montreal, Quebec (Canada) and approximately 40 km northeast of the town of St. Anne du Lac.

– 319 soil samples were collected and analyzed.
– All samples taken from the eastern and western grids returned anomalously high results for light rare earth elements (LREE) and heavy rare earth elements (HREE). Several samples returned values > 390 ppm and > 106 ppm respectively.
– 2 samples returned >1000 ppm total rare earth elements (TREE). – Sampling of the eastern and western grids revealed a strongly mineralized strike and width extent of 600 x 300 m in the east and 2500 x 300 m in the west.
– Four follow-up holes were drilled to test the strong mineralization in the western discovery trench. Results are expected in mid-January 2024.

The initial exploration work was very successful in defining two large corridors of strong REE mineralization. The successful outcome of the summer program was followed up with a small drill program, the results of which are eagerly awaited. The Lac Jacques property continues to represent an outstanding opportunity for rare earth elements in one of the best mining jurisdictions in the world.

In late fall 2023, 319 soil samples were collected on the Lac-Jacques (REE) property, located near St. Anne du Lac in the Canadian province of Quebec. The geochemical survey was conducted using two survey grids The western grid, located over and along strike of the discovery trench, tested 2.5 kilometers of strike over a width of 200 to 300 meters. Grid lines were oriented from 160° to 180° (see press release dated October 30, 2023), with samples taken from the B horizon at 25-meter intervals. The eastern grid was completed over a vein outcrop located near the eastern boundary of the concession area. The grid lines were oriented in an east-west direction and covered an area of approximately 600 x 300 meters centered on the vein outcrop (also B horizon with 25 meter spacing).

The grades of both heavy and light REE show a strong correlation with each other and are also consistent at the individual element level. A series of highly anomalous soils with respect to both heavy and light REE is located approximately 550 meters east-northeast of the discovery trench zone, along the northern edge of the grid. A further 750 meters from this area is another anomalous zone. West of the discovery trench, the two westernmost lines of the grid show several continuous patches of anomalous soils. Overall, there appears to be a correlation between the anomalous soils and the inferred strike of the vein.

The anomalous zones represent multi-element coincident anomalies for drill targeting. It is also clear that follow-up soil geochemistry work is required and will form part of the summer program.

The Company has completed drilling of four diamond core holes (LJ-23-01, 02, 03, 04) on two drill sites in the discovery trench area (see press release dated November 24, 2023). The results are still pending. All results are expected by mid-January 2024.

About Carsten Schmider

Carsten Schmider is one of the best-known small cap/micro cap analysts in the German-speaking world. Thanks to his many years of experience in the sector, his voice is heard by investors and top managers worldwide.


Carsten Schmider
Schmider Report

Management | Troy Minerals

Every company is only as good as the people at the top! Troy Minerals has a top-class team of experts that combines far above-average expertise and many years of experience.

Rana Vig, President & CEO / Director
Rana Vig has more than 30 years of business experience and has helped lead five private sector business ventures during that time. He has been involved in publicly traded companies since 2010 and was President of Musgrove Minerals, an Idaho focused gold and copper mining exploration company from 2011 to 2016 and Chairman and CEO of Continental Precious Minerals Inc. a TSX listed mining exploration company focused on advancing one of the world’s largest uranium deposits in Sweden from 2013 to 2016.

Norman Brewster, Director
Mr. Brewster’s career in the minerals industry includes serving on several corporate boards, financing and developing the Aguas Tenidas mine in Spain and negotiating the purchase of the Condestable mine in Peru. He also chaired the committee reviewing the successful acquisition of Iberian Minerals Corp. by Trafigura Group Pte. Ltd. in a cash acquisition valued at approximately US$497.8 million.

Gurdeep Bains, Director

Bains is a Chartered Professional Accountant (CPA, CA) who received his Chartered Accountant designation from the Institute of Chartered Accountants of BC in 2003 and graduated with a Bachelor of Business Administration from Simon Fraser University in 2004. From 2000 to 2005, he was Senior Auditor, Assurance Services at KPMG. From 2005 to 2014, Mr. Bains was with Canaccord Genuity as Vice President, Internal Audit and Financial Analysis, where he was involved in the company’s global expansion by performing due diligence and integration of $850 million worth of acquisitions in Canada, the U.S., the U.K., Australia and China. From June 2014 to October 2017, he was CFO at OK Tire Stores Inc. an automotive company with over 330 locations across Canada. From October 2017 to March 2019, Mr. Bains was CFO at Zenabis Ltd. and was involved in both finance and business development.

Regina Lara Yunes, CPA

Lara Yunes is a Certified Public Accountant with a Bachelor of Technology in Accounting from the British Columbia Institute of Technology. She is currently a Financial Reporting Manager at Treewalk, providing accounting, financial reporting and compliance services to publicly traded companies. Previously, she worked as an accountant at Smythe LLP, providing audit and tax services to both private and public companies.

Michel Jerbrak, Advisory Board

Mr. Jébrak has advised the French Geological Survey (BRGM) and the Québec government, among others, and until recently served for more than 22 years as a director of the Sidex Mining Investment Fund, a limited partnership company created by the Québec government to invest in companies engaged in mineral exploration in Québec.

