Welcome to our dedicated page for Trigon Metals news (Ticker: PNTZF), a resource for investors and traders seeking the latest updates and insights on Trigon Metals stock.
Trigon Metals Inc. (PNTZF; TSX-V: TM) is a Canadian exploration and development company focused on copper and silver projects in Namibia and Morocco. The news flow around Trigon centers on exploration milestones, project-level transactions, financing arrangements and corporate updates that shape the company’s strategy in African mining jurisdictions.
Recent announcements highlight a planned strategic transition driven by the proposed sale of Trigon’s interest in the Kombat Mine in Namibia to an affiliate of Horizon Corporation. News releases detail shareholder approval for this transaction, competition authority clearance in Namibia, loan amendments with Horizon to support operations during the transition and the structure of instalment payments and royalties tied to the mine’s future performance.
Investors following Trigon’s news can also expect updates on exploration progress at the Addana and Silver Hill projects in Morocco and at the Kalahari Copperbelt Project in Namibia. The company has reported drone-based aeromagnetic surveys, 3D inversion results and the definition of new exploration targets, as well as the launch of an inaugural drilling campaign at Addana targeting silver-bearing polymetallic vein systems.
Additional disclosures include financial reporting such as quarterly and annual results, information on private placements, and changes in significant shareholdings, including early warning reports related to large investors. For those tracking copper and silver exploration activity in Africa, Trigon’s news provides insight into project advancement, capital structure developments and the execution of its exploration-focused strategy.
Trigon Metals Inc. has entered a lease agreement with Kombat Village Properties for land around the Kombat Mine, critical for its ongoing open pit mining operations and tailings facility construction. The lease totals C$1,961,606, payable in three tranches, with an additional grant of 200,000 stock options at an exercise price of $0.46. Trigon will also transfer a 10% equity interest in Gazania Investments to Texel Mining, valued at C$50,000. The Kombat Project, historically significant with over 12 million tonnes of copper produced, is set for ore processing startup in December 2021.
Trigon Metals Inc. announces the election of Gabriel Ollivier to its Board of Directors, effective immediately. Ollivier brings over 25 years of experience in the resource sector and capital markets. He currently leads Equus Energy Advisors and is the CEO of United Hydrocarbon International. Previously, he was CEO of UNX Energy, which sold for $730 million in 2011. The appointment follows the resignation of Stephon Theron. Ollivier will receive 350,000 stock options at an exercise price of $0.45, subject to TSX approval. Trigon focuses on copper and silver projects in Namibia and Morocco.
Trigon Metals Inc. announced the successful completion of conditions precedent for a US$5 million credit facility with IXM SA to restart the Kombat mine. The first tranche of US$2.5 million will be drawn immediately, with the second tranche expected in December 2021. Additionally, an offtake agreement for copper concentrate has been signed with IXM. The Kombat Project has historically produced 12.46 million tonnes of copper. The company anticipates commissioning the plant in December 2021 and expects to produce first concentrates in early 2022.
Trigon Metals Inc. (TSXV:TM) announced significant drilling results from its Kombat Mine project in Namibia. Recent geotechnical drilling intercepted high-grade copper mineralization, with notable results including an 8m intersection of 6.56% Cu and 5m of 9.15% Cu. These findings suggest potential increases in both resource tonnes and deposit grade, enhancing the viability of the planned open pits. The company holds a strong position in the Otavi Mountainlands, having produced over 12.46 million tonnes of copper historically. The project is still in a developmental phase, with further exploration expected.
Trigon Metals has entered into a $5 million credit agreement with IXM SA to finance the restart of the Kombat Mine in Namibia. This facility will be used for capital and operating expenses and will be drawn in two tranches of $2.5 million. IXM will acquire 100% of the copper concentrate produced from the mine, with first production expected in early 2022. Trigon's CEO, Jed Richardson, highlights the significance of this partnership for the company's growth and future operations.
Trigon Metals Inc. has resumed production at the Kombat Mine in Namibia after a 14-year closure. The first blast took place on October 19, 2021, marking a significant milestone for the company and its shareholders. The Kombat Copper Project, covering over 7,500 ha, previously produced approximately 12.46 million tonnes of copper from 1962 to 2008 at a grade of 2.62%. The company also holds additional exploration licenses in Namibia and Morocco, focusing on copper and silver.
Trigon Metals has provided an update on its Silver Hill project in Morocco. The company is preparing for a resumption of drilling in December 2021 after completing drilling in early 2021. Recent activities include detailed topographic surveys, geochemical sampling, and planning for a ground geophysical survey to explore potential mineral connections. The trench reported high grades of copper and silver, indicating a significant mineralized strike length. Trigon has also welcomed an experienced geologist, Jed Diner, to enhance its exploration team.
Trigon Metals Inc. has announced that Tulela Mining & Construction CC has commenced mining establishment at the Kombat Mine in Namibia. Tulela has set up an operational base including refurbished offices and workshops, with mining equipment already delivered. Initial work involves topsoil clearing and employee training, with open pit mining expected to start by October 2021. The Kombat Copper Project, Trigon's flagship, holds significant copper production history and prospective areas for lead and zinc. The company maintains a focus on copper and silver exploration.
Trigon Metals has filed an updated NI 43-101 technical report for the Kombat copper project in Namibia, showing a significant increase in mineral resources. The report indicates an Indicated Mineral Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes, reflecting a 66% increase from previous estimates. The comprehensive resource estimate, which incorporates advanced geological analysis, is projected to support operations for over 20 years. The technical report is available on both SEDAR and Trigon's website.
Trigon Metals Inc. plans a non-brokered private placement of up to 12,500,000 units at $0.40 per unit, aiming for gross proceeds of $5,000,000. Each unit includes one common share and one-half warrant, with warrants exercisable at $0.50 for two years. The offering’s close is anticipated around September 10, 2021, pending regulatory approvals. Proceeds will fund the recommencement of mining at the Kombat mine and support working capital. Trigon holds significant mining interests in Namibia and Morocco, focusing on copper and silver exploration.