Trigon Metals Stock Price, News & Analysis

Trigon Metals Inc. (OTCPK: PNTZF; TSX-V: TM) is a publicly traded Canadian exploration and development company focused on copper and silver projects in mining-friendly African jurisdictions. According to the company’s public disclosures, its core business is advancing copper and silver holdings through exploration and project development in Namibia and Morocco.

Trigon describes itself as having a core focus on copper and silver assets in Africa. The company’s portfolio includes interests in multiple mining licences and exploration permits, with activity centered on both sediment-hosted copper systems and silver-bearing polymetallic vein systems. Its shares trade on the TSX Venture Exchange under the symbol TM and on the U.S. over-the-counter market under the symbol PNTZF.

Core Projects and Geographic Focus

Trigon reports that it holds the Kalahari Copperbelt Project in Namibia, a land package along a recognized copper belt where the company is defining exploration targets. Public updates describe the use of drone-based aeromagnetic surveys, 3D inversion and structural interpretation to identify prospective anticlines, domes and lithological contacts for future drilling.

In Morocco, Trigon states that it is advancing two exploration projects:

• Addana Project – described as a flagship Moroccan project hosting silver-bearing polymetallic veins along with other metals, within a package of exclusive prospecting permits in the Addana Mountains.
• Silver Hill – described as a sedimentary copper prospect that has already undergone drilling and remains under evaluation.

Across these projects, the company’s public technical information emphasizes structural geology, stratigraphic controls and the use of geophysical and geochemical data to guide exploration.

Addana Project, Morocco

Trigon reports that the Addana Project in southern Morocco comprises seven exclusive prospecting permits covering approximately 112 km² in the Addana Mountains, within the province of Tata. The company notes that the project area is accessible via regional highway infrastructure and that it benefits from existing local services.

According to Trigon’s technical disclosures, Addana targets structurally controlled silver–lead polymetallic vein systems, with additional zinc and copper. The project lies within the Bani Group of Ordovician quartzites and schists, folded into a broad anticline forming the Addana Range. Mineralization is described as networks of silver–lead veins, often with zinc and copper, following brittle deformation zones and quartz–carbonate vein systems.

Surface mapping, trenching and sampling reported by the company have identified numerous parallel veins extending up to several kilometres in length. Historic artisanal workings and surface assay results are cited by Trigon as evidence of potential for near-surface, high-grade polymetallic mineralization. The company has outlined an initial drilling program at Addana designed to test continuity and grade of these veins below shallow historical workings, using fences of drill holes to evaluate both strike and depth extensions.

Silver Hill Project, Morocco

Trigon describes Silver Hill as a sedimentary copper prospect in Morocco. Public information indicates that drilling has already been conducted at this project and that it remains an important part of the company’s copper and silver exploration portfolio. Silver Hill is presented as complementary to Addana, with a focus on sediment-hosted copper mineralization rather than polymetallic vein systems.

Kalahari Copperbelt Project, Namibia

In Namibia, Trigon reports that it holds the Kalahari Copperbelt Project, a land position along strike from known copper deposits. The company has disclosed the completion of a drone-based aeromagnetic survey over a key area of this project, followed by data processing and 3D inversion to define exploration targets.

Company technical updates describe the survey area as dominated by regional-scale, doubly plunging anticlines and domal structures, with magnetic lows interpreted as Ngwako Pan Formation anticlines and magnetic highs associated with the D’Kar Formation. Trigon indicates that its exploration focus is on domal features and the contact zones between these formations, which it views as prospective for semi-stratiform copper mineralization. Identified targets include fold closures and domes that the company intends to test with drilling.

Historical Kombat Mine Interest and Strategic Shift

Trigon has reported that it held an interest in the Kombat Mine in Namibia, a previously producing copper mine in the Otavi Mountainlands. Public disclosures note that the company focused on exploration and re-development of this mine and related licences, and that it produced copper and silver there prior to suspending operations following flooding.

Subsequent company announcements describe a definitive agreement to sell Trigon’s interest in the Kombat Mine and associated assets to an affiliate of Horizon Corporation, with a purchase price structured in instalments and additional contingent payments. Trigon has stated that this transaction is intended to transition the company from an under-capitalized operator to a well-funded exploration company, redirecting strategic focus to its exploration assets in Morocco and the Kalahari Copperbelt in Namibia. The company has also indicated that it expects to retain royalty exposure to future production from Kombat under the terms of the sale.

Exploration and Development Approach

Across its portfolio, Trigon’s public communications emphasize an exploration-led approach. At Addana, the company highlights structural mapping, trenching and surface sampling, followed by core drilling with multi-element assays and QA/QC protocols. At the Kalahari Copperbelt Project, the company points to detailed aeromagnetic surveys, 3D inversion modelling and structural interpretation to prioritize drill targets.

Trigon’s technical releases reference the involvement of qualified persons under National Instrument 43-101, who review and approve scientific and technical information. The company also notes the integration of geotechnical and structural logging into its drilling programs to refine geological models and guide follow-up work.

Corporate Profile and Trading

Trigon Metals Inc. identifies itself as a Canadian exploration and development company with a focus on African copper and silver projects. Its common shares trade on the TSX Venture Exchange under the symbol TM and on the U.S. OTC market under the symbol PNTZF. The company has reported that it has used equity financings and project-level loans to support its operations and that it has undertaken private placements and loan agreements in connection with the Kombat Mine and its sale process.

According to public news releases, Trigon’s shareholder base includes institutional and individual investors, with early warning reports indicating significant shareholdings by certain mining-focused investors. The company has disclosed that it holds its corporate offices in Toronto, Ontario, Canada.

Investment Considerations

Information released by Trigon indicates that its business is sensitive to exploration results, project development milestones, regulatory approvals and the completion of asset sales such as the Kombat Mine transaction. As an exploration and development company in the basic materials sector with a focus on copper and silver, its prospects are also influenced by access to capital and the technical success of its exploration programs in Namibia and Morocco.