Trigon Metals Inc. announces that it will be holding its annual and special meeting of common shareholders on Wednesday, June 11, 2025, at 10:00 a.m. ET to, among other matters, vote on the proposed sale of the Company's ownership interest in the Kombat Mine to Horizon Corporation Limited . Trigon and Horizon are in the final stages of negotiation the definitive share purchase agreement that will govern the Proposed [...]
Trigon Metals Inc. is pleased to provide an update on the previously announced agreement with Horizon Corporation Limited for the sale of Trigon's ownership interest in the Kombat Mine in Namibia to Horizon . Both Trigon and Horizon remain committed to completing the Transaction and continue to make steady progress toward closing. While the initial internal target date of March 31, 2025, for entering into a binding share [...]
Trigon Metals Inc. has closed a non-brokered second and final tranche of its previously announced non-brokered private placement financing of common shares . The Company issued 5,603,400 common shares at a price of $0.25 per Share for aggregate gross proceeds of $1,400,850 in the Second Tranche. Together with the first tranche of the Offering, the Company has issued an aggregate of 9,993,400 Shares for gross proceeds of [...]
Trigon Metals Inc. announces its operating milestones and financial results for the three months ended December 31, 2024. All amounts are expressed in U.S. dollars, unless otherwise stated. Highlights Steady Copper Production: 2.19 million pounds of copper sold in Q3, despite operational challenges. Silver Output: 32,949 ounces of silver produced, reinforcing Trigon's diversified metal portfolio. Strategic Asset Sale [...]
Trigon Metals Inc. has closed a non-brokered first tranche of its previously announced non-brokered private placement financing of common shares . The Company issued 4,390,000 common shares at a price of $0.25 per Share for aggregate gross proceeds of $1,097,500 in the First Tranche. Due to strong investor demand, the Company is increasing the size of the Offering from total gross proceeds of $1.7 million to $2,533,100 [...]
Trigon Metals Inc. announces that it has entered into an amended agreement with Horizon Corporation Limited regarding the sale of its 80% ownership interest in the Kombat Mine in Namibia . The revised terms reflect a mutually agreed-upon adjustment to the financial structure of the Proposed Transaction while maintaining the strategic benefits for Trigon shareholders. Key Amendments to the Proposed Transaction: The [...]
Trigon Metals Inc. announces a proactive operational adjustment at its Kombat Mine in Namibia to address unplanned maintenance requirements for its dewatering systems. The Company has temporarily suspended its operations for an anticipated period of six to nine months due to the failure of both of its two main submersible dewatering pumps. Please refer to news release dated January 16, 2025 for additional details. The [...]
Trigon Metals Inc. announces the results of the recent underground drilling at Shaft 1, at levels 1, 3 and 4 at the Kombat mine. The Company also wishes to address a correction to language used in its previous press release dated January 20, 2025. These confirmation holes were targeting orebodies adjacent to historic workings and close to existing underground development. True intercept width is unknown. The holes listed [...]
Trigon Metals Inc. announces that its Kalahari Copper Project has been awarded one of only three spots in the €5 million UNDERCOVER research project funded by the European Union . The UNDERCOVER research project aims to enhance the responsible supply of raw materials. The Project's objectives include advancing deep mineral exploration technologies, stimulating research and development, and enabling their responsible [...]
Trigon Metals Inc. experienced a setback in underground pumping due to the failure of both of its two main dewatering pumps on the morning of January 16, 2025 at the Company's Kombat mine in Namibia. As a result, the Company has suspended underground mining as it anticipates that the pump failure will ultimately result in the underground mine flooding over the coming days. All precautions are being taken to ensure safety [...]
Trigon Metals Inc. announced today that it has signed a binding loan agreement with Horizon Corporation Ltd for a loan from Horizon of up to USD$5 million to Trigon. Pursuant to the Loan Agreement, Trigon has granted Horizon exclusivity rights to negotiate the purchase of Trigon's interest in the Kombat Mine in Namibia . The Proposed Transaction contemplates a valuation for the Kombat mine of USD $30 million , which will [...]
Trigon Metals Inc. announces it has received an indicative term sheet from Horizon Corporation Limited for a proposed loan of USD$5 million to allow for the conclusion of the evaluation and due diligence for a sale of 100% of its ownership interest in the Kombat Mine in Namibia to Horizon. . The Proposed Transaction remains subject to certain conditions including completion of satisfactory due diligence, the negotiation [...]
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