Jébrak has a career spanning more than 40 years, during which he has received numerous honors and awards for his work in the mining industry, been appointed to committees and held positions with various Canadian, Australian and French companies. Among numerous prestigious recognitions, he received the Jean Descarreaux Award from the Quebec Mineral Exploration Association (AEMQ) in 2018. This award recognizes individuals whose writings have contributed to the advancement of geoscientific knowledge related to mineral exploration, thereby leading to an increase in exploration activities. In the same year, Jébrak also received the Bancroft Award, which has been presented by the Royal Society of Canada since 1968 to a researcher in the field of geology or geophysics who has made a significant contribution to the advancement of knowledge in these areas.

An accomplished author, Jébrak has published more than 100 articles in peer-reviewed journals and several books on mineral resources and exploration, including the 668-page book Geology of Mineral Resources, which has become a global reference work used by many, including educational institutions around the world. He has taught at several French universities and has been Professor of Economic Geology at the Université du Québec à Montréal (UQAM) since 1987.

In addition to his academic and advisory roles, Jébrak was involved in the creation of the Ordre des Géologues du Québec, the Coeur des sciences at the UQAM, the University Network on Mineral Diversification of Québec, the Canadian Council of Mining Innovation and CONSOREM, an organization dedicated to contributing to the success of mineral exploration in Québec. He is also a global advocate for responsible development and innovation in the mining industry.

To further expand the Advisory Board, the Company is in discussions with several other highly qualified and respected candidates with a proven track record and the Board expects to report on developments in this regard in the coming weeks.

Company Profile | Troy Minerals

Troy Minerals is a mineral exploration company focused on the acquisition, exploration and development of mineral properties. The company is currently involved in four projects:

The Lake Owen Project (formerly SW2) is a highly prospective vanadium, titanium and iron ore rich project consisting of 91 mineral claims located approximately 50 km southwest of Laramie, Wyoming, USA. The property is a billion-plus ton target in a layered Proterozoic mafic intrusive host with solid magnetite-rich cumulates and associated V/Ti and Pt/Pd/Au/Rh-bearing sulphide horizons.

The Lac Jaques project is an accessible project with nearby infrastructure located approximately 250 km north of Montreal, Quebec, Canada. It consists of 17 claims totaling 994 hectares. The property contains high-grade rare earth element (REE) mineralization at surface in a structurally controlled and steeply dipping carbonatite dyke that is up to 25 metres thick and has the potential to extend for several kilometers.

The Green Gold Project, in which the Company holds the right to earn a 100% interest, consists of fourteen (14) mineral claims totaling 11,238 hectares. It is located in central British Columbia, Canada, in the Cariboo mining district, approximately 34 kilometers (km) southwest of the city of Prince George.

The Ticktock Project, a 1,065-hectare property in the prolific Golden Triangle of British Columbia, Canada, is located 23 km northwest of the historic Eskay Creek Mine. It is located between Enduro Metals’ Newmont Lake property and Aben Resources’ Forrest-Kerr property.

Trading Platforms

Investing involves risk. The value of your investments may go down as well as up and you may get back less than you invested.
Past performance, simulations or forecasts are not a reliable indicator of future results.



This publication on Troy Minerals is part of an advertising campaign for the company discussed and is aimed at experienced and speculative investors. Further recommendations may have been made or may be made by third parties.

The background information, market assessments and securities analyses that Carsten Schmider publishes on his websites and in his newsletters do not constitute an offer to sell or a solicitation to buy or sell securities. The information is based on sources that the publisher considers to be trustworthy. Nevertheless, liability for financial losses that may result from the use of the information or share reviews for one’s own investment decisions is categorically excluded.

We would like to point out that equity investments are without exception associated with risk. In fact, any transaction involving warrants, leverage certificates or other financial products involves extremely high risks. Political, economic or other changes can lead to considerable price losses and, in the worst case, to the total loss of the capital invested. In the case of derivative products, the probability of extreme losses is at least as high as with small cap shares, whereby large domestic and foreign shares can also suffer severe price losses or even a total loss.

All liability claims, including for foreign share recommendations, derivatives and fund recommendations, are therefore excluded without exception. You should seek further advice before making any investment decision (e.g. from your bank or a trusted advisor). Although the valuations and statements contained in Carsten Schmider’s analyses and market assessments have been prepared with due care, we accept no responsibility or liability for errors, omissions or incorrect information. This also applies to all statements, figures and assessments made by our interviewees in the interviews.

All statements other than statements of historical fact included in this report regarding Troy Minerals should be considered forward-looking statements that may not prove to be accurate due to substantial risks. The author’s statements are subject to uncertainties that should not be underestimated. There is no certainty or guarantee that the statements made will actually materialize. Therefore, readers should not rely on the statements made by Carsten Schmider Media Relations Publishing and buy or sell securities solely on the basis of reading the report. Carsten Schmider is not a registered or recognized financial advisor. All texts, in particular market assessments, stock assessments and chart analyses, reflect the personal opinion of the editor, which is covered by Article 5 of the German Basic Law, and may in no way be interpreted as investment advice. They are therefore purely individual opinions without any claim to a balanced understanding of the subject matter.

