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Safi Silver Corp. (PNTZF) reports developments for a Canadian exploration and development company focused on copper and silver holdings in African jurisdictions. Recent updates center on the company’s transition from Trigon Metals to Safi Silver, including the short-form amalgamation with its Safi Silver subsidiary, the TSX Venture ticker change to SF, and an unchanged OTC Pink symbol.
Company news also covers the Moroccan exploration portfolio, including the Addana silver-bearing polymetallic vein project and the Silver Hill sedimentary copper prospect, along with the Kalahari Copperbelt Project in Namibia. Other recurring disclosures include shareholder meeting results, equity incentive plans, ownership changes, and funding tied to the completed divestiture of Kombat Mine interests.
Safi Silver (OTCPK:PNTZF) provided an update on its diamond drilling program at the Addana Project in Morocco. The first hole is complete and drilling on Hole #2 has begun, with completion expected before May 23.
Core is logged and sampled at new secure facilities in Igdi, then sent to Afrilab, an SGS and ISO-certified lab in Marrakech, using fire assay, AAS and ICP-MS to analyze polymetallic silver targets. Management highlights steady progress and views Addana as a key step in focusing Safi Silver on Moroccan polymetallic silver exploration following the sale of its Kombat Mine interest. A qualified person has reviewed the technical information.
Trigon Metals (OTCPK: PNTZF) completed a short-form vertical amalgamation effective April 1, 2026 and changed its name to Safi Silver Corp. The TSX Venture ticker will change to SF, effective April 28, 2026, while the OTC ticker remains unchanged.
No shares were issued, there is no share consolidation, and the company says the Amalgamation simplifies corporate structure and reduces administrative costs. A new CUSIP 78657T108 was obtained and a new website, www.safisilver.com, was launched.
Trigon Metals (OTCPK: PNTZF) says Corporations Canada has delayed processing its short-form vertical amalgamation with Safi Silver and the concurrent name change to Safi Silver due to a system backlog. The company filed in advance; Corporations Canada confirmed the Amalgamation and Name Change will be effective April 1, 2026 once processed. Trading under the new name and the SF ticker will begin only after Corporations Canada and TSX Venture Exchange approvals. Trigon will announce a revised trading date when established.
Safi Silver Corp (TSXV: SF; OTC: PNTZF) completed a short-form vertical amalgamation effective April 1, 2026 and changed its name from Trigon Metals to Safi Silver Corp. The TSXV ticker will change to SF and trading under the new name begins April 6, 2026.
The amalgamation cancels subsidiary shares, leaves share capital unchanged, issues no new securities or consolidation, and aims to simplify corporate structure and reduce administrative costs. A new CUSIP 78657T108 was obtained. The company launched a new website at www.safisilver.com.
Trigon Metals (OTCPK: PNTZF) received the first scheduled quarterly payment of US$3.0M under the sale of its Kombat Mine interest to Kamino and Horizon, paid ahead of the April 4, 2026 deadline.
The deal provides eight quarterly non-dilutive payments of US$3M each, contingent production bonuses of US$3.5M–US$13M tied to copper price and mill expansion, and a 1% Cu NSR for 20 quarters once production resumes.
Trigon Metals (OTCPK: PNTZF) reported shareholder voting results from its March 5, 2026 annual and special meeting. Shareholders approved a name change to Safi Silver Corp, re-elected all director nominees, and approved a stock option plan plus restricted share unit and deferred unit plan.
The name change follows the divestiture of Kombat Mine interests and aligns the company with a renewed focus on polymetallic silver exploration in Morocco. Upon completion, shares are expected to trade under ticker SF on the TSX Venture Exchange, subject to final exchange approval.
Trigon Metals (OTCPK: PNTZF) mobilized its inaugural drilling campaign at the Addana Project in southern Morocco on March 3, 2026. The program plans 12 diamond drill holes for up to 2,100 metres (150–200m per hole), with GeoSond Maroc contracted and a core shack to be built.
Five holes target Antenna Hill and seven target Addana Southwest across seven permits totaling ~112 km2, ~300 km southeast of Agadir. The campaign aims to test near-surface silver-lead polymetallic veins and provide vectoring data for continuity at depth.
Trigon Metals (OTCQB: PNTZF) announced an AGM on March 5, 2026 to vote on changing its name to Safi Silver as it shifts focus to polymetallic silver exploration in Morocco after divesting Kombat. The company said the Kombat sale generated US$24M in cash plus a potential US$13M in bonuses and royalties. Leadership changes include Jed Richardson resuming as President and Dr. Andreas Rompel promoted to Chief Exploration Officer; two Namibia-based operations executives have departed. The company intends to reprice 2,500,000 warrants from $1.50 to $0.50 (subject to TSX-V approval) and adopted an RSU/DSU plan reserving 5,500,000 shares.
Eric Sprott announced that 2,500,000 warrants of Trigon Metals (OTC: PNTZF) expired unexercised on October 24, 2025, reducing his partially diluted holdings by approximately 5.8%.
Prior to expiry he beneficially owned 6,509,666 common shares and 2,500,000 warrants (about 11.9% non-diluted; 15.7% partially diluted). After expiry he continues to beneficially own 6,509,666 shares representing 11.9% non-diluted. The partial-dilution change exceeded 2%, prompting an updated early warning filing. Securities are held for investment; Mr. Sprott may buy or sell additional securities in the future.
Trigon Metals (OTCPK: PNTZF) announced the start of its inaugural diamond drill program at the Addana Project in southern Morocco, scheduled to commence before the end of October 2025.
The campaign comprises 12 holes totaling up to 2,000 m (target depth 150–200 m per hole), targeting structurally controlled silver‑lead polymetallic veins across a 112 km² permit package. Historic surface assays reached 564 g/t Ag, 24.8% Pb, and 5.3% Zn. Local contractor Geasond Maroc is mobilized and a core shack and QA/QC program are in place.