Before investing in securities or other investment opportunities, everyone should consult a professional investment advisor and ask whether such an investment makes sense or whether the risks are too great. Carsten Schmider assumes no responsibility for the accuracy and reliability of the information and content contained in the reports or on its website, distributed by Carsten Schmider or accessible via hyperlinks from Carsten Schmider Media Relations Publishing (hereinafter referred to as the Service).

The reader hereby assures that he/she uses all materials and content at his/her own risk and that Carsten Schmider accepts no liability. Carsten Schmider reserves the right to change, improve, expand or remove the content and materials provided on the Carsten Schmider Media Relations Publishing website without prior notice. Carsten Schmider expressly excludes any warranty for the service and materials.

Service and materials and related documentation are provided to you “as is” without warranty of any kind, either express or implied. Including, but not limited to, implied warranties of merchantability, fitness for a particular purpose or non-infringement. The entire risk arising out of the use or performance of the Service and Materials remains with you, the reader. To the maximum extent permitted by applicable law, Carsten Schmider shall not be liable for any special, incidental, indirect or consequential damages (including, but not limited to, lost profits, business interruption, loss of business information or any other pecuniary loss) arising out of the use of or inability to use the Service and Materials.

The service provided by Carsten Schmider may under no circumstances be construed as personal or general advice. Users who make investment decisions or carry out transactions on the basis of the information displayed or ordered from Carsten Schmider Media Relations Publishing do so entirely at their own risk. The information sent by Carsten Schmider or any other related information therefore does not give rise to any liability whatsoever. We expressly point out that the published articles are not financial analyses in accordance with German capital market law, but promotional articles.

Disclosure of interests / indication of conflicts of interest in accordance with the Market Abuse Regulation EU No. 596/2014.

The recommendations, interviews and company presentations published on the Carsten Schmider Media Relations Publishing website are without exception for advertising purposes and are paid for by the respective companies or so-called third parties. For this reason, however, the independence of the analyses must be called into question. By definition, these are only information. This information is purely promotional and contains neither investment strategy recommendations nor investment recommendations in accordance with Section 34b WpHG and Article 20 of the Market Abuse Regulation. It therefore does not meet the legal requirements for guaranteeing the objectivity of investment strategy recommendations / investment recommendations.

This also applies to the present study on Troy Minerals. The preparation and dissemination of the report was commissioned and remunerated by the respective company or parties related to the company. According to the law, this constitutes a conflict of interest, which we hereby expressly point out.

Carsten Schmider Media Relations Publishing and / or its affiliated companies have entered into a fee-based agreement with the company in question, Troy Minerals, or its shareholders for the preparation of the editorial reviews. According to the law, this constitutes a conflict of interest, which we hereby expressly point out.

We hereby point out that the clients (third parties) of Carsten Schmider’s publications hold shares in securities / shareholdings in Troy Minerals, which are discussed in the publications, at the time of publication. The intention is to sell these securities in direct connection with this publication and to participate in rising prices and turnover or to buy additional securities at any time. Carsten Schmider is therefore acting in conjunction with and on the basis of a paid mandate from other persons who themselves hold significant share positions. According to the law, this constitutes a conflict of interest, which we hereby expressly point out.
The publications of Carsten Schmider Media Relations Publishing should therefore not be regarded as independent financial analyses or even investment advice, as there are significant conflicts of interest. The prices quoted for the securities discussed in the respective publications of Carsten Schmider Media Relations Publishing are the closing prices on the last trading day prior to the respective publication, unless stated otherwise. Because other research houses and stock market letters also discuss the security, there is a symmetrical generation of information and opinion during this period, and it should of course be noted that the security presented here is listed in the highest conceivable risk class for shares. The company does not yet have any turnover and is at an early stage level, which is both attractive and risky. The company’s financial situation is still in deficit, which significantly increases the risks.
Any capital increases that become necessary could also lead to short-term dilution, which could be to the detriment of investors. If the company does not succeed in tapping further sources of finance over the next few years, it could even face insolvency and delisting, and there is no guarantee that the forecasts of the experts and management will actually come true. This means that this share is a bill of exchange for the future. As with any micro cap, there is a risk of total loss if the management’s high expectations cannot be realized in the foreseeable future. For this reason, such stocks are only used as a dynamic addition to an otherwise well-diversified portfolio. Investors should follow the news situation closely and have the technical prerequisites for trading in penny stocks. The market tightness typical of this segment ensures high volatility. My recommendations are only aimed at experienced professional traders and not at inexperienced investors and LOW-RISK investors. Note on area exclusion.

The publications, information and documents published on Schmider Report are not intended for U.S. persons or persons resident in the United States of America, Canada, Australia or Japan and may not be viewed by or distributed to them. Publisher and responsible for content
Carsten Schmider Media Relations Publishing
Schöffenstrasse 17
D-50321 Brühl

Phone: +49 176 / 702 44 313
Managing Director: Carsten Schmider
Sales tax ID: DE 289191140